CommVault Systems, Inc. (NASDAQ:CVLT) – William Blair reduced their Q4 2018 earnings estimates for CommVault Systems in a note issued to investors on Tuesday. William Blair analyst J. Ader now anticipates that the software maker will post earnings of $0.09 per share for the quarter, down from their prior forecast of $0.16. William Blair also issued estimates for CommVault Systems’ Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.19 EPS and FY2019 earnings at $0.43 EPS.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of CommVault Systems from a “hold” rating to a “strong sell” rating in a report on Friday. Jefferies Group LLC reaffirmed a “buy” rating on shares of CommVault Systems in a report on Thursday. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of CommVault Systems in a report on Wednesday. UBS AG downgraded shares of CommVault Systems from an “overweight” rating to a “neutral” rating in a report on Tuesday. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of CommVault Systems in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $70.67.

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Shares of CommVault Systems (NASDAQ:CVLT) traded down 0.39% on Friday, hitting $51.35. 584,215 shares of the stock were exchanged. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 900.88 and a beta of 1.40. The stock’s 50-day moving average is $60.41 and its 200-day moving average is $57.82. CommVault Systems has a 1-year low of $47.61 and a 1-year high of $64.60.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). CommVault Systems had a net margin of 0.28% and a negative return on equity of 0.17%. The firm had revenue of $168.14 million during the quarter, compared to the consensus estimate of $170.15 million. During the same period last year, the business earned $0.25 EPS. The business’s revenue was up 5.5% on a year-over-year basis.

Several institutional investors have recently made changes to their positions in the company. Texas Permanent School Fund lifted its holdings in shares of CommVault Systems by 0.5% in the second quarter. Texas Permanent School Fund now owns 30,519 shares of the software maker’s stock worth $1,723,000 after buying an additional 166 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in shares of CommVault Systems by 1.2% in the second quarter. State Treasurer State of Michigan now owns 17,200 shares of the software maker’s stock worth $971,000 after buying an additional 200 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of CommVault Systems by 0.5% in the second quarter. Bessemer Group Inc. now owns 40,300 shares of the software maker’s stock worth $2,275,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of CommVault Systems by 1.1% in the second quarter. Arizona State Retirement System now owns 17,600 shares of the software maker’s stock worth $994,000 after buying an additional 200 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of CommVault Systems by 0.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,321 shares of the software maker’s stock worth $2,954,000 after buying an additional 200 shares in the last quarter. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Gary Merrill sold 3,072 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $59.01, for a total value of $181,278.72. Following the sale, the insider now directly owns 23,878 shares of the company’s stock, valued at $1,409,040.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Al Bunte sold 30,001 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $60.01, for a total transaction of $1,800,360.01. Following the completion of the sale, the insider now directly owns 474,780 shares in the company, valued at $28,491,547.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,507 shares of company stock worth $3,229,997. Insiders own 13.40% of the company’s stock.

CommVault Systems Company Profile

Earnings History and Estimates for CommVault Systems (NASDAQ:CVLT)

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