Analysts expect CommVault Systems, Inc. (NASDAQ:CVLT) to post $0.31 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for CommVault Systems’ earnings. The highest EPS estimate is $0.32 and the lowest is $0.31. CommVault Systems posted earnings per share of $0.28 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The company is scheduled to announce its next earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that CommVault Systems will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.08 to $1.11. For the next financial year, analysts forecast that the firm will report earnings of $1.34 per share, with EPS estimates ranging from $1.18 to $1.51. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, October 24th. The software maker reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.05). The business had revenue of $168.14 million during the quarter, compared to the consensus estimate of $170.15 million. CommVault Systems had a negative return on equity of 0.17% and a net margin of 0.28%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share.

A number of brokerages have weighed in on CVLT. BidaskClub downgraded CommVault Systems from a “sell” rating to a “strong sell” rating in a report on Saturday. Mitsubishi UFJ Financial Group downgraded CommVault Systems from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 25th. UBS downgraded CommVault Systems from an “overweight” rating to a “neutral” rating in a report on Tuesday, October 24th. Royal Bank Of Canada reiterated a “hold” rating on shares of CommVault Systems in a report on Monday, October 9th. Finally, Jefferies Group reiterated a “buy” rating on shares of CommVault Systems in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. CommVault Systems presently has a consensus rating of “Hold” and a consensus target price of $70.00.

In other news, insider Gary Merrill sold 7,260 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $62.28, for a total transaction of $452,152.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian Carolan sold 4,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $61.90, for a total value of $247,600.00. The disclosure for this sale can be found here. Insiders own 13.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in CommVault Systems by 1.0% during the second quarter. BlackRock Inc. now owns 4,282,750 shares of the software maker’s stock worth $241,762,000 after buying an additional 43,400 shares in the last quarter. Vanguard Group Inc. grew its holdings in CommVault Systems by 0.9% during the second quarter. Vanguard Group Inc. now owns 3,381,007 shares of the software maker’s stock worth $190,857,000 after buying an additional 29,189 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in CommVault Systems by 36.9% during the third quarter. Bank of New York Mellon Corp now owns 1,779,168 shares of the software maker’s stock worth $108,173,000 after buying an additional 479,659 shares in the last quarter. Renaissance Technologies LLC grew its holdings in CommVault Systems by 32.0% during the second quarter. Renaissance Technologies LLC now owns 1,555,213 shares of the software maker’s stock worth $87,792,000 after buying an additional 377,313 shares in the last quarter. Finally, State Street Corp grew its holdings in CommVault Systems by 3.8% during the second quarter. State Street Corp now owns 1,427,204 shares of the software maker’s stock worth $80,565,000 after buying an additional 52,276 shares in the last quarter. Institutional investors and hedge funds own 88.32% of the company’s stock.

Shares of CommVault Systems (CVLT) traded up $0.10 during mid-day trading on Friday, reaching $54.00. The company’s stock had a trading volume of 363,360 shares, compared to its average volume of 411,948. CommVault Systems has a 1-year low of $47.61 and a 1-year high of $64.60.

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

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