CommVault Systems (CVLT) Set to Announce Earnings on Tuesday

CommVault Systems (NASDAQ:CVLT) is set to announce its earnings results before the market opens on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.31 per share for the quarter.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.05). CommVault Systems had a negative return on equity of 0.17% and a net margin of 0.28%. The firm had revenue of $168.14 million for the quarter, compared to analyst estimates of $170.15 million. During the same period in the prior year, the business earned $0.25 earnings per share. CommVault Systems’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect CommVault Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of CommVault Systems (CVLT) opened at $53.90 on Tuesday. CommVault Systems has a 12 month low of $47.61 and a 12 month high of $64.60. The stock has a market cap of $2,490.00, a PE ratio of 1,796.67, a price-to-earnings-growth ratio of 65.33 and a beta of 1.44.

Several equities research analysts have issued reports on CVLT shares. Royal Bank of Canada reaffirmed a “hold” rating on shares of CommVault Systems in a research note on Monday, October 9th. UBS Group cut shares of CommVault Systems from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 24th. Mitsubishi UFJ Financial Group cut shares of CommVault Systems from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 25th. Jefferies Group reaffirmed a “buy” rating on shares of CommVault Systems in a research note on Thursday, October 26th. Finally, Zacks Investment Research cut shares of CommVault Systems from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $70.00.

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About CommVault Systems

Earnings History for CommVault Systems (NASDAQ:CVLT)

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