CommVault Systems, Inc. (NASDAQ:CVLT) – Equities research analysts at Jefferies Group cut their Q4 2018 earnings per share estimates for shares of CommVault Systems in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Difucci now anticipates that the software maker will post earnings of $0.05 per share for the quarter, down from their previous forecast of $0.08. Jefferies Group has a “Buy” rating on the stock.
CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Wednesday, January 24th. The software maker reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $180.37 million during the quarter, compared to analysts’ expectations of $182.01 million. CommVault Systems had a positive return on equity of 0.32% and a negative net margin of 8.30%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 earnings per share.
CommVault Systems (NASDAQ:CVLT) opened at $55.90 on Monday. The company has a market capitalization of $2,512.27, a PE ratio of -44.37, a PEG ratio of 77.77 and a beta of 1.44. CommVault Systems has a twelve month low of $47.61 and a twelve month high of $64.60.
A number of hedge funds and other institutional investors have recently modified their holdings of CVLT. Wells Fargo & Company MN grew its position in shares of CommVault Systems by 2.1% in the 2nd quarter. Wells Fargo & Company MN now owns 168,714 shares of the software maker’s stock worth $9,525,000 after acquiring an additional 3,499 shares in the last quarter. Riverhead Capital Management LLC grew its position in shares of CommVault Systems by 70.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock worth $145,000 after acquiring an additional 1,063 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of CommVault Systems by 0.5% in the 2nd quarter. Nationwide Fund Advisors now owns 92,958 shares of the software maker’s stock worth $5,247,000 after acquiring an additional 486 shares in the last quarter. BlackRock Inc. grew its position in shares of CommVault Systems by 1.0% in the 2nd quarter. BlackRock Inc. now owns 4,282,750 shares of the software maker’s stock worth $241,762,000 after acquiring an additional 43,400 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of CommVault Systems by 4.9% in the 2nd quarter. Amalgamated Bank now owns 5,631 shares of the software maker’s stock worth $318,000 after acquiring an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 88.13% of the company’s stock.
CommVault Systems declared that its Board of Directors has approved a stock repurchase program on Wednesday, January 24th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
CommVault Systems Company Profile
Commvault Systems, Inc (Commvault) is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data, and policy-based data management.
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