Weekly Research Analysts’ Ratings Changes for CommVault Systems (CVLT)

A number of firms have modified their ratings and price targets on shares of CommVault Systems (NASDAQ: CVLT) recently:

  • 1/25/2018 – CommVault Systems had its “buy” rating reaffirmed by analysts at Lake Street Capital. They now have a $58.00 price target on the stock, down previously from $60.00.
  • 1/23/2018 – CommVault Systems had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $75.00 price target on the stock. They wrote, “We expect license revenue of around $83mm (+15% Y/Y or +5% sequentially), largely in-line with consensus. Total revenue could print around $180-185mm (+8-11% Y/Y or +7-10% sequentially) on incremental flow through of maintenance revenue post pricing realignment and contribution from recent license bookings. Profitability estimates of 13% are in-line with guidance and seem reasonable. CFFO estimates of 18% margin could be slightly on the high side; however, maintenance renewal bookings should help. Click here for our detailed preview and model.””
  • 1/18/2018 – CommVault Systems was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/17/2018 – CommVault Systems had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $75.00 price target on the stock. They wrote, “We reiterate our Buy rating and $75 PT on potential upside to estimates over the NTM driving some multiple expansion from current levels. To the downside, we see an attractive asset with cheap valuation and potential for consolidation in the space. KeyPoints Consensus expectations seem reasonable. We expect license revenue of around $83mm (+15% Y/Y or +5% sequentially), largely in-line with consensus. Total revenue could print around $180-185mm (+8-11% Y/Y or +7-10% sequentially) on incremental flow through of maintenance revenues post pricing realignment and contribution from recent license bookings. Profitability estimates of 13% are in-line with guidance and seem reasonable. CFFO estimates of 18% margin could be slightly on the high side; however, maintenance renewal bookings should help.””
  • 1/10/2018 – CommVault Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CommVault provides Unified Data Management solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. The CommVault QiNetix platform, based on CommVault’s Common Technology Engine, integrates Galaxy backup and recovery, snapshot management and recovery, remote replication, active data migration and archiving, e-mail compliance, enterprise service level management and reporting and storage resource management software solutions. The QiNetix unified approach is designed to allow customers to add integrate QiNetix components, at a fraction of the time, effort and money required by separate point products. “
  • 1/4/2018 – CommVault Systems was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 12/26/2017 – CommVault Systems was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “CommVault provides Unified Data Management solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. The CommVault QiNetix platform, based on CommVault’s Common Technology Engine, integrates Galaxy backup and recovery, snapshot management and recovery, remote replication, active data migration and archiving, e-mail compliance, enterprise service level management and reporting and storage resource management software solutions. The QiNetix unified approach is designed to allow customers to add integrate QiNetix components, at a fraction of the time, effort and money required by separate point products. “
  • 12/2/2017 – CommVault Systems was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

CommVault Systems, Inc. (NASDAQ:CVLT) opened at $55.90 on Monday. CommVault Systems, Inc. has a one year low of $47.61 and a one year high of $64.60. The stock has a market capitalization of $2,465.08, a price-to-earnings ratio of -44.37, a P/E/G ratio of 73.13 and a beta of 1.44.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Wednesday, January 24th. The software maker reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). CommVault Systems had a positive return on equity of 0.32% and a negative net margin of 8.30%. The firm had revenue of $180.37 million for the quarter, compared to the consensus estimate of $182.01 million. During the same quarter last year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. sell-side analysts forecast that CommVault Systems, Inc. will post 0.04 EPS for the current fiscal year.

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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