Somewhat Positive Press Coverage Somewhat Unlikely to Affect CommVault Systems (CVLT) Share Price
Media headlines about CommVault Systems (NASDAQ:CVLT) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CommVault Systems earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 44.9922916220388 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms have recently commented on CVLT. Jefferies Group LLC raised their price objective on CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. BidaskClub raised CommVault Systems from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Stifel Nicolaus reissued a “buy” rating and set a $75.00 target price (up previously from $68.00) on shares of CommVault Systems in a research note on Wednesday, July 26th. Mizuho reissued a “buy” rating and set a $75.00 target price (up previously from $70.00) on shares of CommVault Systems in a research note on Monday, July 24th. Finally, TheStreet downgraded CommVault Systems from a “b” rating to a “c” rating in a research note on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $69.80.
CommVault Systems (NASDAQ CVLT) opened at 60.95 on Friday. 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 $2.77 billion, a PE ratio of 1069.30 and a beta of 1.44. The firm’s 50-day moving average price is $59.83 and its 200 day moving average price is $55.66.
CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The business had revenue of $165.97 million during the quarter, compared to analysts’ expectations of $159.92 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. Analysts anticipate that CommVault Systems will post $1.22 EPS for the current year.
In related news, insider Gary Merrill sold 15,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $57.51, for a total value of $862,650.00. Following the completion of the sale, the insider now owns 39,312 shares of the company’s stock, valued at $2,260,833.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Brian Carolan sold 9,174 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $59.80, for a total value of $548,605.20. Following the completion of the sale, the vice president now directly owns 74,513 shares of the company’s stock, valued at approximately $4,455,877.40. The disclosure for this sale can be found here. Insiders have sold 69,247 shares of company stock valued at $4,136,094 in the last three months. Insiders own 13.40% of the company’s stock.
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About CommVault Systems
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