Wall Street analysts expect CommVault Systems, Inc. (NASDAQ:CVLT) to announce $0.38 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for CommVault Systems’ earnings. The lowest EPS estimate is $0.31 and the highest is $0.41. CommVault Systems reported earnings of $0.54 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 29.6%. The company is expected to issue its next quarterly earnings report on Tuesday, February 4th.

On average, analysts expect that CommVault Systems will report full-year earnings of $1.48 per share for the current financial year, with EPS estimates ranging from $1.26 to $1.57. For the next financial year, analysts forecast that the business will post earnings of $1.76 per share, with EPS estimates ranging from $1.68 to $1.84. Zacks’ earnings per share averages are an average based on a survey of analysts that cover CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. The firm had revenue of $167.58 million during the quarter, compared to analyst estimates of $163.28 million. CommVault Systems had a positive return on equity of 7.18% and a negative net margin of 0.39%. CommVault Systems’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share.

CVLT has been the subject of a number of research reports. ValuEngine upgraded CommVault Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Jefferies Financial Group initiated coverage on CommVault Systems in a report on Tuesday, October 8th. They issued a “buy” rating and a $59.00 price target for the company. BidaskClub upgraded CommVault Systems from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Zacks Investment Research upgraded CommVault Systems from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $59.50.

Shares of NASDAQ CVLT traded down $0.78 during trading hours on Monday, reaching $49.84. The stock had a trading volume of 321,835 shares, compared to its average volume of 488,714. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 83.07, a P/E/G ratio of 10.44 and a beta of 1.13. The business’s fifty day moving average price is $48.54 and its two-hundred day moving average price is $46.97. CommVault Systems has a 52-week low of $40.73 and a 52-week high of $69.20.

In related news, CFO Brian Carolan sold 647 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $50.18, for a total value of $32,466.46. Following the completion of the transaction, the chief financial officer now owns 107,100 shares of the company’s stock, valued at $5,374,278. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James J. Whalen sold 1,389 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $50.17, for a total transaction of $69,686.13. Following the completion of the transaction, the chief accounting officer now directly owns 19,594 shares of the company’s stock, valued at approximately $983,030.98. The disclosure for this sale can be found here. Insiders sold 119,332 shares of company stock valued at $5,786,317 in the last three months. 12.00% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Retirement Systems of Alabama raised its stake in CommVault Systems by 30.2% in the third quarter. Retirement Systems of Alabama now owns 297,942 shares of the software maker’s stock worth $13,321,000 after buying an additional 69,122 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in CommVault Systems in the second quarter worth approximately $29,000. BBT Capital Management LLC bought a new position in CommVault Systems in the second quarter worth approximately $609,000. Aperio Group LLC bought a new position in CommVault Systems in the second quarter worth approximately $109,000. Finally, Russell Investments Group Ltd. raised its stake in CommVault Systems by 45.9% in the third quarter. Russell Investments Group Ltd. now owns 344,806 shares of the software maker’s stock worth $15,401,000 after buying an additional 108,473 shares in the last quarter. 92.72% of the stock is owned by institutional investors.

CommVault Systems Company Profile

Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.

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

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