Commvault Systems (NASDAQ:CVLT – Get Free Report) is set to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Commvault Systems to post earnings of $0.73 per share for the quarter. Commvault Systems has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
Commvault Systems (NASDAQ:CVLT – Get Free Report) last released its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Commvault Systems had a positive return on equity of 32.27% and a negative net margin of 0.09%. The business had revenue of $216.81 million for the quarter, compared to the consensus estimate of $208.01 million. During the same period last year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts expect Commvault Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Commvault Systems Stock Up 1.2 %
CVLT stock opened at $98.30 on Monday. Commvault Systems has a twelve month low of $57.46 and a twelve month high of $102.21. The company has a market cap of $4.30 billion, a PE ratio of -3,276.67 and a beta of 0.62. The business’s 50-day simple moving average is $97.48 and its 200 day simple moving average is $83.97.
Insider Transactions at Commvault Systems
Wall Street Analysts Forecast Growth
CVLT has been the topic of a number of recent research reports. KeyCorp raised Commvault Systems from a “sector weight” rating to an “overweight” rating and set a $109.00 price objective on the stock in a report on Wednesday, January 31st. Royal Bank of Canada lifted their price objective on Commvault Systems from $86.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Commvault Systems has an average rating of “Moderate Buy” and a consensus target price of $85.60.
Commvault Systems Company Profile
Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.
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