Jefferies Financial Group started coverage on shares of CommVault Systems (NASDAQ:CVLT) in a report released on Tuesday, TipRanks reports. The firm issued a buy rating and a $59.00 price target on the software maker’s stock. Jefferies Financial Group also issued estimates for CommVault Systems’ Q2 2020 earnings at $0.00 EPS, Q3 2020 earnings at $0.00 EPS, Q4 2020 earnings at $0.08 EPS, FY2020 earnings at $0.12 EPS, Q1 2021 earnings at $0.07 EPS, Q2 2021 earnings at $0.10 EPS, Q3 2021 earnings at $0.14 EPS, Q4 2021 earnings at $0.17 EPS and FY2021 earnings at $0.48 EPS.
Several other research firms have also commented on CVLT. Royal Bank of Canada set a $50.00 price target on shares of CommVault Systems and gave the company a hold rating in a report on Wednesday, July 31st. Zacks Investment Research upgraded shares of CommVault Systems from a hold rating to a buy rating and set a $51.00 price target for the company in a report on Tuesday. ValuEngine upgraded shares of CommVault Systems from a hold rating to a buy rating in a report on Wednesday, October 2nd. Finally, BidaskClub upgraded shares of CommVault Systems from a sell rating to a hold rating in a report on Tuesday, September 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. CommVault Systems currently has a consensus rating of Hold and an average price target of $58.83.
CVLT traded up $0.61 on Tuesday, reaching $45.48. 279,446 shares of the company traded hands, compared to its average volume of 499,432. CommVault Systems has a one year low of $40.73 and a one year high of $69.20. The firm has a fifty day simple moving average of $44.23 and a two-hundred day simple moving average of $49.92. The company has a market cap of $2.03 billion, a P/E ratio of 75.80, a price-to-earnings-growth ratio of 11.26 and a beta of 1.10. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.03.
CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. CommVault Systems had a net margin of 0.76% and a return on equity of 6.57%. The company had revenue of $162.20 million during the quarter, compared to analyst estimates of $170.53 million. During the same quarter last year, the business posted $0.36 EPS. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, equities analysts forecast that CommVault Systems will post 0.25 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in shares of CommVault Systems in the 2nd quarter valued at about $29,000. BBT Capital Management LLC bought a new stake in shares of CommVault Systems in the 2nd quarter valued at about $609,000. Aperio Group LLC bought a new stake in shares of CommVault Systems in the 2nd quarter valued at about $109,000. Charles Schwab Investment Management Inc. grew its position in shares of CommVault Systems by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 407,627 shares of the software maker’s stock worth $20,227,000 after buying an additional 15,628 shares during the last quarter. Finally, Redwood Investment Management LLC grew its position in shares of CommVault Systems by 24.3% in the 1st quarter. Redwood Investment Management LLC now owns 15,234 shares of the software maker’s stock worth $986,000 after buying an additional 2,975 shares during the last quarter. Institutional investors and hedge funds own 87.14% of the company’s stock.
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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