Analysts Set Expectations for CVLT FY2027 Earnings

Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) - Equities research analysts at DA Davidson issued their FY2027 earnings estimates for shares of Commvault Systems in a report issued on Wednesday, April 30th. DA Davidson analyst R. Kessinger forecasts that the software maker will post earnings of $2.36 per share for the year. DA Davidson currently has a "Buy" rating and a $200.00 target price on the stock. The consensus estimate for Commvault Systems' current full-year earnings is $1.65 per share.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The software maker reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.10. The company had revenue of $275.04 million during the quarter, compared to the consensus estimate of $262.52 million. Commvault Systems had a return on equity of 28.69% and a net margin of 18.14%. Commvault Systems's quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share.

CVLT has been the subject of several other research reports. Royal Bank of Canada boosted their price target on shares of Commvault Systems from $175.00 to $185.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. StockNews.com raised shares of Commvault Systems from a "hold" rating to a "buy" rating in a research note on Thursday. William Blair upgraded shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Cantor Fitzgerald boosted their price objective on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Oppenheimer raised their target price on Commvault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.25.

Commvault Systems Price Performance

NASDAQ:CVLT opened at $172.55 on Monday. Commvault Systems has a 12-month low of $105.76 and a 12-month high of $190.11. The business has a 50 day simple moving average of $158.48 and a 200 day simple moving average of $162.19. The firm has a market capitalization of $7.59 billion, a P/E ratio of 45.29 and a beta of 0.68.

Institutional Trading of Commvault Systems

A number of large investors have recently added to or reduced their stakes in the business. Quarry LP boosted its stake in shares of Commvault Systems by 888.2% during the 4th quarter. Quarry LP now owns 168 shares of the software maker's stock worth $25,000 after acquiring an additional 151 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Commvault Systems by 101.3% during the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Whipplewood Advisors LLC boosted its position in shares of Commvault Systems by 584.0% in the 1st quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after purchasing an additional 146 shares during the period. Cullen Frost Bankers Inc. purchased a new position in Commvault Systems in the 1st quarter worth about $27,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Commvault Systems by 208.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock worth $29,000 after buying an additional 125 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Commvault Systems

In other news, insider Gary Merrill sold 3,287 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the completion of the transaction, the insider now owns 87,316 shares in the company, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the transaction, the chief executive officer now directly owns 427,231 shares in the company, valued at $79,447,876.76. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

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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