CommVault Systems (NASDAQ:CVLT) Issues Quarterly Earnings Results, Misses Estimates By $0.40 EPS

Key Points

• CommVault Systems reported quarterly earnings of $0.57 per share, missing analysts' expectations by $0.40, prompting an update of its FY 2026 guidance for earnings per share.
• The company's stock has shown significant volatility, with a 1-year low of $121.78 and a high of $192.01, currently having a P/E ratio of 96.70 and a market capitalization of $7.28 billion.
• Several investment analysts have adjusted their price targets for CommVault, with upgrades indicating an average price target of $189.13 and a consensus rating of "Moderate Buy."

CommVault Systems (NASDAQ:CVLT - Get Free Report) released its quarterly earnings data on Tuesday. The software maker reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.40), Zacks reports. The company had revenue of $281.98 million for the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. CommVault Systems updated its FY 2026 guidance to EPS and its Q2 2026 guidance to EPS.

CommVault Systems Stock Performance

CVLT stock traded down $3.42 during midday trading on Thursday, reaching $189.95. 657,123 shares of the company were exchanged, compared to its average volume of 479,082. The stock's 50-day simple moving average is $176.62 and its 200 day simple moving average is $168.60. CommVault Systems has a 1-year low of $127.35 and a 1-year high of $200.68. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 105.53 and a beta of 0.73.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CVLT shares. Piper Sandler upped their target price on shares of CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen upgraded shares of CommVault Systems from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Royal Bank Of Canada lifted their target price on shares of CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a report on Wednesday. Wells Fargo & Company upped their target price on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Guggenheim set a $220.00 target price on shares of CommVault Systems in a research note on Tuesday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $205.63.

Insider Activity at CommVault Systems

In other news, insider Gary Merrill sold 1,748 shares of CommVault Systems stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $174.91, for a total transaction of $305,742.68. Following the completion of the transaction, the insider owned 89,923 shares of the company's stock, valued at $15,728,431.93. The trade was a 1.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Nicola Adamo sold 1,500 shares of CommVault Systems stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $169.74, for a total value of $254,610.00. Following the transaction, the director directly owned 16,178 shares of the company's stock, valued at $2,746,053.72. This trade represents a 8.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,957 shares of company stock worth $859,428 in the last three months. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CommVault Systems stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 8.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 147,410 shares of the software maker's stock after purchasing an additional 11,700 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.33% of CommVault Systems worth $23,255,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 93.50% of the company's stock.

About CommVault Systems

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.