DA Davidson Has Bullish Forecast for CVLT FY2026 Earnings

Key Points

• DA Davidson has revised its FY2026 earnings per share estimate for CommVault Systems to $1.96, slightly up from a previous estimate of $1.95, while maintaining a "Buy" rating and a price target of $220.00.
• CommVault Systems reported a quarterly earnings per share of $1.03, surpassing forecasts, with revenues of $275.04 million, marking a 23.2% increase year-over-year.
• Institutional ownership is robust, with 93.50% of the stock owned by institutional investors and hedge funds, indicating significant confidence in the company's future growth.

CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) - Research analysts at DA Davidson increased their FY2026 EPS estimates for shares of CommVault Systems in a research note issued on Wednesday, July 30th. DA Davidson analyst R. Kessinger now expects that the software maker will post earnings per share of $1.96 for the year, up from their previous forecast of $1.95. DA Davidson currently has a "Buy" rating and a $220.00 target price on the stock. The consensus estimate for CommVault Systems' current full-year earnings is $1.65 per share. DA Davidson also issued estimates for CommVault Systems' FY2027 earnings at $2.38 EPS.

A number of other research firms have also weighed in on CVLT. Oppenheimer raised their target price on CommVault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Wall Street Zen upgraded CommVault Systems from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Guggenheim set a $220.00 target price on shares of CommVault Systems in a research note on Tuesday. Piper Sandler raised their price target on shares of CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company boosted their price target on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $205.63.

CommVault Systems Price Performance

Shares of NASDAQ CVLT traded down $10.22 during mid-day trading on Thursday, reaching $179.73. 515,257 shares of the company's stock traded hands, compared to its average volume of 501,117. The stock has a market cap of $7.99 billion, a P/E ratio of 99.85 and a beta of 0.70. The business has a 50-day simple moving average of $177.02 and a 200 day simple moving average of $168.97. CommVault Systems has a 1-year low of $127.35 and a 1-year high of $200.68.

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 the consensus estimate of $0.93 by $0.10. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%. The company had revenue of $275.04 million during the quarter, compared to the consensus estimate of $262.52 million. During the same period last year, the business posted $0.79 EPS. The firm's revenue for the quarter was up 23.2% compared to the same quarter last year.

Insiders Place Their Bets

In related news, CEO Sanjay Mirchandani sold 1,709 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $299,075.00. Following the transaction, the chief executive officer owned 469,648 shares of the company's stock, valued at $82,188,400. This represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary Merrill sold 1,748 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $174.91, for a total value of $305,742.68. Following the transaction, the insider directly owned 89,923 shares in the company, valued at $15,728,431.93. This trade represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of CommVault Systems

Several large investors have recently bought and sold shares of CVLT. Renaissance Technologies LLC increased its stake in shares of CommVault Systems by 1.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,909,185 shares of the software maker's stock valued at $288,115,000 after purchasing an additional 24,900 shares in the last quarter. Invesco Ltd. raised its position in CommVault Systems by 7.1% in the 1st quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker's stock worth $280,388,000 after buying an additional 117,199 shares during the last quarter. Acadian Asset Management LLC lifted its stake in CommVault Systems by 2.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,505,357 shares of the software maker's stock valued at $237,454,000 after acquiring an additional 43,075 shares during the period. Geode Capital Management LLC lifted its stake in CommVault Systems by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker's stock valued at $194,681,000 after acquiring an additional 43,088 shares during the period. Finally, Nuveen LLC bought a new position in CommVault Systems during the 1st quarter valued at about $116,223,000. 93.50% of the stock is owned by institutional investors.

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.