Q3 EPS Forecast for CommVault Systems Reduced by Analyst

Key Points

• William Blair has cut its Q3 2026 EPS estimate for CommVault Systems to $0.48 from a previous estimate of $0.55.
• The company reported a 23.2% increase in revenue year-over-year, with $1.03 EPS last quarter, exceeding analysts' expectations of $0.93.
• CommVault Systems is receiving positive attention with multiple analysts raising their price targets, leading to a consensus average target price of $205.63.

CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) - William Blair lowered their Q3 2026 EPS estimates for CommVault Systems in a research report issued on Tuesday, July 29th. William Blair analyst J. Ader now anticipates that the software maker will earn $0.48 per share for the quarter, down from their previous forecast of $0.55. The consensus estimate for CommVault Systems' current full-year earnings is $1.65 per share. William Blair also issued estimates for CommVault Systems' FY2026 earnings at $1.93 EPS.

Other research analysts also recently issued reports about the company. Wells Fargo & Company upped their target price on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Piper Sandler upped their target price on CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. DA Davidson upped their target price on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. KeyCorp upped their target price on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Oppenheimer increased their price objective on CommVault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, CommVault Systems currently has an average rating of "Moderate Buy" and an average target price of $205.63.

CommVault Systems Trading Down 1.9%

CommVault Systems stock traded down $3.57 during mid-day trading on Friday, hitting $182.94. The company had a trading volume of 294,392 shares, compared to its average volume of 496,442. CommVault Systems has a 12-month low of $128.07 and a 12-month high of $200.68. The company's fifty day moving average is $177.02 and its 200-day moving average is $169.07. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 101.53 and a beta of 0.70.

Insiders Place Their Bets

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

Hedge Funds Weigh In On CommVault Systems

A number of hedge funds have recently modified their holdings of CVLT. Bank of New York Mellon Corp boosted its holdings in CommVault Systems by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 384,621 shares of the software maker's stock valued at $67,051,000 after acquiring an additional 22,334 shares during the period. Sigma Planning Corp purchased a new position in shares of CommVault Systems in the 2nd quarter valued at about $437,000. State of Michigan Retirement System boosted its stake in shares of CommVault Systems by 1.0% in the 2nd quarter. State of Michigan Retirement System now owns 10,612 shares of the software maker's stock valued at $1,850,000 after buying an additional 100 shares during the period. Versor Investments LP boosted its stake in shares of CommVault Systems by 158.6% in the 2nd quarter. Versor Investments LP now owns 4,396 shares of the software maker's stock valued at $766,000 after buying an additional 2,696 shares during the period. Finally, Strs Ohio boosted its stake in shares of CommVault Systems by 1.9% in the 2nd quarter. Strs Ohio now owns 11,000 shares of the software maker's stock valued at $1,918,000 after buying an additional 200 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

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.