Research Analysts Issue Forecasts for CVLT FY2026 Earnings

Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) - Analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for Commvault Systems in a report released on Monday, June 9th. Cantor Fitzgerald analyst T. Blakey expects that the software maker will post earnings per share of $2.15 for the year. 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 quarterly earnings data on Tuesday, April 29th. The software maker reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.10. The firm had revenue of $275.04 million for the quarter, compared to analysts' expectations of $262.52 million. Commvault Systems had a net margin of 18.14% and a return on equity of 28.69%. The business's quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 EPS.

A number of other analysts have also recently commented on CVLT. Piper Sandler reduced their price target on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada boosted their price objective on Commvault Systems from $175.00 to $185.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. DA Davidson raised their target price on shares of Commvault Systems from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Wells Fargo & Company lifted their price target on shares of Commvault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Finally, Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Commvault Systems presently has a consensus rating of "Moderate Buy" and an average price target of $175.25.

Commvault Systems Trading Down 0.8%

Commvault Systems stock traded down $1.47 during trading on Tuesday, reaching $184.62. The company had a trading volume of 371,787 shares, compared to its average volume of 425,723. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 48.46 and a beta of 0.75. The firm's 50-day simple moving average is $169.81 and its 200 day simple moving average is $166.18. Commvault Systems has a 52 week low of $114.15 and a 52 week high of $192.01.

Hedge Funds Weigh In On Commvault Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Commvault Systems during the first quarter valued at approximately $116,223,000. Invesco Ltd. lifted its stake in Commvault Systems by 57.7% in the fourth quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker's stock worth $250,527,000 after acquiring an additional 607,643 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Commvault Systems by 604.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker's stock valued at $98,479,000 after purchasing an additional 555,656 shares in the last quarter. Norges Bank purchased a new position in shares of Commvault Systems in the 4th quarter worth approximately $79,619,000. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Commvault Systems by 1,936.0% during the 1st quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker's stock valued at $56,850,000 after purchasing an additional 342,656 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Sanjay Mirchandani sold 1,709 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $299,075.00. Following the completion of the transaction, the chief executive officer now owns 469,648 shares in the company, valued at $82,188,400. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gary Merrill sold 1,748 shares of Commvault Systems stock in a transaction dated 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 now directly owns 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. In the last three months, insiders have sold 4,957 shares of company stock valued at $859,428. Corporate insiders own 1.00% of the company's stock.

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.