Commvault Systems (CVLT) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Commvault Systems in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CVLT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVLT, but not buy additional shares or sell existing shares.
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6 brokerages have issued 1 year price targets for Commvault Systems' stock. Their CVLT share price forecasts range from $65.00 to $86.00. On average, they anticipate the company's stock price to reach $77.60 in the next year. This suggests a possible upside of 13.6% from the stock's current price.
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Commvault Systems' stock was trading at $62.84 on January 1st, 2023. Since then, CVLT shares have increased by 8.7% and is now trading at $68.30.
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Commvault Systems saw a increase in short interest in September. As of September 15th, there was short interest totaling 946,500 shares, an increase of 5.9% from the August 31st total of 893,900 shares. Based on an average daily volume of 258,500 shares, the short-interest ratio is currently 3.7 days. Approximately 2.2% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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Commvault Systems, Inc. (NASDAQ:CVLT) posted its earnings results on Tuesday, August, 1st. The software maker reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.07. The software maker had revenue of $198.15 million for the quarter, compared to analyst estimates of $197.43 million. Commvault Systems had a negative net margin of 3.40% and a positive trailing twelve-month return on equity of 17.69%.

ETFs with the largest weight of Commvault Systems (NASDAQ:CVLT) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Nuveen Small Cap Select ETF (NSCS), Fidelity Cloud Computing ETF (FCLD), ETFMG Prime Cyber Security ETF (HACK), Wedbush ETFMG Global Cloud Technology ETF (IVES), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and Franklin U.S. Small Cap Multifactor Index ETF (FLQS).

Commvault Systems updated its second quarter 2024 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $193.00 million-$197.00 million, compared to the consensus revenue estimate of $195.02 million.

70 employees have rated Commvault Systems Chief Executive Officer Sanjay Mirchandani on Glassdoor.com. Sanjay Mirchandani has an approval rating of 66% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Commvault Systems investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), NIC (EGOV), Aegean Marine Petroleum Network (ANW), ALJ Regional (ALJJ), Gran Tierra Energy (GTE) and Precision Drilling (PD).

Commvault Systems trades on the NASDAQ under the ticker symbol "CVLT."

Shares of CVLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CVLT stock can currently be purchased for approximately $68.30.

Commvault Systems (NASDAQ:CVLT) has a market capitalization of $3.00 billion and generates $784.59 million in revenue each year. The software maker earns $-35,770,000.00 in net income (profit) each year or ($0.61) on an earnings per share basis.

The company employs 2,779 workers across the globe.

Commvault Systems' mailing address is 1 COMMVAULT WAY, TINTON FALLS NJ, 07724. The official website for the company is www.commvault.com. The software maker can be reached via phone at (732) 870-4000, via email at mmelnyk@commvault.com, or via fax at 732-870-4525.