NASDAQ:CVLT

Commvault Systems (CVLT) Stock Forecast, Price & News

$67.61

-0.53 (-0.78%)

(As of 09/29/2023 ET)

Compare

Today's Range: $67.34
▼
$68.62
50-Day Range: $67.56
▼
$77.93
52-Week Range: $52.39
▼
$78.80

Volume: 168,348 shs
Average Volume: 193,542 shs
Market Capitalization: $2.97 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $77.60

Commvault Systems MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 14.8% Upside
$77.60 Price Target
Short Interest: Healthy
2.20% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.88
Upright™ Environmental Score
News Sentiment: 1.23
Based on 6 Articles This Week
Insider Trading: Selling Shares
$1.38 M Sold Last Quarter
Proj. Earnings Growth: -1.63%
From $1.23 to $1.21 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Computer And Technology Sector

460th out of 608 stocks

Prepackaged Software Industry

149th out of 208 stocks

2.2

Analyst's Opinion

Consensus Rating
Commvault Systems has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $77.60, Commvault Systems has a forecasted upside of 14.8% from its current price of $67.61.
Amount of Analyst Coverage
Commvault Systems has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.20% of the float of Commvault Systems has been sold short.
Short Interest Ratio / Days to Cover
Commvault Systems has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Commvault Systems has recently increased by 5.88%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Commvault Systems does not currently pay a dividend.
Dividend Growth
Commvault Systems does not have a long track record of dividend growth.

4.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Commvault Systems has received a 61.57% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Cybersecurity management systems", "Disaster recovery software", and "Data privacy tracking and control software" products. See details.
Environmental Sustainability
The Environmental Impact score for Commvault Systems is -0.88.

2.9

News and Social Media Coverage

News Sentiment
Commvault Systems has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Commvault Systems this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 1 people have added Commvault Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Commvault Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,378,981.00 in company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Commvault Systems is held by insiders.
Percentage Held by Institutions
91.56% of the stock of Commvault Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Commvault Systems are expected to decrease by -1.63% in the coming year, from $1.23 to $1.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Commvault Systems is -110.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Commvault Systems is -110.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Commvault Systems has a P/B Ratio of 16.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Commvault Systems (NASDAQ:CVLT) Stock

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. It also provides Commvault HyperScale X, an easy-to-deploy scale-out solution; and Metallic Recovery Reserve, an easy button to adopt secure and scalable cloud storage in minutes. In addition, the company provides technology consulting, Ransomware recovery, education, and remote managed services. Further, it sells appliances that integrate the software with hardware for use in a range of business needs and use cases; and offers customer support, consulting, assessment and design, and installation services, as well as customer education and as-a-service under the Metallic brand. The company sells its products and services directly through its sales force, and indirectly through its network of distributors, value-added resellers, systems integrators, corporate resellers, and original equipment manufacturers to large enterprises, small or med-sized businesses, and government agencies. It supports customers in a range of industries, including banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utilities, and energy. Commvault Systems, Inc. was founded in 1988 and is headquartered in Tinton Falls, New Jersey.

CVLT Price History

30 days | 90 days | 365 days | Advanced Chart

CVLT Stock News Headlines

September 21, 2023 | finance.yahoo.com

Recognized Again, Commvault Ranked Highest in Six out of Seven Use Cases in the 2023 Gartner® Critical Capabilities for Enterprise Backup and Recovery Software Solutions

September 21, 2023 | finance.yahoo.com

Commvault Named a Global Cloud Security Leader in 2023 Stratus Awards for Cloud Computing

October 1, 2023 | Legacy Research (Ad)

Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)

“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”

September 20, 2023 | finance.yahoo.com

Commvault Welcomes Industry Veteran Sarv Saravanan as Chief Customer Officer

September 13, 2023 | finance.yahoo.com

Commvault Continues to Lead in GigaOm Radar Report: Hybrid Cloud Data Protection for Large Enterprises

September 7, 2023 | fool.com

Commvault Systems (NASDAQ: CVLT)

September 1, 2023 | stocknews.com

Is there a Strong Potential for Growth for Robinhood Markets (HOOD) in September?

August 31, 2023 | msn.com

Commvault Systems (CVLT) Price Target Increased by 14.83% to 82.28

October 1, 2023 | Legacy Research (Ad)

Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)

August 22, 2023 | benzinga.com

CommVault Systems Insider Trades Send a Signal

August 22, 2023 | benzinga.com

CommVault Systems Recent Insider Activity

August 22, 2023 | finance.yahoo.com

Commvault's Groundbreaking Data Protection and Security Capabilities Now Available

August 17, 2023 | msn.com

DA Davidson Initiates Coverage of Commvault Systems (CVLT) with Buy Recommendation

August 17, 2023 | msn.com

Commvault Systems rises as DA Davidson starts coverage with buy rating

August 15, 2023 | finance.yahoo.com

Those who invested in Commvault Systems (NASDAQ:CVLT) three years ago are up 67%

August 9, 2023 | finance.yahoo.com

Commvault Named a Leader for 12th Consecutive Time in the 2023 Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions

August 3, 2023 | msn.com

Lake Street Maintains Commvault Systems (CVLT) Hold Recommendation

August 2, 2023 | insidermonkey.com

Commvault Systems, Inc. (NASDAQ:CVLT) Q1 2024 Earnings Call Transcript

August 1, 2023 | msn.com

CommVault Systems Non-GAAP EPS of $0.72 beats by $0.08, revenue of $198.2M beats by $1.01M

August 1, 2023 | markets.businessinsider.com

Commvault Announces Fiscal 2024 First Quarter Financial Results

August 1, 2023 | theglobeandmail.com

Commvault Systems's (NASDAQ:CVLT) Q1 Earnings Results: Revenue In Line With Expectations

August 1, 2023 | msn.com

Commvault Systems (CVLT) Surpasses Q1 Earnings and Revenue Estimates

August 1, 2023 | msn.com

Commvault (CVLT) Reports Q1 Earnings: What Key Metrics Have to Say

July 31, 2023 | theglobeandmail.com

What To Expect From Commvault Systems’ (CVLT) Q1 Earnings

July 27, 2023 | finance.yahoo.com

Commvault and AWS Expand Partnership through AWS ISV Workload Migration and Service Ready Programs

July 26, 2023 | msn.com

Commvault announces Metallic: Salesforce Backup, Recovery & Sandbox Seeding – Unlimited Storage on Salesforce AppExchange

July 13, 2023 | finance.yahoo.com

Commvault Announces Metallic: Salesforce Backup, Recovery & Sandbox Seeding - Unlimited Storage on Salesforce AppExchange, the World's Leading Enterprise Cloud Marketplace

See More Headlines

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CVLT Company Calendar

Last Earnings: 8/01/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Systems Software
Sector: Computer and Technology
Current Symbol: NASDAQ:CVLT
CUSIP: 20416610
CIK: 1169561
Web: www.commvault.com
Phone: (732) 870-4000
Fax: 732-870-4525
Employees: 2,779
Year Founded: 1996

Price Target and Rating

Average Stock Price Forecast: $77.60
High Stock Price Forecast: $86.00
Low Stock Price Forecast: $65.00
Forecasted Upside/Downside: +14.8%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.61)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 54.97
P/E Growth: N/A
Net Income: $-35,770,000.00
Net Margins: -3.40%
Pretax Margin: -0.39%
Return on Equity: 17.69%
Return on Assets: 4.99%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.32
Quick Ratio: 1.32

Sales & Book Value

Annual Sales: $784.59 million
Price / Sales: 3.78
Cash Flow: $1.48 per share
Price / Cash Flow: 45.56
Book Value: $4.18 per share
Price / Book: 16.17

Miscellaneous

Outstanding Shares: 43,880,000
Free Float: 43,436,000
Market Cap: $2.97 billion
Optionable: Optionable
Beta: 0.61

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Key Executives

Mr. Sanjay Mirchandani (Age 59)
Pres, CEO & Director
Comp: $1.13M

Mr. Gary Merrill (Age 48)
Chief Financial Officer
Comp: $591.37k

Mr. Riccardo Di Blasio (Age 51)
VP & Chief Revenue Officer
Comp: $834.18k

Mr. Brian Brockway
CTO & VP

Mr. Michael John Melnyk C.F.A.
Director of Investor Relations

Ms. Danielle K. Sheer (Age 42)
VP, Chief Legal & Compliance Officer and Corp. Sec.

Ms. Anna Griffin (Age 51)
Chief Marketing Officer

Ms. Martha Delehanty (Age 58)
Chief People Officer

Mr. Rajiv Kottomtharayil
VP & Chief Product Officer

Ms. Grace Ho
VP of ASEAN & Chief of Staff - APAC

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CVLT Stock - Frequently Asked Questions

Should I buy or sell Commvault Systems stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Commvault Systems in the last year. 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.
View CVLT analyst ratings or view top-rated stocks.
What is Commvault Systems' stock price forecast for 2023?: 6 Wall Street research analysts have issued twelve-month target prices for Commvault Systems' stock. Their CVLT share price forecasts range from $65.00 to $86.00. On average, they expect the company's share price to reach $77.60 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price.
View analysts price targets for CVLT or view top-rated stocks among Wall Street analysts.
How have CVLT shares performed in 2023?: Commvault Systems' stock was trading at $62.84 at the start of the year. Since then, CVLT stock has increased by 7.6% and is now trading at $67.61.
View the best growth stocks for 2023 here.
Are investors shorting Commvault Systems?: Commvault Systems saw a increase in short interest during the month of 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 trading volume of 258,500 shares, the short-interest ratio is presently 3.7 days. Currently, 2.2% of the company's shares are short sold.
View Commvault Systems' Short Interest.
When is Commvault Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our CVLT earnings forecast.
How were Commvault Systems' earnings last quarter?: Commvault Systems, Inc. (NASDAQ:CVLT) issued its quarterly earnings results on Tuesday, August, 1st. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.07. The software maker earned $198.15 million during the quarter, compared to analysts' expectations of $197.43 million. Commvault Systems had a positive trailing twelve-month return on equity of 17.69% and a negative net margin of 3.40%.
What ETFs hold Commvault Systems' stock?: 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).
What guidance has Commvault Systems issued on next quarter's earnings?: Commvault Systems issued an update on its second quarter 2024 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) 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.

What is Sanjay Mirchandani's approval rating as Commvault Systems' CEO?: 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.
What other stocks do shareholders of Commvault Systems own?: 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).
What is Commvault Systems' stock symbol?: Commvault Systems trades on the NASDAQ under the ticker symbol "CVLT."
How do I buy shares of Commvault Systems?: 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.
Compare Top Brokerages Here.
What is Commvault Systems' stock price today?: One share of CVLT stock can currently be purchased for approximately $67.61.
How much money does Commvault Systems make?: Commvault Systems (NASDAQ:CVLT) has a market capitalization of $2.97 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.
How many employees does Commvault Systems have?: The company employs 2,779 workers across the globe.
Does Commvault Systems have any subsidiaries?: The following companies are subsidiares of Commvault Systems: Advanced Data Life Cycle Management Inc., CV Simpana Software (Proprietary) Limited, Commvault Capital Inc., Commvault Software Technology (Beijing) Co. Ltd, Commvault System (Istanbul) Inc., Commvault System S.L.U., Commvault Systems (Australia) Pty. Ltd., Commvault Systems (Austria) GmbH, Commvault Systems (Canada) Inc., Commvault Systems (Hong Kong) Limited, Commvault Systems (India) Private Limited, Commvault Systems (Israel) Ltd., Commvault Systems (Japan) KK, Commvault Systems (Malaysia) Sdn. Bhd., Commvault Systems (New Zealand) Limited, Commvault Systems (Poland) sp. zo.o., Commvault Systems (Singapore) Private Limited, Commvault Systems (Switzerland) GmbH, Commvault Systems (Thailand) Ltd., Commvault Systems AB Srl, Commvault Systems Belgium BVBA, Commvault Systems GmbH, Commvault Systems International B.V., Commvault Systems Ireland Limited, Commvault Systems Italia Srl, Commvault Systems Limited, Commvault Systems Mexico S. de R.L. de C.V., Commvault Tinton Falls Urban Renewal LLC, and Hedvig.
Read More
How can I contact Commvault Systems?: 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.

This page (NASDAQ:CVLT) was last updated on 10/1/2023 by MarketBeat.com Staff

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Commvault Systems (CVLT) Stock Forecast, Price & News

Commvault Systems MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Commvault Systems (NASDAQ:CVLT) Stock

CVLT Price History

CVLT Stock News Headlines

CVLT Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

CVLT Stock - Frequently Asked Questions

Overall MarketRank^™