CommVault Systems Company Profile (NASDAQ:CVLT)

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

CommVault Systems announced that its Board of Directors has authorized a stock repurchase program on Monday, April 10th 2017, which allows the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

CommVault Systems, Inc. (NASDAQ:CVLT) released its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.27. The business earned $172.90 million during the quarter, compared to the consensus estimate of $166.32 million. CommVault Systems had a negative return on equity of 0.53% and a net margin of 0.49%. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share. View CommVault Systems' Earnings History.

10 equities research analysts have issued 12 month price targets for CommVault Systems' shares. Their forecasts range from $53.00 to $68.00. On average, they expect CommVault Systems' stock price to reach $59.44 in the next twelve months. View Analyst Ratings for CommVault Systems.

Here are some recent quotes from research analysts about CommVault Systems stock:

• 1. According to Zacks Investment Research, "CommVault provides Unified Data Management solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. The CommVault QiNetix platform, based on CommVault's Common Technology Engine, integrates Galaxy backup and recovery, snapshot management and recovery, remote replication, active data migration and archiving, e-mail compliance, enterprise service level management and reporting and storage resource management software solutions. The QiNetix unified approach is designed to allow customers to add integrate QiNetix components, at a fraction of the time, effort and money required by separate point products. " (3/28/2017)
• 2. Stifel Nicolaus analysts commented, "Although Commvault's F2018 EBIT margin (%) outlook results in downward / tempered earnings est., and we think the implied slower billings growth will be a focus (guide implies +4% y/y in F4Q17), we continue to believe the following as positive: 1.) Continued positive funnel / pipeline commentary; we believe Commvault's views F4Q17 license rev. est. are reasonable factors in conservative funnel closure rates on expanding large deal opportunities, 2.) Commvault's competitive positioning and asset scarcity value (hybrid/scalable unified data mgmt; indexing capabilities) - +600 new customers = strongest seq. add since Dec '12 qtr; company to intro significant new product enhancements in early-February, 3.) cloud momentum: PBs managed in public cloud +250% y/y; Microsoft Azure, AWS, and forthcoming Oracle relationship remain positives; 4.) expanding adjacent opportunity expansion + distribution partnerships (Microsoft, Amazon, Oracle, Cisco, global SIs etc.). While we reduce our F2018 estimates from $702.5M/$1.40 (previously 15.5% EBIT%) to $697.7M/$1.14 (now 12.7% EBIT%), our F2019 estimates are relatively unchanged at $780.3M/$1.50. We continue to believe Commvault can return to 15%+ top-line growth w/ a +20% EBIT% (now modeled exiting F2019)." (1/25/2017)

Some companies that are related to CommVault Systems include SolarWinds (SWI), Proofpoint (PFPT), Paycom Software (PAYC), Solera Holdings (SLH), Ellie Mae (ELLI), Manhattan Associates (MANH), RealPage (RP), FireEye (FEYE), RingCentral (RNG), HubSpot (HUBS), Zendesk (ZEN), Box (BOX), Paylocity Holding Corp (PCTY), New Relic (NEWR), Stamps.com (STMP), Luxoft Holding (LXFT), Cornerstone OnDemand (CSOD) and Allscripts Healthcare Solutions (MDRX).

CommVault Systems' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.45%), Vanguard Group Inc. (7.47%), Bank of New York Mellon Corp (4.71%), Victory Capital Management Inc. (3.32%), State Street Corp (3.06%) and Mackenzie Financial Corp (2.93%). Company insiders that own CommVault Systems stock include Al Bunte, Armando Geday, Brian Carolan, David F Walker, Gary B Smith, Gary Merrill, N Robert Hammer and Ronald L Miiller. View Institutional Ownership Trends for CommVault Systems.

CommVault Systems' stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Wells Fargo & Company MN, Bank of New York Mellon Corp, Russell Investments Group Ltd., Morgan Stanley, Parametric Portfolio Associates LLC, Kornitzer Capital Management Inc. KS and State of New Jersey Common Pension Fund D. Company insiders that have sold CommVault Systems stock in the last year include Al Bunte, Armando Geday, Brian Carolan, Gary B Smith, Gary Merrill and Ronald L Miiller. View Insider Buying and Selling for CommVault Systems.

CommVault Systems' stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Credit Suisse AG, Citadel Advisors LLC, Champlain Investment Partners LLC, Kennedy Capital Management Inc., Vanguard Group Inc., Canada Pension Plan Investment Board and MARSHALL WACE ASIA Ltd. View Insider Buying and Selling for CommVault Systems.

Shares of CommVault Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CommVault Systems stock can currently be purchased for approximately $55.40.