Commvault Systems Stock Price, News & Analysis (NASDAQ:CVLT)

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commvault Systems in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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5 analysts have issued 12 month price objectives for Commvault Systems' shares. Their CVLT share price targets range from $65.00 to $86.00. On average, they anticipate the company's share price to reach $77.60 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
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Commvault Systems' stock was trading at $62.84 at the start of the year. Since then, CVLT shares have increased by 19.9% and is now trading at $75.37.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.
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Commvault Systems, Inc. (NASDAQ:CVLT) released its earnings results on Tuesday, October, 31st. The software maker reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.04. The software maker had revenue of $201 million for the quarter, compared to analysts' expectations of $195.47 million. Commvault Systems had a positive trailing twelve-month return on equity of 23.96% and a negative net margin of 2.28%.

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).

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' stock is owned by a number of institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (4.37%), Morgan Stanley (2.96%), Acadian Asset Management LLC (2.86%), Invesco Ltd. (1.44%), Northern Trust Corp (1.43%) and Lord Abbett & CO. LLC (1.27%). Insiders that own company stock include Allison Pickens, Blasio Riccardo Di, Brian Carolan, David F Walker, Gary B Smith, Gary Merrill, James J Whalen, Martha Helena Bejar, Sanjay Mirchandani and Vivie Lee.
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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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