Commvault Systems (CVLT) Stock Forecast, Price & News

6 Wall Street 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 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.

6 equities research analysts have issued 1-year price objectives for Commvault Systems' stock. Their CVLT share price forecasts range from $65.00 to $86.00. On average, they predict the company's stock price to reach $77.60 in the next year. This suggests a possible upside of 14.5% 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 stock has increased by 7.9% and is now trading at $67.78.
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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 daily trading volume, of 258,500 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.2% of the shares of the stock are short sold.
View Commvault Systems' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our CVLT earnings forecast.

Commvault Systems, Inc. (NASDAQ:CVLT) announced its quarterly earnings results on Tuesday, August, 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.07. The software maker earned $198.15 million during the quarter, compared to analyst estimates 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%.

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 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.

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."

Commvault Systems' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.72%), Mackenzie Financial Corp (4.34%), Alliancebernstein L.P. (3.94%), Renaissance Technologies LLC (3.68%), State Street Corp (3.59%) and Acadian Asset Management LLC (3.00%). 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.
View institutional ownership trends.

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 $67.78.

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.

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.