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S&P 500   3,825.33
DOW   31,097.26
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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:CVLT

Commvault Systems Stock Forecast, Price & News

$64.08
+1.18 (+1.88%)
(As of 07/1/2022 03:59 PM ET)
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Today's Range
$62.54
$64.10
50-Day Range
$56.77
$65.99
52-Week Range
$55.72
$84.22
Volume
6,961 shs
Average Volume
255,324 shs
Market Capitalization
$2.86 billion
P/E Ratio
90.25
Dividend Yield
N/A
Price Target
$79.60

Commvault Systems MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
24.2% Upside
$79.60 Price Target
Short Interest
Healthy
3.41% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.75
Upright™ Environmental Score
News Sentiment
1.43mentions of Commvault Systems in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$2.25 M Sold Last Quarter
Proj. Earnings Growth
22.77%
From $1.01 to $1.24 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.41 out of 5 stars

Computer And Technology Sector

178th out of 936 stocks

Prepackaged Software Industry

43rd out of 302 stocks

30 days | 90 days | 365 days | Advanced Chart

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Commvault Systems logo

About Commvault Systems (NASDAQ:CVLT) Stock

Commvault Systems, Inc. provides data protection and information management software applications and related services 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; and Commvault Complete Data Protection, a data protection solution. It also provides Commvault HyperScale X, an easy-to-deploy scale-out solution; Commvault Distributed Storage Platform that offers software-defined storage built on a hyperscale architecture; Metallic Cloud Storage service, which is the easy button to adopt secure and scalable cloud storage; and Metallic Software-as-a-Service. In addition, the company provides technology and business consulting, 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 professional and customer support services that include data management-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 and medium 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 Stock News Headlines

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Commvault Systems Tops Q4 EPS by 12c
Commvault Announces CFO Transition
CommVault Systems FQ4 2022 Earnings Preview
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Will Zendesk Continue to Outperform in 2022?
See More Headlines

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Systems Software
Current Symbol
NASDAQ:CVLT
CUSIP
20416610
Employees
2,848
Year Founded
1996

Company Calendar

Last Earnings
5/03/2022
Today
7/05/2022
Next Earnings (Estimated)
7/26/2022
Fiscal Year End
3/31/2023

Price Target and Rating

Average Stock Price Forecast
$79.60
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
+24.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.5
Research Coverage
6 Analysts

Profitability

Net Income
$33.62 million
Pretax Margin
5.64%

Debt

Sales & Book Value

Annual Sales
$769.59 million
Cash Flow
$1.63 per share
Book Value
$5.74 per share

Miscellaneous

Free Float
44,161,000
Market Cap
$2.86 billion
Optionable
Optionable
Beta
0.60

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Commvault Systems Frequently Asked Questions

Should I buy or sell Commvault Systems stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commvault Systems in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Commvault Systems stock.
View analyst ratings for Commvault Systems
or view top-rated stocks.

What is Commvault Systems' stock price forecast for 2022?

6 brokers have issued 12-month target prices for Commvault Systems' stock. Their CVLT stock forecasts range from $68.00 to $90.00. On average, they predict Commvault Systems' stock price to reach $79.60 in the next twelve months. This suggests a possible upside of 24.2% from the stock's current price.
View analysts' price targets for Commvault Systems
or view top-rated stocks among Wall Street analysts.

How has Commvault Systems' stock price performed in 2022?

Commvault Systems' stock was trading at $68.92 at the beginning of the year. Since then, CVLT shares have decreased by 7.0% and is now trading at $64.08.
View the best growth stocks for 2022 here
.

When is Commvault Systems' next earnings date?

Commvault Systems is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for Commvault Systems
.

How were Commvault Systems' earnings last quarter?

Commvault Systems, Inc. (NASDAQ:CVLT) released its earnings results on Tuesday, May, 3rd. The software maker reported $0.32 EPS for the quarter, topping the consensus estimate of $0.20 by $0.12. The software maker earned $205.95 million during the quarter, compared to the consensus estimate of $201.98 million. Commvault Systems had a trailing twelve-month return on equity of 15.55% and a net margin of 4.37%. Commvault Systems's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share.
View Commvault Systems' earnings history
.

What guidance has Commvault Systems issued on next quarter's earnings?

Commvault Systems updated its first quarter 2023 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $195.00 million-$195.00 million, compared to the consensus revenue estimate of $193.83 million.

Who are Commvault Systems' key executives?

Commvault Systems' management team includes the following people:
  • Mr. Sanjay Mirchandani, Pres, CEO & Director (Age 58, Pay $1.67M) (LinkedIn Profile)
  • Mr. Brian Carolan, VP & CFO (Age 51, Pay $776.36k)
  • Mr. Riccardo Di Blasio, VP & Chief Revenue Officer (Age 49, Pay $999.63k)
  • Mr. James Whalen, VP of Fin. & Chief Accounting Officer (Age 41) (LinkedIn Profile)
  • Mr. Brian Brockway, CTO & VP
  • Mr. Michael John Melnyk C.F.A., Director of Investor Relations
  • Ms. Danielle K. Sheer, Chief Legal & Compliance Officer (Age 41)
  • Ms. Isabelle Guis, Chief Marketing Officer
  • Ms. Martha Delehanty, Chief People Officer (Age 57)
  • Mr. Gary Merrill, Chief of Bus. Operations (Age 47) (LinkedIn Profile)

What is Sanjay Mirchandani's approval rating as Commvault Systems' CEO?

70 employees have rated Commvault Systems CEO Sanjay Mirchandani on Glassdoor.com. Sanjay Mirchandani has an approval rating of 66% among Commvault Systems' employees.

Who are some of Commvault Systems' key competitors?

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 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 $64.08.

How much money does Commvault Systems make?

Commvault Systems (NASDAQ:CVLT) has a market capitalization of $2.86 billion and generates $769.59 million in revenue each year. The software maker earns $33.62 million in net income (profit) each year or $0.71 on an earnings per share basis.

How many employees does Commvault Systems have?

Commvault Systems employs 2,848 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

When was Commvault Systems founded?

Commvault Systems was founded in 1996.

How can I contact Commvault Systems?

Commvault Systems' mailing address is 1 COMMVAULT WAY, TINTON FALLS NJ, 07724. The official website for Commvault Systems 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 7/5/2022 by MarketBeat.com Staff

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