CommVault Systems Company Profile (NASDAQ:CVLT)

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

CommVault Systems announced that its board has approved a stock repurchase plan 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 purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

CommVault Systems, Inc. (NASDAQ:CVLT) released its quarterly earnings data on Tuesday, July, 25th. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.02. The business earned $165.97 million during the quarter, compared to the consensus estimate of $159.92 million. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. View CommVault Systems' Earnings History.

CommVault Systems is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for CommVault Systems.

9 analysts have issued twelve-month target prices for CommVault Systems' stock. Their forecasts range from $61.00 to $75.00. On average, they anticipate CommVault Systems' stock price to reach $70.67 in the next twelve months. View Analyst Ratings for CommVault Systems.

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

• 1. Mizuho analysts commented, "We expect software revenues of $72-74mm (+14-17% Y/Y) vs. consensus of $72mm while total revenues could come in around $160-164mm (up 5-8% Y/Y or down 2-4% Q/Q) vs. consensus of $160mm. For profitability, we think consensus margin/ EPS expectations of around 9%/$0.19 are reasonable. Billings estimates of $160mm (implying no sequential DR growth) could be conservative; that said, CFFO expectations of $34mm could be slightly on the higher end, though, still achievable. Click here for our detailed preview and model. Checks suggest ongoing large deal momentum. Our conversations indicate that the competitive environment remains tilted in CVLT’s favor, with some displacements of Veritas during the quarter. On discounting, Dell-EMC remains aggressive; however, CVLT continues to exercise price discipline, in our view, with incremental discounting to compete for the largest deals." (7/24/2017)
• 2. 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. " (7/19/2017)
• 3. 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 The Ultimate Software Group (ULTI), National Instruments Corporation (NATI), Micro Focus International plc (MCRO), Nuance Communications (NUAN), Blackbaud (BLKB), Solera Holdings (SLH), FireEye (FEYE), Playtech PLC (PTEC), Okta (OKTA), Paylocity Holding Corporation (PCTY), Alarm.com Holdings (ALRM), Progress Software Corporation (PRGS), Blackline (BL), Callidus Software (CALD), Coupa Software (COUP), Gigamon (GIMO), MINDBODY (MB) and Bottomline Technologies (EPAY).

CommVault Systems' management team includes the folowing people:

• Neil Robert Hammer, Chairman of the Board, President, Chief Executive Officer
• Brian Carolan, Chief Financial Officer, Vice President - Finance
• Alan G. Bunte, Chief Operating Officer, Executive Vice President, Director
• Ronald L. Miiller, Senior Vice President - Worldwide Sales
• Daniel Pulver, Lead Independent Director
• Joseph F. Eazor, Independent Director
• Frank J. Fanzilli Jr., Independent Director
• Armando A. Geday, Independent Director
• Keith B. Geeslin, Independent Director

CommVault Systems' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.41%), Vanguard Group Inc. (7.43%), Renaissance Technologies LLC (3.42%), State Street Corp (3.14%), Bank of New York Mellon Corp (2.85%) and Victory Capital Management Inc. (2.28%). Company insiders that own CommVault Systems stock include Al Bunte, Armando Geday, Brian Carolan, David F Walker, Gary B Smith, Gary Merrill 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 Bank of New York Mellon Corp, Victory Capital Management Inc., Park Presidio Capital LLC, Arrowstreet Capital Limited Partnership, Thrivent Financial For Lutherans, Jennison Associates LLC, Convergence Investment Partners LLC and Voya Investment Management LLC. 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 FMR LLC, Renaissance Technologies LLC, Eagle Asset Management Inc., Prudential Financial Inc., Ameriprise Financial Inc., Quantitative Investment Management LLC, Westfield Capital Management Co. LP and Ardevora Asset Management LLP. 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 $60.85.