NASDAQ:CVLT - CommVault Systems Stock Price, News, & Analysis

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$64.51 -2.18 (-3.27 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$66.69
Today's Range$64.45 - $66.57
52-Week Range$51.53 - $72.65
Volume308,100 shs
Average Volume448,654 shs
Market Capitalization$2.96 billion
P/E Ratio-109.34
Dividend YieldN/A
Beta1.24
Commvault Systems, Inc. provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports. It also provides cloud and infrastructure management software solutions to manage storage hardware and virtual infrastructure; and retention and compliance software solutions that provide content based retention, enterprise search and e-discovery, email archiving, data loss prevention, and secure file sharing services. In addition, the company offers Commvault HyperScale, a cloud-ready on premises data management solution; and Commvault HyperScale software and appliances. Further, it provides customer support, consulting, assessment and design, installation, training, implementation and post-deployment, and education services. The company sells its software and services directly through its sales force to large enterprises, small and medium sized businesses, and government agencies, as well as indirectly through its network of value-added reseller partners, systems integrators, corporate resellers, and original equipment manufacturers. It licenses its software applications to customers in the banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utility, and energy industries. The company has strategic relationships with Atos, Cisco, Citrix, Fujitsu, Hewlett Packard Enterprise, Infinidat, Microsoft, Oracle, SAP, and VMware. Commvault Systems, Inc. was founded in 1988 and is headquartered in Tinton Falls, New Jersey.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustrySystems Software
SectorComputer and Technology
Current SymbolNASDAQ:CVLT
Previous Symbol
CUSIP20416610
CIK1169561
Webwww.commvault.com
Phone732-870-4000

Debt

Debt-to-Equity RatioN/A
Current Ratio2.04
Quick Ratio2.04

Price-To-Earnings

Trailing P/E Ratio-109.34
Forward P/E Ratio81.66
P/E Growth5.24

Sales & Book Value

Annual Sales$699.39 million
Price / Sales4.23
Cash Flow$0.0644 per share
Price / Cash Flow1,001.91
Book Value$8.99 per share
Price / Book7.18

Profitability

EPS (Most Recent Fiscal Year)($0.59)
Net Income$-61,900,000.00
Net Margins0.57%
Return on Equity5.78%
Return on Assets2.87%

Miscellaneous

Employees2,839
Outstanding Shares45,897,000
Market Cap$2.96 billion
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable

CommVault Systems (NASDAQ:CVLT) Frequently Asked Questions

What is CommVault Systems' stock symbol?

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

How will CommVault Systems' stock buyback program work?

CommVault Systems declared that its board has approved a share repurchase program on Thursday, January 25th 2018, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

How were CommVault Systems' earnings last quarter?

CommVault Systems, Inc. (NASDAQ:CVLT) released its quarterly earnings data on Tuesday, January, 29th. The software maker reported $0.54 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.42 by $0.12. The software maker earned $184.28 million during the quarter, compared to analyst estimates of $180.66 million. CommVault Systems had a net margin of 0.57% and a return on equity of 5.78%. CommVault Systems's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. View CommVault Systems' Earnings History.

When is CommVault Systems' next earnings date?

CommVault Systems is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for CommVault Systems.

What price target have analysts set for CVLT?

9 Wall Street analysts have issued 12-month target prices for CommVault Systems' stock. Their predictions range from $66.00 to $85.00. On average, they expect CommVault Systems' share price to reach $75.7143 in the next year. This suggests a possible upside of 17.4% from the stock's current price. View Analyst Price Targets for CommVault Systems.

What is the consensus analysts' recommendation for CommVault Systems?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CommVault Systems in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CommVault Systems.

What are Wall Street analysts saying about CommVault Systems stock?

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. " (1/25/2019)
  • 2. Mizuho analysts commented, "We expect heightened focus on execution from Commvault this quarter. Expect a largely in-line F4Q18. Rising subscription mix could create noise in results, though guidance likely captures it. License and total revenue could print ~$85-86mm (up 9-10% Y/Y) and $185-188mm (up 11-13% Y/Y) vs. consensus of $86mm and $187mm. Margin estimates of 13.2% seem reasonable. For billings, we expect results ~$200-205mm (up 7-9% Y/Y) as any subscription- based dampening effect shows up in better DR build; consensus is $199mm. For guidance, we expect reiteration of prior FY19 targets." (4/30/2018)

Has CommVault Systems been receiving favorable news coverage?

Headlines about CVLT stock have been trending neutral this week, InfoTrie reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. CommVault Systems earned a daily sentiment score of 0.5 on InfoTrie's scale. They also assigned press coverage about the software maker a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the company's share price in the immediate future.

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), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), United Rentals (URI), Transocean (RIG) and ALJ Regional (ALJJ).

Who are CommVault Systems' key executives?

CommVault Systems' management team includes the folowing people:
  • Mr. Brian Carolan, VP & CFO (Age 48)
  • Mr. Ronald Miiller, Sr. VP of Worldwide Sales (Age 52)
  • Mr. Sanjay Mirchandani, Pres, CEO & Director (Age 55)
  • Mr. Gary Merrill, Chief Accounting Officer & VP of Fin. (Age 44)
  • Mr. Brian Brockway, CTO & VP

Who are CommVault Systems' major shareholders?

CommVault Systems' stock is owned by many different of institutional and retail investors. Top institutional investors include Lunia Capital LP (36.26%), BlackRock Inc. (10.02%), FMR LLC (4.34%), Mackenzie Financial Corp (3.02%), ETF Managers Group LLC (1.94%) and Nomura Holdings Inc. (1.89%). 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, Robert F Kurimsky, Ronald L Miiller and Vivie Lee. View Institutional Ownership Trends for CommVault Systems.

Which institutional investors are selling CommVault Systems stock?

CVLT stock was sold by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, FMR LLC, Lunia Capital LP, Acadian Asset Management LLC, Millennium Management LLC, Two Sigma Investments LP, ETF Managers Group LLC and Nomura Holdings Inc.. Company insiders that have sold CommVault Systems company stock in the last year include Al Bunte, Brian Carolan, Gary B Smith, Gary Merrill, N Robert Hammer, Ronald L Miiller and Vivie Lee. View Insider Buying and Selling for CommVault Systems.

Which institutional investors are buying CommVault Systems stock?

CVLT stock was purchased by a variety of institutional investors in the last quarter, including Lunia Capital LP, Norges Bank, Intrinsic Edge Capital Management LLC, Prudential Financial Inc., Mackenzie Financial Corp, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP and BlackRock Inc.. View Insider Buying and Selling for CommVault Systems.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is CommVault Systems' stock price today?

One share of CVLT stock can currently be purchased for approximately $64.51.

How big of a company is CommVault Systems?

CommVault Systems has a market capitalization of $2.96 billion and generates $699.39 million in revenue each year. The software maker earns $-61,900,000.00 in net income (profit) each year or ($0.59) on an earnings per share basis. CommVault Systems employs 2,839 workers across the globe.

What is CommVault Systems' official website?

The official website for CommVault Systems is http://www.commvault.com.

How can I contact CommVault Systems?

CommVault Systems' mailing address is 1 COMMVAULT WAY, TINTON FALLS NJ, 07724. The software maker can be reached via phone at 732-870-4000 or via email at [email protected]


MarketBeat Community Rating for CommVault Systems (NASDAQ CVLT)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  408 (Vote Outperform)
Underperform Votes:  433 (Vote Underperform)
Total Votes:  841
MarketBeat's community ratings are surveys of what our community members think about CommVault Systems and other stocks. Vote "Outperform" if you believe CVLT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVLT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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