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NASDAQ:CVLT

Commvault Systems (CVLT) Stock Forecast, Price & News

$67.49
-0.27 (-0.40%)
(As of 01:38 PM ET)
Compare
Today's Range
$67.44
$68.52
50-Day Range
$67.56
$77.93
52-Week Range
$51.65
$78.80
Volume
63,539 shs
Average Volume
306,276 shs
Market Capitalization
$2.96 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$77.60

Commvault Systems MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
15.0% Upside
$77.60 Price Target
Short Interest
Healthy
2.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.88
Upright™ Environmental Score
News Sentiment
1.06mentions of Commvault Systems in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.38 M Sold Last Quarter
Proj. Earnings Growth
-1.63%
From $1.23 to $1.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.90 out of 5 stars

Computer And Technology Sector

446th out of 584 stocks

Prepackaged Software Industry

155th out of 206 stocks


CVLT stock logo

About Commvault Systems (NASDAQ:CVLT) Stock

Commvault Systems, Inc. provides data protection platform that helps customers to secure, defend, and recover their data 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; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls. It also provides Commvault HyperScale X, an easy-to-deploy scale-out solution; and Metallic Recovery Reserve, an easy button to adopt secure and scalable cloud storage in minutes. In addition, the company provides technology consulting, Ransomware recovery, 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 customer support, consulting, assessment and design, and installation services, as well as customer education and 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 or med-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 Price History

CVLT Stock News Headlines

Windfall profits possible with this under-the-radar lithium stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Commvault Systems (NASDAQ: CVLT)
Windfall profits possible with this under-the-radar lithium stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
CommVault Systems Insider Trades Send a Signal
CommVault Systems Recent Insider Activity
Commvault Announces Fiscal 2024 First Quarter Financial Results
See More Headlines
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CVLT Company Calendar

Last Earnings
8/01/2023
Today
9/27/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Systems Software
Current Symbol
NASDAQ:CVLT
CUSIP
20416610
Employees
2,779
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$77.60
High Stock Price Forecast
$86.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+14.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$-35,770,000.00
Pretax Margin
-0.39%

Debt

Sales & Book Value

Annual Sales
$784.59 million
Cash Flow
$1.46 per share
Book Value
$4.18 per share

Miscellaneous

Free Float
43,436,000
Market Cap
$2.97 billion
Optionable
Optionable
Beta
0.61

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Key Executives

  • Mr. Sanjay MirchandaniMr. Sanjay Mirchandani (Age 59)
    Pres, CEO & Director
    Comp: $1.13M
  • Mr. Gary Merrill (Age 48)
    Chief Financial Officer
    Comp: $591.37k
  • Mr. Riccardo Di Blasio (Age 51)
    VP & Chief Revenue Officer
    Comp: $834.18k
  • Mr. Brian Brockway
    CTO & VP
  • Mr. Michael John Melnyk C.F.A.
    Director of Investor Relations
  • Ms. Danielle K. Sheer (Age 42)
    VP, Chief Legal & Compliance Officer and Corp. Sec.
  • Ms. Anna Griffin (Age 51)
    Chief Marketing Officer
  • Ms. Martha Delehanty (Age 58)
    Chief People Officer
  • Mr. Rajiv Kottomtharayil
    VP & Chief Product Officer
  • Ms. Grace Ho
    VP of ASEAN & Chief of Staff - APAC













CVLT Stock - 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 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.

What is Commvault Systems' stock price forecast for 2023?

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.
View analysts price targets for CVLT
or view top-rated stocks among Wall Street analysts.

How have CVLT shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Commvault Systems?

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
.

When is Commvault Systems' next earnings date?

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

How were Commvault Systems' earnings last quarter?

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%.

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

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.

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

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.

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."

Who are Commvault Systems' major shareholders?

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
.

How do I buy shares of Commvault Systems?

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.
Compare Top Brokerages Here.

What is Commvault Systems' stock price today?

One share of CVLT stock can currently be purchased for approximately $67.78.

How much money does Commvault Systems make?

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.

How many employees does Commvault Systems have?

The company employs 2,779 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
How can I contact Commvault Systems?

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.

This page (NASDAQ:CVLT) was last updated on 9/27/2023 by MarketBeat.com Staff

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