NASDAQ:CVLT - CommVault Systems Stock Price, Price Target & More

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

CommVault Systems announced that its Board of Directors has authorized a stock buyback program on Thursday, January 25th 2018, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

CommVault Systems, Inc. (NASDAQ:CVLT) announced its earnings results on Tuesday, May, 1st. The software maker reported $0.31 EPS for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.02. The software maker had revenue of $184.90 million for the quarter, compared to analysts' expectations of $187.01 million. CommVault Systems had a negative net margin of 8.85% and a negative return on equity of 0.12%. CommVault Systems's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. View CommVault Systems' Earnings History.

CommVault Systems is scheduled to release their next quarterly earnings announcement on Monday, July, 23rd 2018. View Earnings Estimates for CommVault Systems.

11 analysts have issued 1 year price objectives for CommVault Systems' shares. Their predictions range from $67.00 to $85.00. On average, they anticipate CommVault Systems' stock price to reach $75.10 in the next twelve months. View Analyst Ratings for CommVault Systems.

CommVault Systems saw a increase in short interest in May. As of May 31st, there was short interest totalling 1,404,576 shares, an increase of 35.2% from the May 15th total of 1,039,218 shares. Based on an average trading volume of 336,759 shares, the short-interest ratio is presently 4.2 days. Currently, 3.4% of the shares of the company are short sold.

Some companies that are related to CommVault Systems include SS&C Technologies (SSNC), Cadence Design Systems (CDNS), Veeva Systems (VEEV), PTC (PTC), Temenos Group (TMNSF), Momo (MOMO), Nutanix (NTNX), Docusign (DOCU), Tyler Technologies (TYL), The Ultimate Software Group (ULTI), Tableau Software Inc Class A (DATA), Trend Micro (TMICY), Micro Focus International (MFGP), Black Knight (BKI) and Guidewire Software (GWRE).

Media headlines about CVLT stock have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CommVault Systems earned a media sentiment score of 0.13 on Accern's scale. They also assigned press coverage about the software maker an impact score of 46.85 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

CommVault Systems' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.75%), ELLIOTT ASSOCIATES, L.P. (10.30%), ELLIOTT ASSOCIATES, L.P. (10.30%), ELLIOTT ASSOCIATES, L.P. (5.00%), Champlain Investment Partners LLC (3.21%) and ETF Managers Group LLC (2.16%). 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 and Ronald L Miiller. View Institutional Ownership Trends for CommVault Systems.

CVLT stock was sold by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, OppenheimerFunds Inc., Thrivent Financial for Lutherans, JPMorgan Chase & Co., Westfield Capital Management Co. LP, Champlain Investment Partners LLC, Broadview Advisors LLC and Engineers Gate Manager LP. Company insiders that have sold CommVault Systems company stock in the last year include Al Bunte, Armando Geday, Brian Carolan, David F Walker, Gary B Smith, Gary Merrill, N Robert Hammer and Robert F Kurimsky. View Insider Buying and Selling for CommVault Systems.

CVLT stock was bought by a variety of institutional investors in the last quarter, including ETF Managers Group LLC, Mesirow Financial Investment Management Equity Management, Point72 Asset Management L.P., Toronto Dominion Bank, Caisse DE Depot ET Placement DU Quebec, Natixis, Wells Fargo & Company MN and Prudential Financial Inc.. View Insider Buying and Selling for 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.

One share of CVLT stock can currently be purchased for approximately $71.25.

CommVault Systems has a market capitalization of $3.18 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.

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]