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 has approved a share buyback plan on Thursday, January 25th 2018, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

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

CommVault Systems is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for CommVault Systems.

11 equities research analysts have issued 1 year price targets for CommVault Systems' shares. Their forecasts range from $67.00 to $85.00. On average, they anticipate CommVault Systems' share price to reach $75.10 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price. View Analyst Ratings for CommVault Systems.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CommVault Systems in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

CommVault Systems saw a drop in short interest during the month of June. As of June 15th, there was short interest totalling 959,333 shares, a drop of 31.7% from the May 31st total of 1,404,576 shares. Based on an average trading volume of 495,194 shares, the short-interest ratio is currently 1.9 days. Approximately 2.3% of the company's shares are sold short. View CommVault Systems' Current Options Chain.

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

News stories about CVLT stock have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CommVault Systems earned a coverage optimism score of 0.20 on Accern's scale. They also assigned headlines about the software maker an impact score of 46.13 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

CommVault Systems' stock is owned by a variety of of retail and institutional investors. Top institutional investors include ELLIOTT ASSOCIATES, L.P. (5.00%) and Copper Rock Capital Partners LLC (0.85%). 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 bought by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC. 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 $69.70.

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]