About CommVault Systems (NASDAQ:CVLT)
Commvault Systems, Inc. (Commvault) is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data, and policy-based data management.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Software
- Sub-Industry: Systems Software
- Symbol: NASDAQ:CVLT
- CUSIP: 20416610
- Web: www.commvault.com
- Market Cap: $2.67 billion
- Outstanding Shares: 45,517,000
- 50 Day Moving Avg: $60.99
- 200 Day Moving Avg: $57.69
- 52 Week Range: $47.61 - $64.60
Sales & Book Value:
- Trailing P/E Ratio: 1027.19
- Foreward P/E Ratio: 40.10
- P/E Growth: 2.27
- Annual Revenue: $664.72 million
- Price / Sales: 4.01
- Book Value: $10.91 per share
- Price / Book: 5.37
- EBITDA: $9.35 million
- Net Margins: 0.35%
- Return on Equity: 0.30%
- Return on Assets: 0.17%
- Current Ratio: 2.22%
- Quick Ratio: 2.22%
- Average Volume: 312,506 shs.
- Beta: 1.4
- Short Ratio: 2.6
Frequently Asked Questions for CommVault Systems (NASDAQ:CVLT)
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 announced that its Board of Directors has authorized a share repurchase plan on Monday, April 10th 2017, which allows the company to buyback $0.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.
How were CommVault Systems' earnings last quarter?
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 firm had revenue of $165.97 million for the quarter, compared to analyst estimates of $159.92 million. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share. View CommVault Systems' Earnings History.
When will CommVault Systems make its next earnings announcement?
Where is CommVault Systems' stock going? Where will CommVault Systems' stock price be in 2017?
9 equities research analysts have issued 12-month target prices for CommVault Systems' shares. Their forecasts range from $61.00 to $75.00. On average, they anticipate CommVault Systems' stock price to reach $70.67 in the next year. View Analyst Ratings for CommVault Systems.
What are analysts saying about CommVault Systems stock?
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)
Who are some of CommVault Systems' key competitors?
Some companies that are related to CommVault Systems include Micro Focus International plc (MCRO), Nice Systems (NICE), Atlassian Corporation PLC (TEAM), 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), Coupa Software (COUP), Blackline (BL), Callidus Software (CALD), Gigamon (GIMO), Alteryx (AYX) and Bottomline Technologies (EPAY).
Who are CommVault Systems' key executives?
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
Who owns CommVault Systems stock?
CommVault Systems' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Mutual of America Capital Management LLC (0.38%), Barometer Capital Management Inc. (0.14%), State Treasurer State of Michigan (0.03%) and Crow Point Partners LLC (0.01%). 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.
Who sold CommVault Systems stock? Who is selling CommVault Systems stock?
CommVault Systems' stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan. 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.
Who bought CommVault Systems stock? Who is buying CommVault Systems stock?
CommVault Systems' stock was purchased by a variety of institutional investors in the last quarter, including Barometer Capital Management Inc., Mutual of America Capital Management LLC and Crow Point Partners LLC. View Insider Buying and Selling for CommVault Systems.
How do I buy CommVault Systems stock?
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.
What is CommVault Systems' stock price today?
MarketBeat Community Rating for CommVault Systems (NASDAQ CVLT)MarketBeat's community ratings are surveys of what our community members think about CommVault Systems and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of CommVault Systems stock can currently be purchased for approximately $58.55.
Consensus Ratings for CommVault Systems (NASDAQ:CVLT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 8 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.89)|
|Consensus Price Target: ||$70.67 (20.69% upside)|Consensus Price Target History for CommVault Systems (NASDAQ:CVLT)
Analysts' Ratings History for CommVault Systems (NASDAQ:CVLT)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/9/2017||Royal Bank Of Canada||Reiterated Rating||Hold||N/A|
|9/1/2017||Piper Jaffray Companies||Reiterated Rating||Buy||$74.00||Low|
|7/25/2017||Mitsubishi UFJ Financial Group||Set Price Target||Buy||$70.00||Medium|
|7/26/2017||Stifel Nicolaus||Reiterated Rating||Buy||$68.00 -> $75.00||Low|
|7/26/2017||Lake Street Capital||Boost Price Target||Buy -> Buy||$63.00 -> $69.00||High|
|7/25/2017||Jefferies Group LLC||Boost Price Target||Buy||$67.00 -> $75.00||High|
|7/24/2017||Mizuho||Reiterated Rating||Buy -> Buy||$70.00 -> $75.00||High|
|1/24/2017||BTIG Research||Reiterated Rating||Buy||$61.00||N/A|
|8/31/2016||JMP Securities||Reiterated Rating||Buy||N/A|
|7/27/2016||Pacific Crest||Boost Price Target||Overweight||$49.00 -> $53.00||N/A|
|7/5/2016||Summit Redstone||Reiterated Rating||Buy||$55.00||N/A|
|5/5/2016||Credit Suisse Group||Reiterated Rating||Hold||$40.00||N/A|
|1/27/2016||William Blair||Reiterated Rating||Outperform||N/A|
|1/15/2016||Sterne Agee CRT||Downgrade||Buy -> Neutral||$40.00||N/A|
|1/13/2016||Mitsubishi UFJ Financial Group Inc||Initiated Coverage||Overweight||N/A|
|10/28/2015||Macquarie||Boost Price Target||Neutral||$40.00 -> $42.00||N/A|
Earnings History for CommVault Systems (NASDAQ:CVLT)Earnings History by Quarter for CommVault Systems (NASDAQ CVLT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q1 2018||$0.19||$0.21||$159.92 million||$165.97 million||View||N/A|
|5/3/2017||Q4 2017||$0.02||$0.29||$166.32 million||$172.90 million||View||Listen|
|1/25/2017||Q317||$0.26||$0.28||$163.53 million||$165.80 million||View||N/A|
|10/25/2016||Q217||($0.03)||$0.25||$152.90 million||$159.30 million||View||Listen|
|7/26/2016||Q117||$0.17||$0.21||$149.15 million||$152.40 million||View||Listen|
|5/3/2016||Q416||$0.25||$0.36||$157.09 million||$159.60 million||View||Listen|
|1/27/2016||Q316||$0.20||$0.28||$148.33 million||$155.70 million||View||Listen|
|10/27/2015||Q216||$0.13||$0.15||$139.62 million||$140.70 million||View||Listen|
|7/28/2015||Q116||$0.02||($0.03)||$147.91 million||$139.10 million||View||Listen|
|5/5/2015||Q415||$0.11||$0.08||$155.95 million||$150.70 million||View||Listen|
|1/28/2015||Q315||$0.14||$0.13||$153.19 million||$153.00 million||View||Listen|
|10/28/2014||Q215||$0.45||$0.35||$157.74 million||$151.10 million||View||Listen|
|7/29/2014||Q115||$0.20||$0.27||$151.00 million||$152.60 million||View||Listen|
|4/25/2014||Q414||$0.47||$0.52||$160.05 million||$156.80 million||View||Listen|
|1/29/2014||Q314||$0.44||$0.54||$148.95 million||$153.30 million||View||Listen|
|10/29/2013||Q214||$0.40||$0.48||$140.11 million||$141.90 million||View||Listen|
|7/30/2013||Q1 2014||$0.35||$0.40||$132.24 million||$134.40 million||View||Listen|
|5/7/2013||Q4 2013||$0.34||$0.41||$133.41 million||$138.30 million||View||Listen|
|1/30/2013||Q3 2013||$0.32||$0.39||$122.67 million||$128.10 million||View||Listen|
|10/29/2012||Q213||$0.28||$0.38||$115.68 million||$118.20 million||View||N/A|
Earnings Estimates for CommVault Systems (NASDAQ:CVLT)
2017 EPS Consensus Estimate: $0.01
2018 EPS Consensus Estimate: $0.26
2019 EPS Consensus Estimate: $0.43
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for CommVault Systems (NASDAQ:CVLT)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for CommVault Systems (NASDAQ:CVLT)
Insider Ownership Percentage: 13.40%Insider Trades by Quarter for CommVault Systems (NASDAQ:CVLT)
Institutional Ownership Percentage: 88.46%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/9/2017||Gary Merrill||Insider||Sell||7,260||$62.28||$452,152.80|| |
|10/2/2017||Brian Carolan||VP||Sell||4,000||$61.90||$247,600.00|| |
|8/15/2017||Gary Merrill||Insider||Sell||3,072||$59.01||$181,278.72|| |
|8/14/2017||Brian Carolan||VP||Sell||9,174||$59.80||$548,605.20|| |
|8/4/2017||Al Bunte||Insider||Sell||30,001||$60.01||$1,800,360.01|| |
|7/25/2017||Brian Carolan||VP||Sell||8,000||$62.95||$503,600.00|| |
|7/17/2017||Brian Carolan||VP||Sell||4,000||$59.90||$239,600.00|| |
|6/23/2017||Gary Merrill||Insider||Sell||15,000||$57.51||$862,650.00|| |
|5/23/2017||Gary Merrill||Insider||Sell||5,246||$55.06||$288,844.76|| |
|5/22/2017||Armando Geday||Director||Sell||7,500||$55.56||$416,700.00|| |
|5/10/2017||Ronald L Miiller||SVP||Sell||90,500||$57.50||$5,203,750.00|| |
|5/9/2017||Brian Carolan||VP||Sell||15,877||$57.69||$915,944.13|| |
|5/3/2017||Al Bunte||Insider||Sell||34,607||$55.60||$1,924,149.20|| |
|5/3/2017||Brian Carolan||VP||Sell||5,000||$56.35||$281,750.00|| |
|2/15/2017||Brian Carolan||VP||Sell||444||$50.63||$22,479.72|| |
|2/15/2017||Gary Merrill||Insider||Sell||1,467||$50.72||$74,406.24|| |
|2/7/2017||Brian Carolan||VP||Sell||9,508||$50.70||$482,055.60|| |
|2/3/2017||Al Bunte||Insider||Sell||50,000||$50.00||$2,500,000.00|| |
|1/30/2017||Gary B Smith||Director||Sell||7,500||$49.81||$373,575.00|| |
|11/25/2016||Gary Merrill||Insider||Sell||3,525||$55.40||$195,285.00|| |
|11/21/2016||Brian Carolan||VP||Sell||7,000||$56.40||$394,800.00|| |
|11/8/2016||Ronald L Miiller||SVP||Sell||21,152||$52.92||$1,119,363.84|| |
|8/15/2016||Gary Merrill||Insider||Sell||255||$51.15||$13,043.25|| |
|8/8/2016||Ronald L Miiller||SVP||Sell||31,727||$50.44||$1,600,309.88|| |
|5/23/2016||Armando Geday||Director||Sell||2,200||$44.41||$97,702.00|| |
|5/23/2016||Gary Merrill||CAO||Sell||1,037||$44.23||$45,866.51|| |
|5/11/2016||Brian Carolan||CFO||Sell||4,000||$43.80||$175,200.00|| |
|5/3/2016||Brian Carolan||CFO||Sell||4,000||$45.90||$183,600.00|| |
|4/18/2016||Brian Carolan||CFO||Sell||4,000||$43.90||$175,600.00|| |
|2/17/2016||Brian Carolan||CFO||Sell||622||$36.35||$22,609.70|| |
|2/1/2016||David F Walker||Director||Sell||5,200||$38.50||$200,200.00|| |
|12/2/2015||Brian Carolan||CFO||Sell||4,000||$41.90||$167,600.00|| |
|11/17/2015||Armando Geday||Director||Sell||3,500||$39.70||$138,950.00|| |
|8/18/2015||N Robert Hammer||CEO||Sell||140,434||$37.44||$5,257,848.96|| |
|8/17/2015||Al Bunte||COO||Sell||76,000||$37.89||$2,879,640.00|| |
|5/21/2015||N Robert Hammer||CEO||Sell||100,000||$46.03||$4,603,000.00|| |
|2/2/2015||Dan Pulver||Director||Sell||10,000||$42.37||$423,700.00|| |
|8/7/2014||Gary Merrill||CAO||Sell||290||$51.64||$14,975.60|| |
|5/14/2014||Robert Kurimsky||Director||Buy||4,000||$49.98||$199,920.00|| |
|5/2/2014||Frank Fanzilli||Director||Buy||3,000||$49.79||$149,370.00|| |
|4/29/2014||N Robert Hammer||CEO||Sell||131,494||$45.98||$6,046,094.12|| |
|3/21/2014||David West||SVP||Sell||18,878||$70.00||$1,321,460.00|| |
|3/21/2014||N Robert Hammer||CEO||Sell||6,686||$70.00||$468,020.00|| |
|2/18/2014||N Robert Hammer||CEO||Sell||113,481||$69.02||$7,832,458.62|| |
|9/20/2013||Louis Miceli||VP||Sell||7,091||$87.95||$623,653.45|| |
|8/20/2013||Frank Fanzilli||Director||Sell||4,000||$83.22||$332,880.00|| |
|8/5/2013||Al Bunte||COO||Sell||30,000||$87.22||$2,616,600.00|| |
|8/2/2013||Ronald Miiller||SVP||Sell||72,501||$86.18||$6,248,136.18|| |
|7/30/2013||Gary Merrill||CAO||Sell||1,219||$85.00||$103,615.00|| |
|5/22/2013||Al Bunte||COO||Sell||12,492||$73.78||$921,659.76|| |
Headline Trends for CommVault Systems (NASDAQ:CVLT)
Latest Headlines for CommVault Systems (NASDAQ:CVLT)
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CommVault Systems (CVLT) Chart for Sunday, October, 22, 2017