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 approved a stock repurchase program on Thursday, January 25th 2018, which authorizes the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

CommVault Systems, Inc. (NASDAQ:CVLT) issued 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 analyst estimates of $187.01 million. CommVault Systems had a negative net margin of 8.85% and a negative return on equity of 0.12%. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. 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 twelve-month price targets for CommVault Systems' stock. Their predictions range from $67.00 to $85.00. On average, they expect CommVault Systems' share price to reach $75.10 in the next twelve months. This suggests a possible upside of 8.6% 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 decline in short interest in the month of June. As of June 15th, there was short interest totalling 959,333 shares, a decline of 31.7% from the May 31st total of 1,404,576 shares. Based on an average daily trading volume, of 495,194 shares, the short-interest ratio is currently 1.9 days. Currently, 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 Cadence Design Systems (CDNS), Dropbox (DBX), Veeva Systems (VEEV), PTC (PTC), Temenos (TMNSF), Nutanix (NTNX), Tyler Technologies (TYL), Tableau Software Inc Class A (DATA), Momo (MOMO), The Ultimate Software Group (ULTI), Docusign (DOCU), Black Knight (BKI), Trend Micro (TMICY), Guidewire Software (GWRE) and Micro Focus International (MFGP).

Media coverage about CVLT stock has been trending somewhat positive on Wednesday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CommVault Systems earned a media sentiment score of 0.16 on Accern's scale. They also gave media headlines about the software maker an impact score of 46.60 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

CommVault Systems' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include ELLIOTT ASSOCIATES, L.P. (5.00%), Copper Rock Capital Partners LLC (0.85%), Retirement Systems of Alabama (0.42%), Bank of Montreal Can (0.34%), Westpac Banking Corp (0.18%) and Cambiar Investors LLC (0.16%). 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 Cambiar Investors LLC, Westpac Banking Corp, Retirement Systems of Alabama and Bank of Montreal Can. 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 purchased by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Tokio Marine Asset Management Co. Ltd., Fox Run Management L.L.C. and Oakbrook Investments 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 $69.15.

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]