NASDAQ:CVLTCommVault Systems Stock Price, Forecast & News

CommVault Systems' stock was trading at $35.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CVLT stock has increased by 1.0% and is now trading at $36.09. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CommVault Systems in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CommVault Systems.

CommVault Systems is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for CommVault Systems.

CommVault Systems, Inc. (NASDAQ:CVLT) released its quarterly earnings results on Tuesday, May, 12th. The software maker reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.08. The software maker earned $164.80 million during the quarter, compared to analyst estimates of $173.03 million. CommVault Systems had a positive return on equity of 5.00% and a negative net margin of 0.84%. The business's revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. View CommVault Systems' earnings history.

CommVault Systems updated its first quarter 2021 Pre-Market earnings guidance on Tuesday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $150-155 million, compared to the consensus revenue estimate of $164.59 million.

5 equities research analysts have issued 1 year target prices for CommVault Systems' stock. Their forecasts range from $44.00 to $59.00. On average, they expect CommVault Systems' stock price to reach $50.20 in the next year. This suggests a possible upside of 39.1% from the stock's current price. View analysts' price targets for CommVault Systems.

Headlines about CVLT stock have been trending extremely negative recently, InfoTrie reports. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. CommVault Systems earned a media sentiment score of -4.5 on InfoTrie's scale. They also assigned news headlines about the software maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutCommVault Systems.

CommVault Systems saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,990,000 shares, a decrease of 40.4% from the April 30th total of 3,340,000 shares. Based on an average daily volume of 761,700 shares, the short-interest ratio is currently 2.6 days. Currently, 4.7% of the company's shares are short sold. View CommVault Systems' Current Options Chain.

Some companies that are related to CommVault Systems include Microsoft (MSFT), Oracle (ORCL), ServiceNow (NOW), VMware (VMW), Fortinet (FTNT), Symantec (SYMC), Proofpoint (PFPT), Qualys (QLYS), Progress Software (PRGS), TiVo (TIVO) and FalconStor Software (FALC). View all competitors.

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).

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

CommVault Systems' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.87%), Starboard Value LP (9.91%), Alliancebernstein L.P. (7.54%), Mackenzie Financial Corp (4.73%), State Street Corp (2.91%) and Morgan Stanley (1.96%). Company insiders that own CommVault Systems stock include Al Bunte, Brian Carolan, Gary B Smith, Gary Merrill, James J Whalen, N Robert Hammer, Ronald L Miiller and Vivie Lee. View institutional ownership trends for CommVault Systems.

CVLT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Two Sigma Investments LP, AQR Capital Management LLC, WINTON GROUP Ltd, JPMorgan Chase & Co., Silvercrest Asset Management Group LLC, Deutsche Bank AG, and BlackRock Inc.. Company insiders that have sold CommVault Systems company stock in the last year include Al Bunte, Brian Carolan, and James J Whalen. View insider buying and selling activity for CommVault Systems.

CVLT stock was acquired by a variety of institutional investors in the last quarter, including Starboard Value LP, Alliancebernstein L.P., Nuveen Asset Management LLC, The Manufacturers Life Insurance Company , Chartwell Investment Partners LLC, Federated Hermes Inc., Healthcare of Ontario Pension Plan Trust Fund, and Weiss Multi Strategy Advisers LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of CVLT stock can currently be purchased for approximately $36.09.

CommVault Systems has a market capitalization of $1.68 billion and generates $670.89 million in revenue each year. The software maker earns $-5,640,000.00 in net income (profit) each year or $0.43 on an earnings per share basis. CommVault Systems employs 2,559 workers across the globe.

The official website for CommVault Systems is www.commvault.com.

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]