Commvault Systems (CVLT) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Commvault Systems in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CVLT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVLT, but not buy additional shares or sell existing shares.
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5 Wall Street analysts have issued 1-year target prices for Commvault Systems' shares. Their CVLT share price forecasts range from $64.00 to $86.00. On average, they anticipate the company's share price to reach $71.20 in the next year. This suggests a possible upside of 2.2% from the stock's current price.
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Commvault Systems' stock was trading at $62.84 at the beginning of 2023. Since then, CVLT stock has increased by 10.9% and is now trading at $69.69.
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Commvault Systems saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,000,000 shares, an increase of 15.3% from the April 30th total of 867,100 shares. Based on an average daily trading volume, of 301,700 shares, the short-interest ratio is currently 3.3 days. Approximately 2.3% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
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Commvault Systems, Inc. (NASDAQ:CVLT) issued its earnings results on Monday, October, 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.09. The software maker earned $177.80 million during the quarter, compared to analyst estimates of $184.79 million. Commvault Systems had a positive trailing twelve-month return on equity of 13.55% and a negative net margin of 4.56%. Commvault Systems's revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS.

ETFs with the largest weight of Commvault Systems (NASDAQ:CVLT) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Fidelity Cloud Computing ETF (FCLD), Nuveen Small Cap Select ETF (NSCS), ETFMG Prime Cyber Security ETF (HACK), SPDR S&P Software & Services ETF (XSW), Wedbush ETFMG Global Cloud Technology ETF (IVES), Syntax Stratified MidCap ETF (SMDY) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV).

Commvault Systems issued an update on its first quarter 2024 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $195.00 million-$199.00 million, compared to the consensus revenue estimate of $195.17 million.

70 employees have rated Commvault Systems Chief Executive Officer Sanjay Mirchandani on Glassdoor.com. Sanjay Mirchandani has an approval rating of 66% among the company's employees.

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 shareholders include BlackRock Inc. (12.44%), Mackenzie Financial Corp (5.15%), Starboard Value LP (3.61%), Renaissance Technologies LLC (3.49%), State Street Corp (3.49%) and Acadian Asset Management LLC (2.31%). Insiders that own company stock include Allison Pickens, Blasio Riccardo Di, Brian Carolan, David F Walker, Gary B Smith, Gary Merrill, James J Whalen, Martha Helena Bejar and Sanjay Mirchandani.
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Shares of CVLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CVLT stock can currently be purchased for approximately $69.69.

Commvault Systems (NASDAQ:CVLT) has a market capitalization of $3.06 billion and generates $784.59 million in revenue each year. The software maker earns $-35,770,000.00 in net income (profit) each year or ($0.81) on an earnings per share basis.

The company employs 2,779 workers across the globe.

Commvault Systems' mailing address is 1 COMMVAULT WAY, TINTON FALLS NJ, 07724. The official website for the company is www.commvault.com. The software maker can be reached via phone at (732) 870-4000, via email at mmelnyk@commvault.com, or via fax at 732-870-4525.