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 initiated a stock buyback program on Thursday, January 25th 2018, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

CommVault Systems, Inc. (NASDAQ:CVLT) issued its quarterly 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 earned $184.90 million during 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. View CommVault Systems' Earnings History.

CommVault Systems is scheduled to release their next quarterly earnings announcement on Monday, July, 23rd 2018. View Earnings Estimates for CommVault Systems.

11 Wall Street analysts have issued 12 month price objectives for CommVault Systems' shares. 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. View Analyst Ratings for CommVault Systems.

CommVault Systems saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,404,576 shares, an increase of 35.2% from the May 15th total of 1,039,218 shares. Based on an average trading volume of 336,759 shares, the short-interest ratio is presently 4.2 days. Approximately 3.4% of the shares of the company are sold short.

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

News headlines about CVLT stock have trended somewhat positive on Monday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. 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 news impact score of 0.14 on Accern's scale. They also assigned news headlines about the software maker an impact score of 47.03 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

CommVault Systems' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.75%), ELLIOTT ASSOCIATES, L.P. (10.30%), ELLIOTT ASSOCIATES, L.P. (10.30%), ELLIOTT ASSOCIATES, L.P. (5.00%), Champlain Investment Partners LLC (3.21%) and ETF Managers Group LLC (2.16%). 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 Loomis Sayles & Co. L P, OppenheimerFunds Inc., Thrivent Financial for Lutherans, JPMorgan Chase & Co., Westfield Capital Management Co. LP, Champlain Investment Partners LLC, Broadview Advisors LLC and Engineers Gate Manager LP. 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 ETF Managers Group LLC, Mesirow Financial Investment Management Equity Management, Point72 Asset Management L.P., Toronto Dominion Bank, Caisse DE Depot ET Placement DU Quebec, Natixis, Wells Fargo & Company MN and Prudential Financial Inc.. 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 $69.85.

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]