Commvault Systems Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Commvault Systems in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Commvault Systems stock.
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Commvault Systems saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 1,050,000 shares, an increase of 12.3% from the July 29th total of 935,400 shares. Based on an average daily volume of 346,200 shares, the short-interest ratio is currently 3.0 days. Currently, 2.4% of the company's shares are short sold.
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Commvault Systems is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Commvault Systems.

Commvault Systems, Inc. (NASDAQ:CVLT) released its quarterly earnings data on Monday, July, 26th. The software maker reported $0.62 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.52 by $0.10. The software maker earned $183.40 million during the quarter, compared to analyst estimates of $181.71 million. Commvault Systems had a negative net margin of 2.64% and a positive trailing twelve-month return on equity of 10.41%. Commvault Systems's revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS.
View Commvault Systems' earnings history.

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 (WHO). Since then, CVLT stock has increased by 119.2% and is now trading at $78.36.
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Commvault Systems updated its second quarter 2022 earnings guidance on Wednesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $184.50 million-$184.50 million, compared to the consensus revenue estimate of $184.52 million.

6 equities research analysts have issued twelve-month price objectives for Commvault Systems' stock. Their forecasts range from $57.00 to $95.00. On average, they anticipate Commvault Systems' stock price to reach $81.57 in the next year. This suggests a possible upside of 4.1% from the stock's current price.
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70 employees have rated Commvault Systems CEO Sanjay Mirchandani on Glassdoor.com. Sanjay Mirchandani has an approval rating of 66% among Commvault Systems' employees.

Some companies that are related to Commvault Systems include Microsoft (MSFT), Oracle (ORCL), ServiceNow (NOW), VMware (VMW), Fortinet (FTNT), Axon Enterprise (AXON), Proofpoint (PFPT), C3.ai (AI), Qualys (QLYS), Progress Software (PRGS) and FalconStor Software (FALC).
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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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.86%), Vanguard Group Inc. (9.40%), Renaissance Technologies LLC (4.71%), Mackenzie Financial Corp (4.60%), Alliancebernstein L.P. (4.07%) and State Street Corp (3.40%). Company insiders that own Commvault Systems stock include Al Bunte, Blasio Riccardo Di, Brian Carolan, David F Walker, Gary B Smith, Gary Merrill, James J Whalen and Sanjay Mirchandani.
View institutional ownership trends for Commvault Systems.

CVLT stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., BlackRock Inc., American Century Companies Inc., Renaissance Technologies LLC, Clearbridge Investments LLC, Russell Investments Group Ltd., Vanguard Group Inc., and Cove Street Capital LLC. Company insiders that have sold Commvault Systems company stock in the last year include Blasio Riccardo Di, Brian Carolan, David F Walker, Gary B Smith, Gary Merrill, James J Whalen, and Sanjay Mirchandani.
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CVLT stock was purchased by a variety of institutional investors in the last quarter, including Atlanta Capital Management Co. L L C, Schonfeld Strategic Advisors LLC, Jupiter Asset Management Ltd., Nuveen Asset Management LLC, Millennium Management LLC, Federated Hermes Inc., Lisanti Capital Growth LLC, and Point72 Asset Management L.P..
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Shares of CVLT 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 $78.36.

Commvault Systems has a market capitalization of $3.59 billion and generates $723.47 million in revenue each year. The software maker earns $-30,950,000.00 in net income (profit) each year or $0.82 on an earnings per share basis.

Commvault Systems employs 2,671 workers across the globe.

The following companies are subsidiares of Commvault Systems: Advanced Data Life Cycle Management Inc., CV Simpana Software (Proprietary) Limited, Commvault Capital Inc., Commvault Software Technology (Beijing) Co. Ltd, Commvault System (Istanbul) Inc., Commvault System S.L.U., Commvault Systems (Australia) Pty. Ltd., Commvault Systems (Austria) GmbH, Commvault Systems (Canada) Inc., Commvault Systems (Hong Kong) Limited, Commvault Systems (India) Private Limited, Commvault Systems (Israel) Ltd., Commvault Systems (Japan) KK, Commvault Systems (Malaysia) Sdn. Bhd., Commvault Systems (New Zealand) Limited, Commvault Systems (Poland) sp. zo.o., Commvault Systems (Singapore) Private Limited, Commvault Systems (Switzerland) GmbH, Commvault Systems (Thailand) Ltd., Commvault Systems AB Srl, Commvault Systems Belgium BVBA, Commvault Systems GmbH, Commvault Systems International B.V., Commvault Systems Ireland Limited, Commvault Systems Italia Srl, Commvault Systems Limited, Commvault Systems Mexico S. de R.L. de C.V., Commvault Tinton Falls Urban Renewal LLC, and Hedvig.

Commvault Systems was founded in 1996.

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

Commvault Systems is headquartered at 1 COMMVAULT WAY, TINTON FALLS NJ, 07724.

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]