NASDAQ:CVLT

Commvault Systems Stock Forecast, Price & News

$79.25
-2.10 (-2.58 %)
(As of 06/15/2021 05:20 PM ET)
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Today's Range
$78.95
$81.21
50-Day Range
$64.96
$81.35
52-Week Range
$36.50
$81.72
Volume369,582 shs
Average Volume370,137 shs
Market Capitalization$3.65 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.71
30 days | 90 days | 365 days | Advanced Chart
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Commvault Systems logo

About Commvault Systems

Commvault Systems, Inc. provides data protection and information management software applications and related services in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, an easy-to-use replication and disaster recovery solution; and Commvault Complete Data Protection, an easy-to-use data protection solution. It also provides Commvault Activate, a data insight solution; Commvault HyperScale X, an easy-to-deploy scale-out solution; Hedvig Distributed Storage Platform that offers software-defined storage built on a hyperscale architecture; Metallic Cloud Storage is the easy button to adopt secure and scalable cloud storage; and Metallic Backup-as-a-Service. In addition, the company provides technology and business consulting, education, and remote managed services. Further, it sells appliances that integrate the software with hardware for use in a range of business needs and use cases; and offers professional and customer support services. The company sells its products and services directly through its sales force to large enterprises, small and medium sized businesses, and government agencies, as well as indirectly through its network of distributors, value-added resellers, systems integrators, corporate resellers, and original equipment manufacturers. It supports customers in a range of industries, including banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utilities, and energy. The company has strategic relationships with Microsoft, Cisco, Dell EMC, Amazon Web Services, NetApp, Nutanix, Fujitsu, Google Cloud, Hitachi, Hewlett Packard Enterprise, IBM, Lenovo, OpenStack, Oracle, Pure Storage, Red Hat, Salesforce, SAP, ServiceNow, Splunk, Supermicro, and VMware. Commvault Systems, Inc. was founded in 1988 and is headquartered in Tinton Falls, New Jersey.

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MarketRank

Overall MarketRank

1.47 out of 5 stars

Computer And Technology Sector

392nd out of 1,586 stocks

Prepackaged Software Industry

100th out of 311 stocks

Analyst Opinion: 1.4Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Commvault Systems (NASDAQ:CVLT) Frequently Asked Questions

Is Commvault Systems a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Commvault Systems in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Commvault Systems stock.
View analyst ratings for Commvault Systems
or view top-rated stocks.

What stocks does MarketBeat like better than Commvault Systems?

Wall Street analysts have given Commvault Systems a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Commvault Systems wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Commvault Systems' next earnings date?

Commvault Systems is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Commvault Systems
.

How were Commvault Systems' earnings last quarter?

Commvault Systems, Inc. (NASDAQ:CVLT) announced its quarterly earnings results on Tuesday, May, 4th. The software maker reported $0.59 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.11. The software maker had revenue of $191.34 million for the quarter, compared to analysts' expectations of $182.37 million. Commvault Systems had a positive trailing twelve-month return on equity of 7.93% and a negative net margin of 4.28%. Commvault Systems's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS.
View Commvault Systems' earnings history
.

How has Commvault Systems' stock price been impacted by Coronavirus?

Commvault Systems' stock was trading at $35.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CVLT shares have increased by 121.1% and is now trading at $79.03.
View which stocks have been most impacted by COVID-19
.

What guidance has Commvault Systems issued on next quarter's earnings?

Commvault Systems updated its first quarter 2022 earnings guidance on Wednesday, May, 26th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $181 million-$181 million, compared to the consensus revenue estimate of $181.74 million.

What price target have analysts set for CVLT?

7 analysts have issued 1-year target prices for Commvault Systems' shares. Their forecasts range from $50.00 to $86.00. On average, they anticipate Commvault Systems' share price to reach $71.14 in the next year. This suggests that the stock has a possible downside of 10.0%.
View analysts' price targets for Commvault Systems
or view top-rated stocks among Wall Street analysts.

Who are Commvault Systems' key executives?

Commvault Systems' management team includes the following people:
  • Mr. Sanjay Mirchandani, Pres, CEO & Director (Age 57, Pay $1.1M)
  • Mr. Brian Carolan, VP & CFO (Age 50, Pay $573.93k)
  • Mr. Riccardo Di Blasio, VP & Chief Revenue Officer (Age 48, Pay $716.68k)
  • Mr. James Whalen, VP of Fin. & Chief Accounting Officer (Age 40)
  • Mr. Brian Brockway, CTO & VP
  • Mr. Michael John Melnyk C.F.A., CFA, Director of Investor Relations
  • Mr. Warren H. Mondschein, Chief Compliance Officer, VP, Gen. Counsel & Sec.
  • Ms. Isabelle Guis, Chief Marketing Officer
  • Ms. Martha Delehanty, Chief People Officer (Age 56)
  • Mr. Gary Merrill, Chief of Bus. Operations (Age 46)

What is Sanjay Mirchandani's approval rating as Commvault Systems' CEO?

70 employees have rated Commvault Systems CEO Sanjay Mirchandani on Glassdoor.com. Sanjay Mirchandani has an approval rating of 66% among Commvault Systems' employees.

Who are some of Commvault Systems' key competitors?

What other stocks do shareholders of Commvault Systems own?

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).

What is Commvault Systems' stock symbol?

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

Who are Commvault Systems' major shareholders?

Commvault Systems' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.26%), Starboard Value LP (9.25%), Alliancebernstein L.P. (6.32%), Renaissance Technologies LLC (4.88%), Acadian Asset Management LLC (2.08%) and Geode Capital Management LLC (1.80%). 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
.

Which institutional investors are selling Commvault Systems stock?

CVLT stock was sold by a variety of institutional investors in the last quarter, including Friess Associates LLC, D. E. Shaw & Co. Inc., Renaissance Technologies LLC, Lynrock Lake LP, Man Group plc, Starboard Value LP, Rothschild & Co. Asset Management US Inc., and EVR Research LP. 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.
View insider buying and selling activity for Commvault Systems
or view top insider-selling stocks.

Which institutional investors are buying Commvault Systems stock?

CVLT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Arrowstreet Capital Limited Partnership, Goldman Sachs Group Inc., Acadian Asset Management LLC, Factorial Partners LLC, Fort Washington Investment Advisors Inc. OH, The Manufacturers Life Insurance Company, and Lisanti Capital Growth LLC.
View insider buying and selling activity for Commvault Systems
or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Commvault Systems' stock price today?

One share of CVLT stock can currently be purchased for approximately $79.03.

How much money does Commvault Systems make?

Commvault Systems has a market capitalization of $3.64 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.

How many employees does Commvault Systems have?

Commvault Systems employs 2,671 workers across the globe.

What is Commvault Systems' official website?

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

Where are Commvault Systems' headquarters?

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

How can I contact Commvault Systems?

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]


This page was last updated on 6/15/2021 by MarketBeat.com Staff
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