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NASDAQ:CVLT

Commvault Systems - CVLT Stock Forecast, Price & News

$63.63
-1.01 (-1.56%)
(As of 02/6/2023 04:30 PM ET)
Add
Compare
Today's Range
$63.49
$64.97
50-Day Range
$54.92
$67.35
52-Week Range
$50.26
$69.16
Volume
342,098 shs
Average Volume
339,975 shs
Market Capitalization
$2.83 billion
P/E Ratio
187.15
Dividend Yield
N/A
Price Target
$70.20

Commvault Systems MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
9.4% Upside
$70.20 Price Target
Short Interest
Healthy
1.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.20
Upright™ Environmental Score
News Sentiment
0.17mentions of Commvault Systems in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$34,737 Sold Last Quarter
Proj. Earnings Growth
6.17%
From $0.81 to $0.86 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.75 out of 5 stars

Computer And Technology Sector

463rd out of 611 stocks

Prepackaged Software Industry

156th out of 216 stocks

CVLT stock logo

About Commvault Systems (NASDAQ:CVLT) Stock

Commvault Systems, Inc. engages in the provision of data protection and information management software applications and related services. Its products include Data Protection and insights, Storage, and Metallic BaaS. The firm also offers professional, managed, support, and training services. The company was founded in 1996 and is headquartered in Tinton Falls, NJ.

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CVLT Stock News Headlines

This Software Stock Is a No-Brainer Buy For 2023
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Mackenzie Financial Cuts Stake in CommVault Systems
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
CommVault Systems's Earnings Outlook
Commvault Systems (CVLT) Set to Announce Earnings on Tuesday
3 Software Stocks to Watch For in a Prospering Industry
1 Software Stock Under $100 to Buy Right Now
See More Headlines
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CVLT Company Calendar

Last Earnings
10/25/2021
Today
2/06/2023
Fiscal Year End
3/31/2023
Next Earnings (Estimated)
5/02/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Systems Software
Current Symbol
NASDAQ:CVLT
CUSIP
20416610
Employees
2,848
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$70.20
High Stock Price Forecast
$86.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+10.3%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$33.62 million
Pretax Margin
4.38%

Debt

Sales & Book Value

Annual Sales
$769.59 million
Cash Flow
$1.60 per share
Book Value
$5.74 per share

Miscellaneous

Free Float
44,112,000
Market Cap
$2.83 billion
Optionable
Optionable
Beta
0.57

Social Links


Key Executives

  • Sanjay MirchandaniSanjay Mirchandani
    President, Chief Executive Officer & Director
  • Gary Merrill
    Chief Financial Officer & Treasurer
  • Brian Brockway
    Chief Technology Officer
  • Danielle Sheer
    Chief Legal & Compliance Officer
  • Rajiv Kottomtharayil
    Chief Product Officer













CVLT Stock - Frequently Asked Questions

Should I buy or sell Commvault Systems stock right now?

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.
View CVLT analyst ratings
or view top-rated stocks.

What is Commvault Systems' stock price forecast for 2023?

5 brokerages have issued 1 year price objectives for Commvault Systems' stock. Their CVLT share price forecasts range from $60.00 to $86.00. On average, they anticipate the company's stock price to reach $70.20 in the next twelve months. This suggests a possible upside of 9.7% from the stock's current price.
View analysts price targets for CVLT
or view top-rated stocks among Wall Street analysts.

How have CVLT shares performed in 2023?

Commvault Systems' stock was trading at $62.84 on January 1st, 2023. Since then, CVLT shares have increased by 1.8% and is now trading at $63.99.
View the best growth stocks for 2023 here
.

When is Commvault Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our CVLT earnings forecast
.

How were Commvault Systems' earnings last quarter?

Commvault Systems, Inc. (NASDAQ:CVLT) announced its quarterly earnings data on Monday, October, 25th. The software maker reported $0.48 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 analysts' expectations of $184.79 million. Commvault Systems had a net margin of 2.00% and a trailing twelve-month return on equity of 13.24%. The company's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share.

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

Commvault Systems issued an update on its fourth quarter 2023 earnings guidance on Tuesday, January, 31st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $197.00 million-$197.00 million, compared to the consensus revenue estimate of $200.40 million.

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

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.

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 institutional and retail investors. Top institutional shareholders include Pinnacle Associates Ltd. (0.60%), Pinnacle Associates Ltd. (0.59%), Fort Washington Investment Advisors Inc. OH (0.42%), New York State Teachers Retirement System (0.17%), Strs Ohio (0.16%) and Allspring Global Investments Holdings LLC (0.15%). 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.
View institutional ownership trends
.

How do I buy shares of Commvault Systems?

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.
Compare Top Brokerages Here.

What is Commvault Systems' stock price today?

One share of CVLT stock can currently be purchased for approximately $63.99.

How much money does Commvault Systems make?

Commvault Systems (NASDAQ:CVLT) has a market capitalization of $2.85 billion and generates $769.59 million in revenue each year. The software maker earns $33.62 million in net income (profit) each year or $0.34 on an earnings per share basis.

How many employees does Commvault Systems have?

The company employs 2,848 workers across the globe.

Does Commvault Systems have any subsidiaries?
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.
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How can I contact Commvault Systems?

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.

This page (NASDAQ:CVLT) was last updated on 2/6/2023 by MarketBeat.com Staff