Commvault Systems Stock Forecast, Price & News

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

Commvault Systems, Inc. (NASDAQ:CVLT) announced its quarterly earnings results on Tuesday, May, 4th. The software maker reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.11. The software maker earned $191.34 million during the quarter, compared to analyst estimates of $182.37 million. Commvault Systems had a positive trailing twelve-month return on equity of 4.52% and a negative net margin of 4.47%. The company's quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 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 81.7% and is now trading at $64.96.
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Commvault Systems updated its first quarter 2022 earnings guidance on Wednesday, May, 12th. 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.

7 Wall Street analysts have issued 12-month price targets for Commvault Systems' stock. Their forecasts range from $50.00 to $86.00. On average, they expect Commvault Systems' stock price to reach $71.14 in the next twelve months. This suggests a possible upside of 9.5% 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), Proofpoint (PFPT), Axon Enterprise (AXON), 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.26%), Alliancebernstein L.P. (6.32%), Acadian Asset Management LLC (2.08%), Geode Capital Management LLC (1.80%), Northern Trust Corp (1.43%) and The Manufacturers Life Insurance Company (0.94%). Company insiders that own Commvault Systems stock include Al Bunte, Blasio Riccardo Di, Brian Carolan, David F Walker, Gary B Smith, 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 Retirement Systems of Alabama, Prudential Financial Inc., Russell Investments Group Ltd., Horrell Capital Management Inc., Sei Investments Co., Pinnacle Associates Ltd., Madison Asset Management LLC, and Los Angeles Capital Management 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, James J Whalen, and Sanjay Mirchandani.
View insider buying and selling activity for Commvault Systems or view top insider-selling stocks.

CVLT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Acadian Asset Management LLC, Fort Washington Investment Advisors Inc. OH, The Manufacturers Life Insurance Company , Lisanti Capital Growth LLC, Alliancebernstein L.P., Geode Capital Management LLC, and Hillsdale Investment Management Inc..
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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 $64.96.

Commvault Systems has a market capitalization of $3.05 billion and generates $670.89 million in revenue each year. The software maker earns $-5,640,000.00 in net income (profit) each year or $0.43 on an earnings per share basis.

Commvault Systems employs 2,600 workers across the globe.

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]