NASDAQ:CVLT - CommVault Systems Stock Price, News, & Analysis

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

CommVault Systems announced that its board has authorized a share buyback program on Thursday, January 25th 2018, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

CommVault Systems, Inc. (NASDAQ:CVLT) issued its quarterly earnings results on Tuesday, October, 30th. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The software maker had revenue of $169.08 million for the quarter, compared to the consensus estimate of $179.08 million. CommVault Systems had a negative net margin of 9.61% and a positive return on equity of 2.96%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. View CommVault Systems' Earnings History.

CommVault Systems is scheduled to release their next quarterly earnings announcement on Wednesday, January 23rd 2019. View Earnings Estimates for CommVault Systems.

8 analysts have issued 12-month target prices for CommVault Systems' stock. Their forecasts range from $70.00 to $85.00. On average, they expect CommVault Systems' stock price to reach $77.50 in the next year. This suggests a possible upside of 33.9% from the stock's current price. View Analyst Price Targets for CommVault Systems.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CommVault Systems in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CommVault Systems.

Headlines about CVLT stock have been trending positive on Friday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. CommVault Systems earned a coverage optimism score of 2.2 on InfoTrie's scale. They also gave news headlines about the software maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Some companies that are related to CommVault Systems include PTC (PTC), Dropbox (DBX), Tableau Software (DATA), UBISOFT Entmt S/ADR (UBSFY), Twilio (TWLO), The Ultimate Software Group (ULTI), Atlassian (TEAM), Trend Micro (TMICY), Micro Focus International (MFGP), Tyler Technologies (TYL), Paycom Software (PAYC), Black Knight (BKI), Nutanix (NTNX), Guidewire Software (GWRE) and Docusign (DOCU).

CommVault Systems' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.68%), FMR LLC (4.97%), Renaissance Technologies LLC (3.50%), Mackenzie Financial Corp (2.58%), Credit Suisse AG (2.03%) and Bank of New York Mellon Corp (1.46%). 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, Ronald L Miiller and Vivie Lee. View Institutional Ownership Trends for CommVault Systems.

CVLT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, BlackRock Inc., Wells Fargo & Company MN, Deutsche Bank AG, Victory Capital Management Inc., Mackenzie Financial Corp, Mutual of America Capital Management LLC and Copper Rock Capital Partners LLC. 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, Robert F Kurimsky, Ronald L Miiller and Vivie Lee. View Insider Buying and Selling for CommVault Systems.

CVLT stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, MERIAN GLOBAL INVESTORS UK Ltd, Prudential Financial Inc., AQR Capital Management LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Dimensional Fund Advisors LP and Acadian Asset Management LLC. 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 $57.90.

CommVault Systems has a market capitalization of $2.68 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.

The official website for CommVault Systems is http://www.commvault.com.

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]