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NASDAQ:CVLT

Commvault Systems (CVLT) Stock Forecast, Price & News

$71.03
-0.41 (-0.57%)
(As of 06/5/2023 ET)
Compare
Today's Range
$69.57
$71.23
50-Day Range
$55.33
$71.44
52-Week Range
$50.26
$71.66
Volume
393,798 shs
Average Volume
320,331 shs
Market Capitalization
$3.12 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$71.20

Commvault Systems MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
0.3% Upside
$71.20 Price Target
Short Interest
Healthy
2.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.89
Upright™ Environmental Score
News Sentiment
1.38mentions of Commvault Systems in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$5.51 M Sold Last Quarter
Proj. Earnings Growth
10.78%
From $1.02 to $1.13 Per Share

Overall MarketRank

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

1.95 out of 5 stars

Computer And Technology Sector

394th out of 608 stocks

Prepackaged Software Industry

123rd out of 217 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

Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Commvault Systems (NASDAQ:CVLT) PT Raised to $65.00
Commvault Looks To Reduce Costs As Outlook Is Flat
See More Headlines

CVLT Price History

CVLT Company Calendar

Last Earnings
10/25/2021
Today
6/05/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Systems Software
Current Symbol
NASDAQ:CVLT
CUSIP
20416610
Employees
2,779
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$71.20
High Stock Price Forecast
$86.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
-0.3%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$-35,770,000.00
Pretax Margin
-1.96%

Debt

Sales & Book Value

Annual Sales
$784.59 million
Cash Flow
$1.50 per share
Book Value
$4.18 per share

Miscellaneous

Free Float
43,539,000
Market Cap
$3.14 billion
Optionable
Optionable
Beta
0.59

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 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 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 12 month price targets for Commvault Systems' stock. Their CVLT share price forecasts range from $64.00 to $86.00. On average, they predict the company's share price to reach $71.20 in the next year. This suggests that the stock has a possible downside of 0.3%.
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 13.7% and is now trading at $71.44.
View the best growth stocks for 2023 here
.

Are investors shorting Commvault Systems?

Commvault Systems saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,000,000 shares, an increase of 15.3% from the April 30th total of 867,100 shares. Based on an average daily volume of 301,700 shares, the days-to-cover ratio is presently 3.3 days. Approximately 2.3% of the shares of the company are short sold.
View Commvault Systems' Short Interest
.

When is Commvault Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our CVLT earnings forecast
.

How were Commvault Systems' earnings last quarter?

Commvault Systems, Inc. (NASDAQ:CVLT) released its quarterly earnings results on Monday, October, 25th. The software maker reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.57 by $0.09. The software maker had revenue of $177.80 million for the quarter, compared to the consensus estimate of $184.79 million. Commvault Systems had a positive trailing twelve-month return on equity of 13.55% and a negative net margin of 4.56%. Commvault Systems's revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share.

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

Commvault Systems issued an update on its first quarter 2024 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $195.00 million-$199.00 million, compared to the consensus revenue estimate of $195.17 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.44%), Mackenzie Financial Corp (5.15%), Starboard Value LP (3.61%), Renaissance Technologies LLC (3.49%), State Street Corp (3.49%) and Acadian Asset Management LLC (2.31%). 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 $71.44.

How much money does Commvault Systems make?

Commvault Systems (NASDAQ:CVLT) has a market capitalization of $3.14 billion and generates $784.59 million in revenue each year. The software maker earns $-35,770,000.00 in net income (profit) each year or ($0.81) on an earnings per share basis.

How many employees does Commvault Systems have?

The company employs 2,779 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.
Read More
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 6/5/2023 by MarketBeat.com Staff

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