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

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

CommVault Systems declared that its board has initiated a stock buyback plan on Thursday, January 25th 2018, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

CommVault Systems, Inc. (NASDAQ:CVLT) issued its quarterly earnings results on Tuesday, October, 29th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.28 by $0.14. The software maker had revenue of $167.58 million for the quarter, compared to the consensus estimate of $163.28 million. CommVault Systems had a negative net margin of 0.39% and a positive return on equity of 7.18%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS. View CommVault Systems' Earnings History.

CommVault Systems is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for CommVault Systems.

CommVault Systems will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

5 equities research analysts have issued 1-year price targets for CommVault Systems' shares. Their forecasts range from $50.00 to $67.00. On average, they anticipate CommVault Systems' stock price to reach $60.40 in the next twelve months. This suggests a possible upside of 32.6% from the stock's current price. View Analyst Price Targets for CommVault Systems.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CommVault Systems in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for CommVault Systems.

News headlines about CVLT stock have trended somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. CommVault Systems earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for CommVault Systems.

CommVault Systems saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,310,000 shares, an increase of 19.1% from the December 15th total of 1,940,000 shares. Based on an average daily volume of 434,500 shares, the days-to-cover ratio is presently 5.3 days. Currently, 5.5% of the shares of the stock are short sold. View CommVault Systems' Current Options Chain.

Some companies that are related to CommVault Systems include Microsoft (MSFT), Oracle (ORCL), VMware (VMW), ServiceNow (NOW), Fortinet (FTNT), Symantec (SYMC), Proofpoint (PFPT), Qualys (QLYS), Progress Software (PRGS), TiVo (TIVO) and FalconStor Software (FALC).

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), Transocean (RIG) and Gran Tierra Energy (GTE).

CommVault Systems' stock is owned by a number of of institutional and retail investors. Top institutional investors include Horrell Capital Management Inc. (0.08%), Tocqueville Asset Management L.P. (0.07%), Sciencast Management LP (0.04%), State of Alaska Department of Revenue (0.02%) and Nisa Investment Advisors LLC (0.00%). Company insiders that own CommVault Systems stock include Al Bunte, Armando Geday, Brian Carolan, David F Walker, Gary B Smith, Gary Merrill, James J Whalen, 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 Horrell Capital Management Inc. and State of Alaska Department of Revenue. Company insiders that have sold CommVault Systems company stock in the last year include Al Bunte, Brian Carolan, Gary B Smith, Gary Merrill and James J Whalen. View Insider Buying and Selling for CommVault Systems.

CVLT stock was acquired by a variety of institutional investors in the last quarter, including Sciencast Management LP, Tocqueville Asset Management L.P. and Nisa Investment Advisors 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, Robinhood, Fidelity and Charles Schwab.

One share of CVLT stock can currently be purchased for approximately $45.56.

CommVault Systems has a market capitalization of $2.08 billion and generates $710.96 million in revenue each year. The software maker earns $3.56 million in net income (profit) each year or $0.60 on an earnings per share basis. CommVault Systems employs 2,559 workers across the globe.View Additional Information About CommVault Systems.

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]