NASDAQ:CVLTCommVault Systems Stock Price, Forecast & News

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. Since then, CVLT shares have increased by 6.9% and is now trading at $38.22. View which stocks have been most impacted by Coronavirus.

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

CommVault Systems is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for CommVault Systems.

CommVault Systems, Inc. (NASDAQ:CVLT) issued its quarterly earnings results on Tuesday, May, 12th. The software maker reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.38 by $0.08. The software maker had revenue of $164.80 million for the quarter, compared to the consensus estimate of $173.03 million. CommVault Systems had a negative net margin of 0.84% and a positive return on equity of 5.00%. CommVault Systems's revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. View CommVault Systems' earnings history.

CommVault Systems updated its first quarter 2021 Pre-Market earnings guidance on Tuesday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $150-155 million, compared to the consensus revenue estimate of $164.59 million.

5 Wall Street analysts have issued 1 year price targets for CommVault Systems' stock. Their forecasts range from $44.00 to $59.00. On average, they expect CommVault Systems' stock price to reach $50.20 in the next twelve months. This suggests a possible upside of 31.3% from the stock's current price. View analysts' price targets for CommVault Systems.

Press coverage about CVLT stock has trended negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. CommVault Systems earned a daily sentiment score of -2.6 on InfoTrie's scale. They also gave news coverage about the software maker a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutCommVault Systems.

CommVault Systems saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,990,000 shares, a decline of 40.4% from the April 30th total of 3,340,000 shares. Based on an average daily volume of 761,700 shares, the short-interest ratio is currently 2.6 days. Currently, 4.7% 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), ServiceNow (NOW), VMware (VMW), Fortinet (FTNT), Symantec (SYMC), Proofpoint (PFPT), Qualys (QLYS), Progress Software (PRGS), TiVo (TIVO) and FalconStor Software (FALC). View all competitors.

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.87%), Starboard Value LP (9.91%), Alliancebernstein L.P. (7.54%), Mackenzie Financial Corp (4.73%), State Street Corp (2.91%) and Morgan Stanley (1.96%). Company insiders that own CommVault Systems stock include Al Bunte, Brian Carolan, Gary B Smith, Gary Merrill, James J Whalen, N Robert Hammer, 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 Morgan Stanley, Morgan Stanley, Two Sigma Investments LP, AQR Capital Management LLC, WINTON GROUP Ltd, JPMorgan Chase & Co., Silvercrest Asset Management Group LLC, and Deutsche Bank AG. Company insiders that have sold CommVault Systems company stock in the last year include Al Bunte, Brian Carolan, and James J Whalen. View insider buying and selling activity for CommVault Systems.

CVLT stock was purchased by a variety of institutional investors in the last quarter, including Starboard Value LP, Alliancebernstein L.P., Nuveen Asset Management LLC, The Manufacturers Life Insurance Company , Chartwell Investment Partners LLC, Federated Hermes Inc., Healthcare of Ontario Pension Plan Trust Fund, and Weiss Multi Strategy Advisers LLC. View insider buying and selling activity 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 $38.22.

CommVault Systems has a market capitalization of $1.78 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 2,533 workers across the globe.

The official website for CommVault Systems is 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]