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Buffett's firm buys more Apple, Amazon while betting on oil
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Is Ford About To Crush Workhorse Group? 
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S&P 500   4,297.14
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QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
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Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
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NASDAQ:CVLT

Commvault Systems - CVLT Stock Forecast, Price & News

$60.53
+0.67 (+1.12%)
(As of 08/15/2022 12:00 AM ET)
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Compare
Today's Range
$59.09
$60.80
50-Day Range
$54.94
$66.93
52-Week Range
$53.87
$84.22
Volume
237,766 shs
Average Volume
238,640 shs
Market Capitalization
$2.71 billion
P/E Ratio
121.06
Dividend Yield
N/A
Price Target
$74.67

Commvault Systems MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
23.4% Upside
$74.67 Price Target
Short Interest
Bearish
3.21% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.75
Upright™ Environmental Score
News Sentiment
1.25mentions of Commvault Systems in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$2.22 M Sold Last Quarter
Proj. Earnings Growth
59.32%
From $0.59 to $0.94 Per Share

Overall MarketRank

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

2.39 out of 5 stars

Computer And Technology Sector

264th out of 664 stocks

Prepackaged Software Industry

83rd out of 229 stocks

CVLT stock logo

About Commvault Systems (NASDAQ:CVLT) Stock

Commvault Systems, Inc. provides data protection and information management software applications and related services in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; and Commvault Complete Data Protection, a data protection solution. It also provides Commvault HyperScale X, an easy-to-deploy scale-out solution; Commvault Distributed Storage Platform that offers software-defined storage built on a hyperscale architecture; Metallic Cloud Storage service, which is the easy button to adopt secure and scalable cloud storage; and Metallic Software-as-a-Service. In addition, the company provides technology and business consulting, education, and remote managed services. Further, it sells appliances that integrate the software with hardware for use in a range of business needs and use cases; and offers professional and customer support services that include data management-as-a-service under the Metallic brand. The company sells its products and services directly through its sales force, and indirectly through its network of distributors, value-added resellers, systems integrators, corporate resellers, and original equipment manufacturers to large enterprises, small and medium sized businesses, and government agencies. It supports customers in a range of industries, including banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utilities, and energy. Commvault Systems, Inc. was founded in 1988 and is headquartered in Tinton Falls, New Jersey.

Analyst Upgrades and Downgrades

CVLT has been the subject of several research reports. Wells Fargo & Company cut their price target on Commvault Systems to $75.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Piper Sandler downgraded Commvault Systems from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $78.00 to $69.00 in a research note on Wednesday, July 13th. Finally, Lake Street Capital cut their price target on Commvault Systems from $68.00 to $64.00 in a research note on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $74.67.

Commvault Systems Stock Performance

Commvault Systems stock traded up $0.67 during midday trading on Monday, reaching $60.53. 237,766 shares of the company were exchanged, compared to its average volume of 260,338. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 121.06, a P/E/G ratio of 10.10 and a beta of 0.51. The firm's 50-day simple moving average is $60.79 and its 200-day simple moving average is $62.43. Commvault Systems has a 1 year low of $53.87 and a 1 year high of $84.22.

Commvault Systems (NASDAQ:CVLT - Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The software maker reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $197.90 million during the quarter, compared to analysts' expectations of $195.21 million. Commvault Systems had a return on equity of 13.33% and a net margin of 2.96%. The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. On average, analysts forecast that Commvault Systems will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 16,141 shares of Commvault Systems stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $61.46, for a total value of $992,025.86. Following the completion of the sale, the chief executive officer now owns 494,283 shares in the company, valued at approximately $30,378,633.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Sanjay Mirchandani sold 16,141 shares of the business's stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $61.46, for a total transaction of $992,025.86. Following the completion of the sale, the chief executive officer now owns 494,283 shares in the company, valued at approximately $30,378,633.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James J. Whalen sold 1,662 shares of the business's stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $64.31, for a total value of $106,883.22. Following the sale, the chief accounting officer now owns 29,616 shares of the company's stock, valued at approximately $1,904,604.96. The disclosure for this sale can be found here. Insiders sold 34,985 shares of company stock worth $2,216,255 in the last 90 days. 0.99% of the stock is owned by company insiders.

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CVLT Stock News Headlines

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Commvault Systems, Inc. (CVLT)
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CVLT Company Calendar

Last Earnings
7/26/2022
Today
8/15/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Systems Software
Current Symbol
NASDAQ:CVLT
CUSIP
20416610
Employees
2,848
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$74.67
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+23.4%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$33.62 million
Pretax Margin
4.46%

Debt

Sales & Book Value

Annual Sales
$769.59 million
Cash Flow
$1.64 per share
Book Value
$5.74 per share

Miscellaneous

Free Float
44,363,000
Market Cap
$2.71 billion
Optionable
Optionable
Beta
0.51

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CVLT Stock - Frequently Asked Questions

Should I buy or sell Commvault Systems stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Commvault Systems in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 2022?

7 analysts have issued 12 month price targets for Commvault Systems' stock. Their CVLT share price forecasts range from $64.00 to $85.00. On average, they anticipate the company's share price to reach $74.67 in the next year. This suggests a possible upside of 23.4% from the stock's current price.
View analysts price targets for CVLT
or view top-rated stocks among Wall Street analysts.

How have CVLT shares performed in 2022?

Commvault Systems' stock was trading at $68.92 on January 1st, 2022. Since then, CVLT stock has decreased by 12.2% and is now trading at $60.53.
View the best growth stocks for 2022 here
.

When is Commvault Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our CVLT earnings forecast
.

How were Commvault Systems' earnings last quarter?

Commvault Systems, Inc. (NASDAQ:CVLT) issued its quarterly earnings results on Tuesday, July, 26th. The software maker reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The software maker earned $197.90 million during the quarter, compared to analysts' expectations of $195.21 million. Commvault Systems had a net margin of 2.96% and a trailing twelve-month return on equity of 13.33%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS.

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

Commvault Systems issued an update on its second quarter 2023 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $184.00 million-$188.00 million, compared to the consensus revenue estimate of $188.27 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 institutional and retail investors. Top institutional investors include Starboard Value LP (8.49%), Mackenzie Financial Corp (5.15%), Renaissance Technologies LLC (4.45%), Northern Trust Corp (1.43%), Clearbridge Investments LLC (0.76%) and JPMorgan Chase & Co. (0.75%). Insiders that own company stock include Al Bunte, 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 $60.53.

How much money does Commvault Systems make?

Commvault Systems (NASDAQ:CVLT) has a market capitalization of $2.71 billion and generates $769.59 million in revenue each year. The software maker earns $33.62 million in net income (profit) each year or $0.50 on an earnings per share basis.

How many employees does Commvault Systems have?

The company employs 2,848 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
When was Commvault Systems founded?

Commvault Systems was founded in 1996.

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 8/16/2022 by MarketBeat.com Staff

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