Commvault Systems - CVLT Stock Forecast, Price & News

5 Wall Street research 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 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.
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5 analysts have issued 1 year price targets for Commvault Systems' stock. Their CVLT share price forecasts range from $60.00 to $86.00. On average, they predict the company's stock price to reach $70.20 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price.
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Commvault Systems' stock was trading at $62.84 at the beginning of 2023. Since then, CVLT stock has increased by 2.9% and is now trading at $64.64.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Commvault Systems, Inc. (NASDAQ:CVLT) announced its quarterly earnings results on Monday, October, 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $0.57 by $0.09. The software maker earned $177.80 million during the quarter, compared to the consensus estimate of $184.79 million. Commvault Systems had a net margin of 2.00% and a trailing twelve-month return on equity of 13.24%. The company's revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 earnings per share.

Commvault Systems issued an update on its fourth quarter 2023 earnings guidance on Tuesday, January, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $197.00 million-$197.00 million, compared to the consensus revenue estimate of $200.40 million.

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.

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 a number of retail and institutional investors. Top institutional investors include Pinnacle Associates Ltd. (0.60%), Pinnacle Associates Ltd. (0.59%), Fort Washington Investment Advisors Inc. OH (0.42%), New York State Teachers Retirement System (0.17%), Strs Ohio (0.16%) and Allspring Global Investments Holdings LLC (0.15%). 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.
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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.
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One share of CVLT stock can currently be purchased for approximately $64.64.

Commvault Systems (NASDAQ:CVLT) has a market capitalization of $2.88 billion and generates $769.59 million in revenue each year. The software maker earns $33.62 million in net income (profit) each year or $0.34 on an earnings per share basis.

The company employs 2,848 workers across the globe.

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.