NASDAQ:CVLT - CommVault Systems Stock Price, Price Target & More

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

CommVault Systems declared that its board has authorized a share repurchase plan on Thursday, January 25th 2018, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

CommVault Systems, Inc. (NASDAQ:CVLT) issued its earnings results on Tuesday, May, 1st. The software maker reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.02. The software maker had revenue of $184.90 million for the quarter, compared to the consensus estimate of $187.01 million. CommVault Systems had a negative return on equity of 0.12% and a negative net margin of 8.85%. CommVault Systems's revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. View CommVault Systems' Earnings History.

CommVault Systems is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for CommVault Systems.

11 analysts have issued 1-year target prices for CommVault Systems' shares. Their predictions range from $67.00 to $85.00. On average, they anticipate CommVault Systems' stock price to reach $75.10 in the next year. This suggests a possible upside of 10.0% from the stock's current price. View Analyst Ratings for CommVault Systems.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CommVault Systems in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

CommVault Systems saw a decline in short interest during the month of June. As of June 15th, there was short interest totalling 959,333 shares, a decline of 31.7% from the May 31st total of 1,404,576 shares. Based on an average trading volume of 495,194 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.3% of the company's stock are short sold. View CommVault Systems' Current Options Chain.

Some companies that are related to CommVault Systems include Dropbox (DBX), Veeva Systems (VEEV), PTC (PTC), Temenos (TMNSF), Nutanix (NTNX), Tyler Technologies (TYL), Tableau Software Inc Class A (DATA), The Ultimate Software Group (ULTI), Momo (MOMO), Black Knight (BKI), Docusign (DOCU), Trend Micro (TMICY), Guidewire Software (GWRE), Micro Focus International (MFGP) and Atlassian (TEAM).

Media coverage about CVLT stock has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CommVault Systems earned a news sentiment score of 0.08 on Accern's scale. They also gave media stories about the software maker an impact score of 44.97 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

CommVault Systems' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include ELLIOTT ASSOCIATES, L.P. (5.00%), Copper Rock Capital Partners LLC (0.85%), Retirement Systems of Alabama (0.42%), Bank of Montreal Can (0.34%), Westpac Banking Corp (0.18%) and Cambiar Investors LLC (0.16%). Company insiders that own CommVault Systems stock include Al Bunte, Armando Geday, Brian Carolan, David F Walker, Gary B Smith, Gary Merrill, N Robert Hammer, Robert F Kurimsky and Ronald L Miiller. View Institutional Ownership Trends for CommVault Systems.

CVLT stock was sold by a variety of institutional investors in the last quarter, including Cambiar Investors LLC, Westpac Banking Corp, Retirement Systems of Alabama, Bank of Montreal Can, Foundry Partners LLC and Municipal Employees Retirement System of Michigan. Company insiders that have sold CommVault Systems company stock in the last year include Al Bunte, Armando Geday, Brian Carolan, David F Walker, Gary B Smith, Gary Merrill, N Robert Hammer and Robert F Kurimsky. View Insider Buying and Selling for CommVault Systems.

CVLT stock was purchased by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Tokio Marine Asset Management Co. Ltd., Fox Run Management L.L.C., Hartford Investment Management Co., Oakbrook Investments LLC and Amalgamated Bank. 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, Scottrade, Fidelity and Charles Schwab.

One share of CVLT stock can currently be purchased for approximately $68.25.

CommVault Systems has a market capitalization of $3.16 billion and generates $699.39 million in revenue each year. The software maker earns $-61,900,000.00 in net income (profit) each year or ($0.59) on an earnings per share basis. CommVault Systems employs 2,839 workers across the globe.

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]