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NASDAQ:CVLT

Commvault Systems Stock Forecast, Price & News

$64.96
-1.07 (-1.62 %)
(As of 05/12/2021 12:00 AM ET)
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Today's Range
$64.40
$65.79
50-Day Range
$62.75
$71.27
52-Week Range
$34.42
$72.33
Volume440,578 shs
Average Volume356,061 shs
Market Capitalization$3.05 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.79
30 days | 90 days | 365 days | Advanced Chart
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Commvault Systems logo

About Commvault Systems

Commvault Systems, Inc. provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. It offers Commvault Complete Backup & Recovery, a backup and recovery solution for enterprises; and Commvault HyperScale Technology, an add-on for Commvault Complete that delivers an on-premises, cloud-like infrastructure to support scale-out secondary storage. The company also provides Commvault Orchestrate, an automated service delivery technology that enables users to provision, sync, and validate data in various environments for IT needs, such as disaster recovery testing, development testing operations, and workload migrations; Commvault Venture Â- Hedvig, a storage platform provides multi-protocol support required across block, file, and object storage with native application, hypervisor, container, and cloud integration; and Commvault Venture Â- Metallic offers software-as-a-service backup and recovery solutions; and Commvault Activate, a solution, which allow customers to comply with privacy regulations. In addition, 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. The company sells its software and related services directly through its sales force to large enterprises, small and medium sized businesses, and government agencies, as well as indirectly through its network of value-added resellers, systems integrators, corporate resellers, and original equipment manufacturers. It licenses its software applications to customers in the banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utility, and energy industries. The company has strategic relationships with Atos, Cisco, Citrix, Fujitsu, Hewlett Packard Enterprise, Microsoft, Oracle, SAP, Netapp, Amazon Web Services, and VMware. Commvault Systems, Inc. was founded in 1988 and is headquartered in Tinton Falls, New Jersey.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustrySystems Software
Current SymbolNASDAQ:CVLT
CUSIP20416610
Phone732-870-4000
Employees2,600
Year FoundedN/A

Sales & Book Value

Annual Sales$670.89 million
Cash Flow$1.34 per share
Book Value$8.84 per share

Profitability

Net Income$-5,640,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap$3.05 billion
Next Earnings Date7/27/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.47 out of 5 stars

Computer And Technology Sector

404th out of 1,567 stocks

Prepackaged Software Industry

89th out of 284 stocks

Analyst Opinion: 1.4Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Commvault Systems (NASDAQ:CVLT) Frequently Asked Questions

Is Commvault Systems a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Commvault Systems in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Commvault Systems stock.
View analyst ratings for Commvault Systems
or view top-rated stocks.

What stocks does MarketBeat like better than Commvault Systems?

Wall Street analysts have given Commvault Systems a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Commvault Systems wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Commvault Systems' next earnings date?

Commvault Systems is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Commvault Systems
.

How were Commvault Systems' earnings last quarter?

Commvault Systems, Inc. (NASDAQ:CVLT) announced its quarterly earnings results on Tuesday, May, 4th. The software maker reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.11. The software maker earned $191.34 million during the quarter, compared to analyst estimates of $182.37 million. Commvault Systems had a positive trailing twelve-month return on equity of 4.52% and a negative net margin of 4.47%. The company's quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS.
View Commvault Systems' earnings history
.

How has Commvault Systems' stock been impacted by Coronavirus (COVID-19)?

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 (WHO). Since then, CVLT stock has increased by 81.7% and is now trading at $64.96.
View which stocks have been most impacted by COVID-19
.

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

Commvault Systems updated its first quarter 2022 earnings guidance on Wednesday, May, 12th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $181 million-$181 million, compared to the consensus revenue estimate of $181.74 million.

What price target have analysts set for CVLT?

7 Wall Street analysts have issued 12-month price targets for Commvault Systems' stock. Their forecasts range from $50.00 to $86.00. On average, they expect Commvault Systems' stock price to reach $71.14 in the next twelve months. This suggests a possible upside of 9.5% from the stock's current price.
View analysts' price targets for Commvault Systems
or view top-rated stocks among Wall Street analysts.

Who are Commvault Systems' key executives?

Commvault Systems' management team includes the following people:
  • Mr. Sanjay Mirchandani, Pres, CEO & Director (Age 57, Pay $1.1M)
  • Mr. Brian Carolan, VP & CFO (Age 50, Pay $573.93k)
  • Mr. Riccardo Di Blasio, VP & Chief Revenue Officer (Age 48, Pay $716.68k)
  • Mr. James Whalen, VP of Fin. & Chief Accounting Officer (Age 40)
  • Mr. Brian Brockway, CTO & VP
  • Mr. Michael John Melnyk C.F.A., CFA, Director of Investor Relations
  • Mr. Warren H. Mondschein, Chief Compliance Officer, VP, Gen. Counsel & Sec.
  • Ms. Isabelle Guis, Chief Marketing Officer
  • Ms. Martha Delehanty, Chief People Officer (Age 56)
  • Mr. Gary Merrill, Chief of Bus. Operations (Age 46)

What is Sanjay Mirchandani's approval rating as Commvault Systems' CEO?

70 employees have rated Commvault Systems CEO Sanjay Mirchandani on Glassdoor.com. Sanjay Mirchandani has an approval rating of 66% among Commvault Systems' employees.

Who are some of Commvault Systems' key competitors?

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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.26%), Alliancebernstein L.P. (6.32%), Acadian Asset Management LLC (2.08%), Geode Capital Management LLC (1.80%), Northern Trust Corp (1.43%) and The Manufacturers Life Insurance Company (0.94%). Company insiders that own Commvault Systems stock include Al Bunte, Blasio Riccardo Di, Brian Carolan, David F Walker, Gary B Smith, James J Whalen and Sanjay Mirchandani.
View institutional ownership trends for Commvault Systems
.

Which institutional investors are selling Commvault Systems stock?

CVLT stock was sold by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Prudential Financial Inc., Russell Investments Group Ltd., Horrell Capital Management Inc., Sei Investments Co., Pinnacle Associates Ltd., Madison Asset Management LLC, and Los Angeles Capital Management LLC. Company insiders that have sold Commvault Systems company stock in the last year include Blasio Riccardo Di, Brian Carolan, David F Walker, Gary B Smith, James J Whalen, and Sanjay Mirchandani.
View insider buying and selling activity for Commvault Systems
or view top insider-selling stocks.

Which institutional investors are buying Commvault Systems stock?

CVLT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Acadian Asset Management LLC, Fort Washington Investment Advisors Inc. OH, The Manufacturers Life Insurance Company , Lisanti Capital Growth LLC, Alliancebernstein L.P., Geode Capital Management LLC, and Hillsdale Investment Management Inc..
View insider buying and selling activity for Commvault Systems
or or view top insider-buying stocks.

How do I buy shares of 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 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 $64.96.

How much money does Commvault Systems make?

Commvault Systems has a market capitalization of $3.05 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.

How many employees does Commvault Systems have?

Commvault Systems employs 2,600 workers across the globe.

What is Commvault Systems' official website?

The official website for Commvault Systems is www.commvault.com.

Where are Commvault Systems' headquarters?

Commvault Systems is headquartered at 1 COMMVAULT WAY, TINTON FALLS NJ, 07724.

How can I contact Commvault Systems?

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]


This page was last updated on 5/13/2021 by MarketBeat.com Staff
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