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 year. 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 brokers have issued 12-month price targets for Commvault Systems' shares. 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 year. This suggests a possible upside of 27.8% from the stock's current price.
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Commvault Systems' stock was trading at $62.84 on January 1st, 2023. Since then, CVLT shares have decreased by 12.6% and is now trading at $54.91.
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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) issued its quarterly earnings data on Monday, October, 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by $0.09. The software maker had revenue of $177.80 million for the quarter, compared to analysts' expectations of $184.79 million. Commvault Systems had a trailing twelve-month return on equity of 13.24% and a net margin of 2.00%. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS.

ETFs with the largest weight of Commvault Systems (NASDAQ:CVLT) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Nuveen Small Cap Select ETF (NSCS), Fidelity Cloud Computing ETF (FCLD), ETFMG Prime Cyber Security ETF (HACK), Wedbush ETFMG Global Cloud Technology ETF (IVES), SPDR S&P Software & Services ETF (XSW), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and Invesco S&P MidCap Quality ETF (XMHQ).

Commvault Systems issued an update on its fourth quarter 2023 earnings guidance on Tuesday, January, 31st. The company provided earnings per share 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 many different retail and institutional investors. Top institutional investors include Alliancebernstein L.P. (6.25%), Mackenzie Financial Corp (5.11%), Renaissance Technologies LLC (3.56%), Starboard Value LP (3.47%), Neuberger Berman Group LLC (2.63%) and Geode Capital Management LLC (1.88%). 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 $54.91.

Commvault Systems (NASDAQ:CVLT) has a market capitalization of $2.45 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.