CommVault Systems Stock Price, News & Analysis (NASDAQ:CVLT)

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

CommVault Systems declared that its Board of Directors has approved a share buyback program on Thursday, January 25th 2018, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

CommVault Systems, Inc. (NASDAQ:CVLT) posted its quarterly earnings results on Tuesday, July, 30th. The software maker reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The software maker earned $162.20 million during the quarter, compared to analysts' expectations of $170.53 million. CommVault Systems had a net margin of 0.76% and a return on equity of 6.57%. The company's revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. View CommVault Systems' Earnings History.

CommVault Systems is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for CommVault Systems.

CommVault Systems will be holding an earnings conference call on Tuesday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

6 analysts have issued 1-year price objectives for CommVault Systems' shares. Their forecasts range from $50.00 to $67.00. On average, they anticipate CommVault Systems' stock price to reach $60.40 in the next twelve months. This suggests a possible upside of 33.7% from the stock's current price. View Analyst Price Targets for CommVault Systems.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CommVault Systems in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for CommVault Systems.

Press coverage about CVLT stock has trended somewhat positive on Tuesday, according to InfoTrie. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. CommVault Systems earned a news impact score of 1.4 on InfoTrie's scale. They also assigned news coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for CommVault Systems.

CommVault Systems saw a increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,820,000 shares, an increase of 9.6% from the August 30th total of 1,660,000 shares. Based on an average daily volume of 503,800 shares, the days-to-cover ratio is currently 3.6 days. Currently, 4.4% of the company's shares are short sold. View CommVault Systems' Current Options Chain.

Some companies that are related to CommVault Systems include Dropbox (DBX), Mongodb (MDB), PTC (PTC), UBISOFT ENTMT S/ADR (UBSFY), Momo (MOMO), Ceridian HCM (CDAY), Alteryx (AYX), HubSpot (HUBS), Trend Micro (TMICY), Elastic (ESTC), Anaplan (PLAN), Konami (KNMCY), RealPage (RP), SolarWinds (SWI) and Medidata Solutions (MDSO).

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' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Pacer Advisors Inc. (0.03%) and State of Alaska Department of Revenue (0.02%). 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, Ronald L Miiller and Vivie Lee. View Institutional Ownership Trends for CommVault Systems.

CVLT stock was acquired by a variety of institutional investors in the last quarter, including Pacer Advisors Inc. and State of Alaska Department of Revenue. 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, Robinhood, Fidelity and Charles Schwab.

One share of CVLT stock can currently be purchased for approximately $45.19.

CommVault Systems has a market capitalization of $2.04 billion and generates $710.96 million in revenue each year. The software maker earns $3.56 million in net income (profit) each year or $0.60 on an earnings per share basis. CommVault Systems employs 2,559 workers across the globe.View Additional Information About CommVault Systems.

The official website for CommVault Systems is http://www.commvault.com/.

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]