Analysts Expect CommVault Systems, Inc. (NASDAQ:CVLT) Will Announce Earnings of $0.29 Per Share

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Equities research analysts expect that CommVault Systems, Inc. (NASDAQ:CVLT) will announce earnings of $0.29 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for CommVault Systems’ earnings. The highest EPS estimate is $0.33 and the lowest is $0.27. CommVault Systems reported earnings per share of $0.40 in the same quarter last year, which suggests a negative year-over-year growth rate of 27.5%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, October 29th.

On average, analysts expect that CommVault Systems will report full year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.24 to $1.63. For the next year, analysts expect that the business will report earnings of $1.79 per share, with EPS estimates ranging from $1.47 to $2.28. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. CommVault Systems had a return on equity of 6.57% and a net margin of 0.76%. The company had revenue of $162.20 million during the quarter, compared to analysts’ expectations of $170.53 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The business’s revenue was down 7.9% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of CommVault Systems from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub downgraded shares of CommVault Systems from a “hold” rating to a “sell” rating in a research report on Wednesday. Jefferies Financial Group dropped their price target on shares of CommVault Systems to $65.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group dropped their price target on shares of CommVault Systems from $74.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada set a $50.00 price target on shares of CommVault Systems and gave the company a “hold” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $62.83.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. grew its stake in shares of CommVault Systems by 32.6% in the second quarter. Alps Advisors Inc. now owns 25,404 shares of the software maker’s stock worth $1,261,000 after purchasing an additional 6,249 shares during the last quarter. Menta Capital LLC bought a new stake in shares of CommVault Systems in the second quarter worth $1,141,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of CommVault Systems in the second quarter worth $1,869,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of CommVault Systems by 39.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,111 shares of the software maker’s stock worth $998,000 after purchasing an additional 5,657 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new stake in shares of CommVault Systems in the second quarter worth $3,785,000. Institutional investors own 90.44% of the company’s stock.

Shares of NASDAQ:CVLT traded up $0.77 during trading on Friday, reaching $43.69. 8,572 shares of the stock were exchanged, compared to its average volume of 508,165. CommVault Systems has a 12 month low of $41.68 and a 12 month high of $70.70. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 72.78, a PEG ratio of 11.15 and a beta of 1.16. The company’s 50-day moving average is $48.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 1.91.

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. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.

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Earnings History and Estimates for CommVault Systems (NASDAQ:CVLT)

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