$0.64 per share earnings expected for Commvault Systems, Inc. (NASDAQ: CVLT) this quarter
Analysts expect Commvault Systems, Inc. (NASDAQ:CVLT – Get Rating) to report earnings per share (EPS) of $0.64 for the current quarter, according to Zacks Investment Research. Three analysts provided Commvault Systems earnings estimates. The lowest EPS estimate is $0.63 and the highest is $0.65. Commvault Systems reported earnings of $0.59 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The company is expected to announce its next quarterly earnings report before market open on Monday, January 1.
According to Zacks, analysts expect Commvault Systems to report annual earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.40 to $2.42. For the next fiscal year, analysts expect the company to post earnings of $2.83 per share, with EPS estimates ranging from $2.76 to $2.88. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of sell-side research firms that provide coverage for Commvault Systems.
Commvault Systems (NASDAQ:CVLT – Get Rating) last reported quarterly earnings data on Tuesday, January 25. The software maker reported earnings per share of $0.23 for the quarter, missing Thomson Reuters’ consensus estimate of $0.25 per ($0.02). Commvault Systems achieved a net margin of 4.22% and a return on equity of 13.10%. The company posted revenue of $202.40 million in the quarter, versus a consensus estimate of $195.04 million. In the same period a year earlier, the company earned earnings per share of $0.23. The company’s quarterly revenue increased by 7.7% compared to the same quarter last year.
Several brokerages have recently released reports on CVLT. StockNews.com began covering Commvault Systems in a research note on Thursday, March 31. They have set a “Strong Buy” rating on the stock. Zacks Investment Research upgraded Commvault Systems shares from a “strong sell” rating to a “hold” rating in a Tuesday, Dec. 28 research report. Lake Street Capital raised its price target on Commvault Systems shares from $64.00 to $68.00 in a Wednesday, January 26 research report. Finally, Royal Bank of Canada raised its price target on Commvault Systems shares from $66.00 to $75.00 and gave the stock an “sector performance” rating in a Wednesday 26 report. january. Four investment analysts gave the stock a hold rating, four gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $81.14.
Separately, Vice President Blasio Riccardo Di sold 15,079 shares of the company in a trade on Wednesday, March 2. The stock was sold at an average price of $64.57, for a total transaction of $973,651.03. The sale was disclosed in a document filed with the SEC, accessible via the SEC’s website. Additionally, director Martha Helena Bejar sold 9,000 shares of the company in a trade dated Thursday, January 27. The stock was sold at an average price of $67.00, for a total transaction of $603,000.00. The disclosure of this sale can be found here. Insiders sold a total of 31,025 shares of the company valued at $2,025,213 over the past three months. 0.99% of the shares are currently held by insiders of the company.
Several hedge funds have recently increased or reduced their holdings in CVLT. Alliancebernstein LP increased its holdings of Commvault Systems stock by 36.9% in the fourth quarter. Alliancebernstein LP now owns 2,851,465 shares of the software maker valued at $196,523,000 after acquiring an additional 768,098 shares last quarter. Lord Abbett & CO. LLC acquired a new stake in Commvault Systems in the third quarter valued at approximately $47,086,000. Mackenzie Financial Corp increased its stake in Commvault Systems by 19.1% during the fourth quarter. Mackenzie Financial Corp now owns 2,471,153 shares of the software maker valued at $170,312,000 after buying an additional 397,070 shares last quarter. Norges Bank acquired a new position in shares of Commvault Systems during the 4th quarter at a value of $27,287,000. Finally, Schroder Investment Management Group purchased a new equity stake in Commvault Systems in Q3 for $28,393,000. Institutional investors hold 95.44% of the company’s shares.
Shares of CVLT traded at $1.25 at midday on Friday, hitting $62.51. The stock recorded a trading volume of 191,919 shares, compared to an average volume of 270,211 shares. Commvault Systems has a fifty-two week low of $59.01 and a fifty-two week high of $84.22. The company has a market capitalization of $2.79 billion, a PE ratio of 93.30, a PEG ratio of 6.84 and a beta of 0.64. The company’s fifty-day simple moving average is $64.31 and its two-hundred-day simple moving average is $66.62.
Commvault Systems Company Profile (Get a rating)
Commvault Systems, Inc provides data protection and information management software applications and related services in the United States and around the world. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, an easy-to-use disaster recovery and replication solution; and Commvault Complete Data Protection, an easy-to-use data protection solution.
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