Analysts predict that CommVault Systems, Inc. (NASDAQ:CVLT) will announce earnings per share (EPS) of $0.42 for the current quarter, according to Zacks. Seven analysts have made estimates for CommVault Systems’ earnings. The lowest EPS estimate is $0.41 and the highest is $0.43. CommVault Systems posted earnings per share of $0.30 during the same quarter last year, which indicates a positive year-over-year growth rate of 40%. The company is scheduled to report its next quarterly earnings results before the market opens on Tuesday, January 29th.
According to Zacks, analysts expect that CommVault Systems will report full-year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $1.68. For the next fiscal year, analysts expect that the company will report earnings of $2.22 per share, with EPS estimates ranging from $1.69 to $2.44. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover CommVault Systems.
CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. The company had revenue of $169.08 million during the quarter, compared to the consensus estimate of $179.08 million. CommVault Systems had a positive return on equity of 2.96% and a negative net margin of 9.61%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS.
A number of brokerages recently issued reports on CVLT. BidaskClub upgraded CommVault Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday. JMP Securities downgraded CommVault Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 30th. Zacks Investment Research upgraded CommVault Systems from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Tuesday, October 9th. Finally, ValuEngine upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $76.14.
In other CommVault Systems news, CEO N Robert Hammer sold 180,000 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $57.33, for a total value of $10,319,400.00. Following the completion of the transaction, the chief executive officer now directly owns 2,799,411 shares in the company, valued at approximately $160,490,232.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. BlueMountain Capital Management LLC boosted its stake in CommVault Systems by 134.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 2,214 shares of the software maker’s stock worth $146,000 after purchasing an additional 1,270 shares during the period. NumerixS Investment Technologies Inc bought a new position in CommVault Systems in the 2nd quarter worth approximately $160,000. Engineers Gate Manager LP bought a new position in CommVault Systems in the 3rd quarter worth approximately $203,000. Brown Advisory Inc. bought a new position in CommVault Systems in the 2nd quarter worth approximately $217,000. Finally, US Bancorp DE boosted its stake in CommVault Systems by 124.1% in the 2nd quarter. US Bancorp DE now owns 3,803 shares of the software maker’s stock worth $250,000 after purchasing an additional 2,106 shares during the period. Institutional investors and hedge funds own 89.40% of the company’s stock.
Shares of NASDAQ:CVLT opened at $61.08 on Wednesday. The company has a market cap of $2.80 billion, a P/E ratio of -103.53, a P/E/G ratio of 6.74 and a beta of 1.19. CommVault Systems has a 12-month low of $48.35 and a 12-month high of $72.65.
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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