CommVault Systems, Inc. (NASDAQ:CVLT) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
Other equities research analysts also recently issued research reports about the company. Jefferies Group LLC lifted their price objective on CommVault Systems from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, July 25th. Mizuho reaffirmed a “buy” rating and issued a $75.00 price objective (up previously from $70.00) on shares of CommVault Systems in a research report on Monday, July 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $75.00 price objective (up previously from $68.00) on shares of CommVault Systems in a research report on Wednesday, July 26th. TheStreet downgraded CommVault Systems from a “b” rating to a “c” rating in a research report on Monday, June 5th. Finally, ValuEngine raised CommVault Systems from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $67.00.
Shares of CommVault Systems (NASDAQ:CVLT) opened at 58.95 on Friday. The firm has a 50-day moving average price of $58.83 and a 200 day moving average price of $54.08. The stock has a market capitalization of $2.68 billion, a PE ratio of 1034.21 and a beta of 1.45. CommVault Systems has a one year low of $47.61 and a one year high of $64.60.
CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $165.97 million during the quarter, compared to the consensus estimate of $159.92 million. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, equities analysts expect that CommVault Systems will post $1.22 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This news story was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.com-unik.info/2017/08/12/commvault-systems-inc-nasdaqcvlt-downgraded-by-bidaskclub-to-sell.html.
In other CommVault Systems news, insider Al Bunte sold 30,001 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $60.01, for a total transaction of $1,800,360.01. Following the completion of the sale, the insider now owns 474,780 shares of the company’s stock, valued at $28,491,547.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 5,246 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $55.06, for a total value of $288,844.76. Following the sale, the insider now directly owns 20,822 shares of the company’s stock, valued at approximately $1,146,459.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,747 shares of company stock valued at $4,111,755. 13.40% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. OxFORD Asset Management LLP increased its stake in CommVault Systems by 31.5% in the second quarter. OxFORD Asset Management LLP now owns 114,238 shares of the software maker’s stock worth $6,449,000 after buying an additional 27,348 shares during the period. Virtu KCG Holdings LLC purchased a new stake in CommVault Systems during the second quarter worth about $278,000. Renaissance Technologies LLC increased its stake in CommVault Systems by 32.0% in the second quarter. Renaissance Technologies LLC now owns 1,555,213 shares of the software maker’s stock worth $87,792,000 after buying an additional 377,313 shares during the period. California Public Employees Retirement System increased its stake in CommVault Systems by 1.6% in the second quarter. California Public Employees Retirement System now owns 87,900 shares of the software maker’s stock worth $4,962,000 after buying an additional 1,400 shares during the period. Finally, FMR LLC purchased a new stake in CommVault Systems during the second quarter worth about $28,624,000. 88.36% of the stock is owned by hedge funds and other institutional investors.
About CommVault Systems
What are top analysts saying about CommVault Systems Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CommVault Systems Inc. and related companies.