Analysts’ Recent Ratings Changes for CommVault Systems (CVLT)

Several analysts have recently updated their ratings and price targets for CommVault Systems (NASDAQ: CVLT):

  • 8/1/2017 – CommVault Systems was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/26/2017 – CommVault Systems had its price target raised by analysts at Lake Street Capital from $63.00 to $69.00. They now have a “buy” rating on the stock.
  • 7/26/2017 – CommVault Systems had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $75.00 price target on the stock, up previously from $68.00.
  • 7/25/2017 – CommVault Systems was given a new $70.00 price target on by analysts at Mitsubishi UFJ Financial Group. They now have a “buy” rating on the stock.
  • 7/25/2017 – CommVault Systems had its price target raised by analysts at Jefferies Group LLC from $67.00 to $75.00. They now have a “buy” rating on the stock.
  • 7/24/2017 – CommVault Systems was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/24/2017 – CommVault Systems had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $75.00 price target on the stock, up previously from $70.00. They wrote, “We expect software revenues of $72-74mm (+14-17% Y/Y) vs. consensus of $72mm while total revenues could come in around $160-164mm (up 5-8% Y/Y or down 2-4% Q/Q) vs. consensus of $160mm. For profitability, we think consensus margin/ EPS expectations of around 9%/$0.19 are reasonable. Billings estimates of $160mm (implying no sequential DR growth) could be conservative; that said, CFFO expectations of $34mm could be slightly on the higher end, though, still achievable. Click here for our detailed preview and model. Checks suggest ongoing large deal momentum. Our conversations indicate that the competitive environment remains tilted in CVLT’s favor, with some displacements of Veritas during the quarter. On discounting, Dell-EMC remains aggressive; however, CVLT continues to exercise price discipline, in our view, with incremental discounting to compete for the largest deals.””
  • 7/19/2017 – CommVault Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CommVault provides Unified Data Management solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. The CommVault QiNetix platform, based on CommVault’s Common Technology Engine, integrates Galaxy backup and recovery, snapshot management and recovery, remote replication, active data migration and archiving, e-mail compliance, enterprise service level management and reporting and storage resource management software solutions. The QiNetix unified approach is designed to allow customers to add integrate QiNetix components, at a fraction of the time, effort and money required by separate point products. “
  • 7/14/2017 – CommVault Systems had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $67.00 price target on the stock.
  • 6/23/2017 – CommVault Systems was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/20/2017 – CommVault Systems had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $62.00 price target on the stock.
  • 6/10/2017 – CommVault Systems was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

CommVault Systems, Inc. (CVLT) opened at 59.20 on Wednesday. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 1038.60 and a beta of 1.45. The stock has a 50 day moving average price of $58.53 and a 200 day moving average price of $53.93.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $165.97 million during the quarter, compared to the consensus estimate of $159.92 million. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. Analysts anticipate that CommVault Systems, Inc. will post $1.22 EPS for the current fiscal year.

In related news, Director Armando Geday sold 7,500 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $55.56, for a total value of $416,700.00. Following the completion of the sale, the director now directly owns 76,139 shares in the company, valued at $4,230,282.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Al Bunte sold 30,001 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $60.01, for a total value 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 disclosure for this sale can be found here. Insiders have sold 69,747 shares of company stock valued at $4,111,755 over the last quarter. Company insiders own 13.40% of the company’s stock.

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