CommVault Systems (CVLT) Receiving Somewhat Positive News Coverage, Study Shows

Media coverage about CommVault Systems (NASDAQ:CVLT) has been trending somewhat positive on Monday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CommVault Systems earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 46.5567106513275 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several equities analysts have weighed in on CVLT shares. Jefferies Group restated a “buy” rating on shares of CommVault Systems in a report on Thursday, October 26th. KeyCorp restated a “buy” rating and set a $70.00 target price on shares of CommVault Systems in a report on Friday, September 1st. Piper Jaffray Companies restated a “buy” rating and set a $74.00 target price on shares of CommVault Systems in a report on Friday, September 1st. BidaskClub upgraded shares of CommVault Systems from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of CommVault Systems in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $70.00.

Shares of CommVault Systems (NASDAQ:CVLT) remained flat at $$54.00 during midday trading on Monday. The stock had a trading volume of 568,896 shares, compared to its average volume of 382,422. CommVault Systems has a 1 year low of $47.61 and a 1 year high of $64.60.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The firm had revenue of $168.14 million for the quarter, compared to analysts’ expectations of $170.15 million. CommVault Systems had a negative return on equity of 0.17% and a net margin of 0.28%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. analysts expect that CommVault Systems will post 0.04 EPS for the current fiscal year.

In other news, VP Brian Carolan sold 4,000 shares of CommVault Systems stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $61.90, for a total transaction of $247,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Merrill sold 7,260 shares of CommVault Systems stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $62.28, for a total transaction of $452,152.80. The disclosure for this sale can be found here. Insiders own 13.40% of the company’s stock.

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