Zacks: Analysts Expect CommVault Systems, Inc. (CVLT) Will Announce Earnings of $0.42 Per Share

Brokerages expect CommVault Systems, Inc. (NASDAQ:CVLT) to announce earnings per share (EPS) of $0.42 for the current fiscal quarter, according to Zacks Investment Research. 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 of $0.30 per share in the same quarter last year, which suggests a positive year over year growth rate of 40%. The business is expected to issue its next quarterly earnings report 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 year, with EPS estimates ranging from $1.63 to $1.68. For the next fiscal year, analysts forecast that the firm will post earnings of $2.22 per share, with EPS estimates ranging from $1.69 to $2.44. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $169.08 million during the quarter, compared to analyst estimates of $179.08 million. CommVault Systems had a negative net margin of 9.61% and a positive return on equity of 2.96%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share.

CVLT has been the subject of a number of research analyst reports. BidaskClub downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. ValuEngine downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Zacks Investment Research downgraded shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, JMP Securities downgraded shares of CommVault Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 30th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $76.14.

CVLT stock traded down $1.06 during trading on Wednesday, hitting $60.02. The company had a trading volume of 3,772 shares, compared to its average volume of 455,609. The company has a market capitalization of $2.80 billion, a P/E ratio of -101.39, a PEG ratio of 6.74 and a beta of 1.19. CommVault Systems has a fifty-two week low of $48.35 and a fifty-two week high of $72.65.

In other CommVault Systems news, CEO N Robert Hammer sold 180,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $57.33, for a total transaction of $10,319,400.00. Following the sale, the chief executive officer now owns 2,799,411 shares in the company, valued at approximately $160,490,232.63. The transaction was disclosed in a filing with the SEC, which is available through this link. 13.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in CommVault Systems by 5.7% during the 2nd quarter. BlackRock Inc. now owns 4,691,145 shares of the software maker’s stock worth $308,910,000 after buying an additional 254,649 shares during the period. Vanguard Group Inc. raised its holdings in CommVault Systems by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,784,014 shares of the software maker’s stock worth $264,880,000 after buying an additional 57,893 shares during the period. Vanguard Group Inc raised its holdings in CommVault Systems by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 3,784,014 shares of the software maker’s stock worth $264,880,000 after buying an additional 57,893 shares during the period. FMR LLC raised its holdings in CommVault Systems by 28.8% during the 3rd quarter. FMR LLC now owns 2,301,297 shares of the software maker’s stock worth $161,091,000 after buying an additional 513,975 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in CommVault Systems by 1.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,621,500 shares of the software maker’s stock worth $113,505,000 after buying an additional 21,700 shares during the period. Hedge funds and other institutional investors own 89.40% of the company’s stock.

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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