Equities research analysts predict that CommVault Systems, Inc. (NASDAQ:CVLT) will post earnings of $0.31 per share for the current quarter, Zacks reports. Four analysts have issued estimates for CommVault Systems’ earnings. The lowest EPS estimate is $0.31 and the highest is $0.32. CommVault Systems reported earnings of $0.28 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The business is scheduled to issue its next earnings report on Wednesday, January 24th.
According to Zacks, analysts expect that CommVault Systems will report full-year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.11. For the next year, analysts forecast that the firm will post earnings of $1.34 per share, with EPS estimates ranging from $1.18 to $1.51. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow CommVault Systems.
CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 24th. The software maker reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.05). The company 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 company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS.
Several equities research analysts have issued reports on the company. BidaskClub upgraded CommVault Systems from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research upgraded CommVault Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Wells Fargo & Co began coverage on CommVault Systems in a research report on Tuesday, November 14th. They issued an “outperform” rating and a $64.00 price objective on the stock. Jefferies Group reiterated a “buy” rating on shares of CommVault Systems in a research report on Thursday, October 26th. Finally, Mitsubishi UFJ Financial Group downgraded CommVault Systems from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $70.00.
In other news, insider Gary Merrill sold 7,260 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.40% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CommVault Systems by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after purchasing an additional 203 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in CommVault Systems by 70.9% in the second quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock worth $145,000 after buying an additional 1,063 shares during the period. Pacad Investment Ltd. lifted its holdings in CommVault Systems by 88.9% in the second quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock worth $192,000 after buying an additional 1,600 shares during the period. Magnetar Financial LLC purchased a new stake in CommVault Systems in the third quarter worth about $201,000. Finally, Teacher Retirement System of Texas purchased a new stake in CommVault Systems in the third quarter worth about $215,000. 88.33% of the stock is currently owned by institutional investors.
CommVault Systems (NASDAQ:CVLT) traded down $0.28 during trading hours on Friday, hitting $53.85. The company’s stock had a trading volume of 225,435 shares, compared to its average volume of 338,532. The stock has a market capitalization of $2,470.00, a P/E ratio of 1,795.00, a P/E/G ratio of 65.61 and a beta of 1.44. CommVault Systems has a 12-month low of $47.61 and a 12-month high of $64.60.
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