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. “
Several other brokerages also recently commented on CVLT. Mitsubishi UFJ Financial Group lowered their target price on CommVault Systems from $74.00 to $67.00 and set an overweight rating for the company in a research note on Tuesday, April 30th. Lake Street Capital downgraded CommVault Systems from a buy rating to a hold rating and lowered their target price for the stock from $69.00 to $60.00 in a research note on Tuesday, April 30th. Jefferies Financial Group lowered their target price on CommVault Systems to $65.00 and set a buy rating for the company in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Royal Bank of Canada set a $50.00 target price on CommVault Systems and gave the stock a hold rating in a research note on Wednesday, July 31st. Finally, BidaskClub downgraded CommVault Systems from a hold rating to a sell rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $62.83.
NASDAQ CVLT traded down $0.34 during trading on Wednesday, hitting $41.58. 1,568 shares of the company’s stock were exchanged, compared to its average volume of 534,314. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a market capitalization of $1.96 billion, a P/E ratio of 69.67, a PEG ratio of 11.52 and a beta of 1.16. CommVault Systems has a fifty-two week low of $41.44 and a fifty-two week high of $70.70. The firm’s 50 day moving average price is $48.06.
CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 30th. The software maker reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The firm had revenue of $162.20 million during the quarter, compared to the consensus estimate of $170.53 million. CommVault Systems had a return on equity of 6.57% and a net margin of 0.76%. The business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. On average, equities analysts predict that CommVault Systems will post 0.24 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of CommVault Systems in the second quarter valued at approximately $29,000. Anderson Fisher LLC bought a new stake in CommVault Systems in the first quarter valued at approximately $106,000. Aperio Group LLC bought a new stake in CommVault Systems in the second quarter valued at approximately $109,000. First Mercantile Trust Co. boosted its holdings in CommVault Systems by 13.8% in the first quarter. First Mercantile Trust Co. now owns 2,251 shares of the software maker’s stock valued at $146,000 after acquiring an additional 273 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in CommVault Systems in the second quarter valued at approximately $124,000. 89.07% of the stock is owned by institutional investors.
CommVault Systems Company Profile
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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