Wall Street analysts expect that CommVault Systems, Inc. (NASDAQ:CVLT) will report $0.30 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for CommVault Systems’ earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.30. CommVault Systems reported earnings of $0.36 per share in the same quarter last year, which would indicate a negative year over year growth rate of 16.7%. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, July 30th.

On average, analysts expect that CommVault Systems will report full-year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.49 to $1.74. For the next fiscal year, analysts expect that the business will report earnings of $2.13 per share, with EPS estimates ranging from $1.85 to $2.30. Zacks’ EPS averages are an average based on a survey of analysts that follow CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, April 30th. The software maker reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.22. CommVault Systems had a return on equity of 6.30% and a net margin of 0.50%. The firm had revenue of $181.40 million during the quarter, compared to the consensus estimate of $189.02 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis.

A number of equities analysts recently commented on the company. Lake Street Capital downgraded CommVault Systems from a “buy” rating to a “hold” rating and decreased their target price for the company from $69.00 to $60.00 in a report on Tuesday, April 30th. ValuEngine upgraded Yelp from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Mitsubishi UFJ Financial Group decreased their target price on CommVault Systems from $74.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Finally, Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. CommVault Systems has an average rating of “Hold” and a consensus price target of $65.40.

CVLT stock traded down $0.13 during midday trading on Thursday, hitting $50.66. The company had a trading volume of 518,200 shares, compared to its average volume of 498,815. CommVault Systems has a 52 week low of $45.53 and a 52 week high of $70.70. The firm has a 50 day moving average price of $48.37. The company has a market capitalization of $2.29 billion, a PE ratio of 84.43, a price-to-earnings-growth ratio of 7.25 and a beta of 1.16.

Several institutional investors have recently made changes to their positions in the stock. Fort L.P. bought a new position in CommVault Systems in the fourth quarter worth $31,000. Captrust Financial Advisors raised its holdings in CommVault Systems by 161.5% in the fourth quarter. Captrust Financial Advisors now owns 1,080 shares of the software maker’s stock worth $64,000 after purchasing an additional 667 shares in the last quarter. Anderson Fisher LLC bought a new position in CommVault Systems in the first quarter worth $106,000. First Mercantile Trust Co. raised 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 worth $146,000 after purchasing an additional 273 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in CommVault Systems in the first quarter worth $211,000. Institutional investors own 89.23% 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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Earnings History and Estimates for CommVault Systems (NASDAQ:CVLT)

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