Wall Street brokerages forecast that CommVault Systems, Inc. (NASDAQ:CVLT) will report earnings per share (EPS) of $0.37 for the current fiscal quarter, according to Zacks. Six analysts have made estimates for CommVault Systems’ earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.38. CommVault Systems reported earnings of $0.21 per share during the same quarter last year, which would suggest a positive year over year growth rate of 76.2%. The firm is scheduled to issue its next earnings report on Tuesday, October 23rd.

According to Zacks, analysts expect that CommVault Systems will report full year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.66 to $1.71. For the next financial year, analysts expect that the business will report earnings of $2.04 per share, with EPS estimates ranging from $1.71 to $2.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 24th. The software maker reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.09. The business had revenue of $176.18 million during the quarter, compared to analyst estimates of $177.92 million. CommVault Systems had a negative net margin of 9.89% and a positive return on equity of 0.72%. CommVault Systems’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS.

A number of analysts have commented on CVLT shares. BidaskClub lowered shares of CommVault Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. ValuEngine upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Zacks Investment Research lowered shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Mitsubishi UFJ Financial Group upped their target price on shares of CommVault Systems and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Finally, Wells Fargo & Co upped their target price on shares of CommVault Systems from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, June 7th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. CommVault Systems presently has a consensus rating of “Buy” and an average target price of $77.00.

CVLT stock traded up $0.10 during midday trading on Friday, reaching $69.70. 13,740 shares of the company’s stock traded hands, compared to its average volume of 292,060. The firm has a market capitalization of $3.16 billion, a PE ratio of -117.29, a price-to-earnings-growth ratio of 7.30 and a beta of 1.18. CommVault Systems has a 52 week low of $48.35 and a 52 week high of $72.65.

In related news, Director Vivie Lee sold 860 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $69.75, for a total transaction of $59,985.00. Following the completion of the transaction, the director now owns 4,364 shares in the company, valued at $304,389. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Ronald L. Miiller sold 2,213 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $65.00, for a total transaction of $143,845.00. Following the transaction, the senior vice president now owns 98,117 shares of the company’s stock, valued at approximately $6,377,605. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,729 shares of company stock valued at $6,845,943. Company insiders own 13.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank grew its position in CommVault Systems by 14.5% during the second quarter. Amalgamated Bank now owns 6,442 shares of the software maker’s stock valued at $424,000 after buying an additional 817 shares during the period. Arizona State Retirement System grew its position in CommVault Systems by 3.7% during the second quarter. Arizona State Retirement System now owns 29,367 shares of the software maker’s stock valued at $1,934,000 after buying an additional 1,048 shares during the period. BlueMountain Capital Management LLC grew its position in CommVault Systems by 134.5% during the second quarter. BlueMountain Capital Management LLC now owns 2,214 shares of the software maker’s stock valued at $146,000 after buying an additional 1,270 shares during the period. MetLife Investment Advisors LLC grew its position in CommVault Systems by 3.4% during the second quarter. MetLife Investment Advisors LLC now owns 44,540 shares of the software maker’s stock valued at $2,933,000 after buying an additional 1,453 shares during the period. Finally, SG Americas Securities LLC grew its position in CommVault Systems by 29.7% during the second quarter. SG Americas Securities LLC now owns 8,081 shares of the software maker’s stock valued at $532,000 after buying an additional 1,849 shares during the period. Institutional investors own 90.17% 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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