Analysts expect that CommVault Systems, Inc. (NASDAQ:CVLT) will post earnings of $0.31 per share for the current quarter, according to Zacks. Four analysts have provided 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 during the same quarter last year, which suggests a positive year-over-year growth rate of 10.7%. The business is scheduled to issue its next earnings report on Wednesday, January 24th.

On average, analysts expect that CommVault Systems will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.08 to $1.11. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.34 per share, with EPS estimates ranging from $1.18 to $1.51. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, October 24th. The software maker reported $0.21 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 net margin of 0.28% and a negative return on equity of 0.17%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share.

CVLT has been the topic of several analyst reports. Royal Bank of Canada restated a “hold” rating and set a $67.00 price objective on shares of CommVault Systems in a report on Monday, September 4th. BidaskClub downgraded CommVault Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, December 2nd. Jefferies Group restated a “buy” rating on shares of CommVault Systems in a report on Thursday, October 26th. Zacks Investment Research downgraded CommVault Systems from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $74.00 price objective on shares of CommVault Systems in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. CommVault Systems presently has an average rating of “Hold” and a consensus price target of $70.00.

In related news, VP Brian Carolan sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $61.90, for a total transaction of $247,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary Merrill sold 7,260 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $62.28, for a total value of $452,152.80. The disclosure for this sale can be found here. 13.40% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in CommVault Systems by 1.0% during the 2nd quarter. BlackRock Inc. now owns 4,282,750 shares of the software maker’s stock valued at $241,762,000 after purchasing an additional 43,400 shares during the period. Vanguard Group Inc. boosted its position in CommVault Systems by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,381,007 shares of the software maker’s stock worth $190,857,000 after acquiring an additional 29,189 shares during the period. Bank of New York Mellon Corp boosted its position in CommVault Systems by 36.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,779,168 shares of the software maker’s stock worth $108,173,000 after acquiring an additional 479,659 shares during the period. Renaissance Technologies LLC boosted its position in CommVault Systems by 32.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,555,213 shares of the software maker’s stock worth $87,792,000 after acquiring an additional 377,313 shares during the period. Finally, State Street Corp boosted its position in CommVault Systems by 3.8% during the 2nd quarter. State Street Corp now owns 1,427,204 shares of the software maker’s stock worth $80,565,000 after acquiring an additional 52,276 shares during the period. Institutional investors and hedge funds own 88.33% of the company’s stock.

CommVault Systems (NASDAQ:CVLT) remained flat at $$53.20 during mid-day trading on Thursday. The company had a trading volume of 185,400 shares, compared to its average volume of 384,990. CommVault Systems has a twelve month low of $47.61 and a twelve month high of $64.60.

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Earnings History and Estimates for CommVault Systems (NASDAQ:CVLT)

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