BidaskClub cut shares of CommVault Systems (NASDAQ:CVLT) from a sell rating to a strong sell rating in a report released on Thursday.

CVLT has been the topic of several other reports. Wells Fargo & Co started 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. Zacks Investment Research cut CommVault Systems from a hold rating to a strong sell rating in a research report on Friday, October 27th. Jefferies Group reaffirmed a buy rating on shares of CommVault Systems in a research report on Thursday, October 26th. Mizuho reaffirmed a buy rating and issued a $75.00 price objective on shares of CommVault Systems in a research report on Wednesday. Finally, Royal Bank of Canada reaffirmed a hold rating on shares of CommVault Systems in a research report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $70.00.

CommVault Systems (NASDAQ CVLT) traded up $0.20 during mid-day trading on Thursday, reaching $52.55. The company had a trading volume of 428,762 shares, compared to its average volume of 385,454. The company has a market cap of $2,431.66, a PE ratio of 1,314.08, a PEG ratio of 64.80 and a beta of 1.44. CommVault Systems has a fifty-two week low of $47.61 and a fifty-two week high of $64.60.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data 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 business had revenue of $168.14 million during the quarter, compared to the consensus estimate 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 revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. research analysts forecast that CommVault Systems will post 0.04 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CommVault Systems by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock valued at $107,000 after buying an additional 203 shares during the last quarter. Riverhead Capital Management LLC raised its stake in CommVault Systems by 70.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock valued at $145,000 after buying an additional 1,063 shares during the last quarter. Magnetar Financial LLC purchased a new stake in CommVault Systems during the 3rd quarter valued at $201,000. Teacher Retirement System of Texas purchased a new stake in CommVault Systems during the 3rd quarter valued at $215,000. Finally, Virtu KCG Holdings LLC purchased a new stake in CommVault Systems during the 2nd quarter valued at $278,000. Institutional investors and hedge funds own 88.33% of the company’s stock.

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About CommVault Systems

Commvault Systems, Inc (Commvault) is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data, and policy-based data management.

Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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