Somewhat Favorable Press Coverage Somewhat Unlikely to Impact CommVault Systems (NASDAQ:CVLT) Stock Price
Media stories about CommVault Systems (NASDAQ:CVLT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CommVault Systems earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 46.2795935912934 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Analysts Anticipate MDYG Will Reach $156 (nasdaq.com)
- CommVault Systems Inc (finance.yahoo.com)
- IHS Markit Score upgrades CommVault Systems Inc to 38 out of 100, despite ranking positively in only one IHS Markit category. (finance.yahoo.com)
- ETFs with exposure to Commvault Systems, Inc. : August 11, 2017 (finance.yahoo.com)
- CommVault Systems, Inc. (NASDAQ:CVLT) Stock Rating Lowered by BidaskClub (overnewsmagazine.com)
Shares of CommVault Systems (NASDAQ CVLT) traded up 2.97% on Friday, hitting $58.95. 277,701 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $58.83 and its 200 day moving average price is $54.08. CommVault Systems has a 12-month low of $47.61 and a 12-month high of $64.60. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 1034.21 and a beta of 1.45.
CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The business had revenue of $165.97 million for the quarter, compared to the consensus estimate of $159.92 million. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, equities analysts predict that CommVault Systems will post $1.22 earnings per share for the current fiscal year.
Several research firms have commented on CVLT. BidaskClub raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC upped their price target on shares of CommVault Systems from $67.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. Mizuho upped their price target on shares of CommVault Systems from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, May 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $75.00 price target (up from $68.00) on shares of CommVault Systems in a report on Wednesday, July 26th. Finally, TheStreet lowered shares of CommVault Systems from a “b” rating to a “c” rating in a report on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. CommVault Systems currently has an average rating of “Buy” and a consensus target price of $67.00.
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In other news, insider Gary Merrill sold 5,246 shares of CommVault Systems stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $55.06, for a total value of $288,844.76. Following the sale, the insider now owns 20,822 shares of the company’s stock, valued at $1,146,459.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Brian Carolan sold 4,000 shares of CommVault Systems stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $59.90, for a total transaction of $239,600.00. Following the completion of the sale, the vice president now directly owns 79,793 shares in the company, valued at approximately $4,779,600.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,747 shares of company stock worth $4,111,755. Insiders own 13.40% of the company’s stock.
About CommVault Systems
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