$189.04 Million in Sales Expected for CommVault Systems, Inc. (CVLT) This Quarter

Equities analysts expect that CommVault Systems, Inc. (NASDAQ:CVLT) will announce sales of $189.04 million for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for CommVault Systems’ earnings. The lowest sales estimate is $188.90 million and the highest is $189.20 million. CommVault Systems reported sales of $184.92 million in the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, April 30th.

According to Zacks, analysts expect that CommVault Systems will report full year sales of $715.87 million for the current fiscal year, with estimates ranging from $699.40 million to $718.70 million. For the next financial year, analysts expect that the firm will post sales of $767.11 million, with estimates ranging from $715.00 million to $783.44 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, January 29th. The software maker reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.12. CommVault Systems had a net margin of 0.57% and a return on equity of 5.78%. The firm had revenue of $184.28 million for the quarter, compared to the consensus estimate of $180.66 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis.

Several research analysts recently issued reports on the company. BidaskClub raised CommVault Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 11th. Piper Jaffray Companies lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $66.00 price target for the company. in a report on Monday, February 11th. ValuEngine raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research raised shares of CommVault Systems from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Thursday, January 10th. Finally, Lake Street Capital raised their price target on shares of CommVault Systems to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CommVault Systems currently has a consensus rating of “Buy” and an average target price of $75.14.

In other news, Director Gary B. Smith sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $68.00, for a total value of $510,000.00. Following the transaction, the director now directly owns 36,536 shares in the company, valued at approximately $2,484,448. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Al Bunte sold 64,167 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $67.82, for a total transaction of $4,351,805.94. Following the completion of the transaction, the chief operating officer now owns 486,177 shares in the company, valued at $32,972,524.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,052 shares of company stock valued at $4,955,806. 13.40% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Lunia Capital LP lifted its position in CommVault Systems by 4,687.4% in the 4th quarter. Lunia Capital LP now owns 16,642,403 shares of the software maker’s stock valued at $16,642,000 after purchasing an additional 16,294,775 shares during the last quarter. BlackRock Inc. increased its position in shares of CommVault Systems by 2.6% in the fourth quarter. BlackRock Inc. now owns 4,600,083 shares of the software maker’s stock worth $271,818,000 after acquiring an additional 118,210 shares in the last quarter. Vanguard Group Inc increased its position in shares of CommVault Systems by 1.6% in the third quarter. Vanguard Group Inc now owns 3,784,014 shares of the software maker’s stock worth $264,880,000 after acquiring an additional 57,893 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CommVault Systems by 1.6% in the third quarter. Vanguard Group Inc. now owns 3,784,014 shares of the software maker’s stock worth $264,880,000 after acquiring an additional 57,893 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of CommVault Systems by 16.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,388,279 shares of the software maker’s stock worth $82,033,000 after acquiring an additional 191,800 shares in the last quarter. Institutional investors own 90.68% of the company’s stock.

NASDAQ CVLT traded down $0.22 during trading on Friday, reaching $61.27. The company’s stock had a trading volume of 263,890 shares, compared to its average volume of 498,109. The stock has a market capitalization of $2.88 billion, a PE ratio of -103.85, a price-to-earnings-growth ratio of 3.07 and a beta of 1.23. CommVault Systems has a 1-year low of $51.53 and a 1-year high of $72.65.

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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