Brokers Issue Forecasts for CVLT FY2025 Earnings

Commvault Systems, Inc. (NASDAQ:CVLT) – Research analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for Commvault Systems in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey forecasts that the software maker will earn $1.67 per share for the year. Cantor Fitzgerald has a “Neutral” rating and a $159.00 price target on the stock. The consensus estimate for Commvault Systems’ current full-year earnings is $1.65 per share.

Commvault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $233.28 million for the quarter, compared to analysts’ expectations of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS.

A number of other analysts have also recently commented on the stock. KeyCorp initiated coverage on shares of Commvault Systems in a research note on Thursday, January 16th. They set an “overweight” rating and a $192.00 target price for the company. Oppenheimer initiated coverage on Commvault Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price objective for the company. Guggenheim downgraded Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Royal Bank of Canada boosted their price target on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $154.56.

Commvault Systems Stock Performance

Shares of NASDAQ CVLT opened at $159.88 on Friday. The firm has a fifty day moving average of $163.92 and a 200 day moving average of $153.24. The firm has a market cap of $6.99 billion, a PE ratio of 40.48 and a beta of 0.65. Commvault Systems has a one year low of $79.39 and a one year high of $178.72.

Hedge Funds Weigh In On Commvault Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its position in shares of Commvault Systems by 3.1% during the 2nd quarter. American Century Companies Inc. now owns 25,499 shares of the software maker’s stock worth $3,100,000 after acquiring an additional 772 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Commvault Systems by 30.8% in the second quarter. Envestnet Asset Management Inc. now owns 57,198 shares of the software maker’s stock valued at $6,954,000 after purchasing an additional 13,472 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Commvault Systems by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 523,474 shares of the software maker’s stock worth $63,637,000 after purchasing an additional 2,633 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Commvault Systems by 11.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,984 shares of the software maker’s stock worth $484,000 after buying an additional 420 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Commvault Systems by 37.1% in the 2nd quarter. Pacer Advisors Inc. now owns 12,543 shares of the software maker’s stock valued at $1,525,000 after buying an additional 3,391 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity at Commvault Systems

In related news, Director Allison Pickens sold 1,232 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the transaction, the director now directly owns 5,899 shares in the company, valued at $1,017,577.50. This trade represents a 17.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gary Merrill sold 1,523 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the sale, the insider now directly owns 93,007 shares in the company, valued at $15,335,924.23. This represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,530 shares of company stock worth $2,244,755. Company insiders own 1.00% of the company’s stock.

Commvault Systems Company Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.