BidaskClub Lowers CommVault Systems (CVLT) to Sell

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BidaskClub cut shares of CommVault Systems (NASDAQ:CVLT) from a hold rating to a sell rating in a report issued on Friday, May 10th, BidAskClub reports.

Several other analysts also recently issued reports on CVLT. Zacks Investment Research raised shares of CommVault Systems from a hold rating to a buy rating and set a $68.00 price objective for the company in a report on Thursday, January 10th. Lake Street Capital increased 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. Piper Jaffray Companies downgraded 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 downgraded shares of CommVault Systems from a buy rating to a hold rating in a report on Wednesday, April 3rd. Finally, Mitsubishi UFJ Financial Group reduced their price target on shares of CommVault Systems from $74.00 to $67.00 and set an overweight rating for the company in a report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $67.83.

Shares of CVLT traded down $0.73 during mid-day trading on Friday, hitting $49.27. 713,872 shares of the company’s stock were exchanged, compared to its average volume of 542,722. CommVault Systems has a twelve month low of $48.72 and a twelve month high of $72.65. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 82.12, a price-to-earnings-growth ratio of 7.08 and a beta of 1.10.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, April 30th. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.22. The business had revenue of $181.40 million during the quarter, compared to the consensus estimate of $189.02 million. CommVault Systems had a net margin of 0.50% and a return on equity of 6.30%. CommVault Systems’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. Research analysts anticipate that CommVault Systems will post 0.45 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors increased its position in shares of CommVault Systems by 161.5% during the 4th quarter. Captrust Financial Advisors now owns 1,080 shares of the software maker’s stock worth $64,000 after purchasing an additional 667 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CommVault Systems by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,784,014 shares of the software maker’s stock worth $264,880,000 after purchasing an additional 57,893 shares in the last quarter. Legal & General Group Plc increased its position in shares of CommVault Systems by 11.1% during the 4th quarter. Legal & General Group Plc now owns 42,586 shares of the software maker’s stock worth $2,517,000 after purchasing an additional 4,239 shares in the last quarter. Strs Ohio increased its position in CommVault Systems by 1.5% in the 4th quarter. Strs Ohio now owns 19,700 shares of the software maker’s stock valued at $1,164,000 after acquiring an additional 300 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in CommVault Systems in the 3rd quarter valued at about $11,353,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

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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Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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