Todays Report: The Commvault Systems Inc. to Post Q4 2017 Earnings of $0.05 Per Share, William Blair Forecasts (CVLT)

The Commvault Systems Inc. to Post Q4 2017 Earnings of $0.05 Per Share, William Blair Forecasts (CVLT)

Commvault Systems Inc. (NASDAQ:CVLT) – Research analysts at William Blair reduced their Q4 2017 earnings estimates for shares of Commvault Systems in a research note issued to investors on Tuesday. William Blair analyst J. Ader now expects that the firm will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.06. William Blair also issued estimates for Commvault Systems’ FY2018 earnings at $0.21 EPS.

Several other research analysts have also recently weighed in on the company. Stifel Nicolaus upped their price objective on Commvault Systems from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, July 26th. Mizuho upped their price objective on Commvault Systems from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, October 25th. Lake Street Capital upped their target price on Commvault Systems from $48.00 to $53.00 and gave the stock a “hold” rating in a report on Wednesday. Jefferies Group upped their target price on Commvault Systems from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Finally, JMP Securities reiterated a “buy” rating on shares of Commvault Systems in a report on Wednesday, August 31st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $54.92.

Shares of Commvault Systems (NASDAQ:CVLT) opened at 53.43 on Friday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 310.64 and a beta of 1.49. Commvault Systems has a one year low of $29.41 and a one year high of $56.29. The stock’s 50 day moving average price is $53.35 and its 200 day moving average price is $48.39.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.05. Commvault Systems had a return on equity of 0.60% and a net margin of 1.29%. The company had revenue of $159.30 million for the quarter, compared to analyst estimates of $152.90 million. During the same quarter last year, the firm earned $0.15 EPS. Commvault Systems’s revenue for the quarter was up 13.2% compared to the same quarter last year.

Several institutional investors have recently bought and sold shares of CVLT. LS Investment Advisors LLC increased its position in Commvault Systems by 67.5% in the second quarter. LS Investment Advisors LLC now owns 2,493 shares of the company’s stock valued at $108,000 after buying an additional 1,005 shares during the last quarter. Cantab Capital Partners LLP purchased a new position in Commvault Systems during the second quarter valued at approximately $159,000. Calamos Advisors LLC purchased a new position in Commvault Systems during the second quarter valued at approximately $206,000. Fox Run Management L.L.C. purchased a new position in Commvault Systems during the third quarter valued at approximately $213,000. Finally, Parametrica Management Ltd purchased a new position in Commvault Systems during the third quarter valued at approximately $217,000. 91.45% of the stock is currently owned by institutional investors.

In other news, SVP Ronald L. Miiller sold 31,727 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $50.44, for a total value of $1,600,309.88. Following the transaction, the senior vice president now owns 156,649 shares of the company’s stock, valued at $7,901,375.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.60% of the stock is owned by insiders.

Commvault Systems Company Profile

Related posts

Leave a Comment