Press coverage about CommVault Systems (NASDAQ:CVLT) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CommVault Systems earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 47.1736197818664 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
CommVault Systems (NASDAQ:CVLT) traded up $0.80 during trading hours on Wednesday, hitting $55.95. 560,110 shares of the stock traded hands, compared to its average volume of 531,180. CommVault Systems has a one year low of $48.30 and a one year high of $64.60. The company has a market cap of $2,492.05, a price-to-earnings ratio of -44.40, a price-to-earnings-growth ratio of 88.72 and a beta of 1.31.
CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Wednesday, January 24th. The software maker reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). CommVault Systems had a positive return on equity of 0.32% and a negative net margin of 8.30%. The firm had revenue of $180.37 million during the quarter, compared to analyst estimates of $182.01 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. equities analysts forecast that CommVault Systems will post 0.03 earnings per share for the current year.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of CommVault Systems from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th. Mizuho reaffirmed a “buy” rating and issued a $75.00 price objective on shares of CommVault Systems in a report on Wednesday, January 17th. Wells Fargo & Co assumed coverage on shares of CommVault Systems in a research note on Tuesday, November 14th. They set an “outperform” rating and a $64.00 target price on the stock. Zacks Investment Research raised shares of CommVault Systems from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Finally, Lake Street Capital reissued a “buy” rating and set a $58.00 target price (down previously from $60.00) on shares of CommVault Systems in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $69.78.
In related news, Director Robert F. Kurimsky sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $50.32, for a total transaction of $377,400.00. Following the completion of the sale, the director now directly owns 62,339 shares in the company, valued at $3,136,898.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David F. Walker sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $55.48, for a total transaction of $305,140.00. Following the sale, the director now owns 42,850 shares of the company’s stock, valued at $2,377,318. The disclosure for this sale can be found here. Over the last quarter, insiders sold 289,737 shares of company stock valued at $14,770,440. Corporate insiders own 13.40% of the company’s stock.
CommVault Systems Company Profile
Commvault Systems, Inc (Commvault) is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data, and policy-based data management.
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