Commvault Systems (NASDAQ:CVLT) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Commvault Systems (NASDAQ:CVLT) posted its earnings results on Tuesday. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.12, Briefing.com reports. Commvault Systems had a return on equity of 31.27% and a net margin of 20.13%. The firm had revenue of $224.67 million for the quarter, compared to analysts’ expectations of $215.54 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. Commvault Systems updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Commvault Systems Trading Up 1.0 %

Commvault Systems stock traded up $1.50 during mid-day trading on Wednesday, hitting $152.85. The company had a trading volume of 873,472 shares, compared to its average volume of 343,275. The stock’s 50 day moving average price is $118.92 and its two-hundred day moving average price is $104.49. Commvault Systems has a 12 month low of $63.70 and a 12 month high of $155.33. The company has a market capitalization of $6.69 billion, a PE ratio of 40.65 and a beta of 0.61.

Insiders Place Their Bets

In other news, Director Charles E. Moran sold 11,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $110.83, for a total transaction of $1,219,130.00. Following the transaction, the director now directly owns 10,967 shares of the company’s stock, valued at $1,215,472.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Charles E. Moran sold 11,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $110.83, for a total transaction of $1,219,130.00. Following the transaction, the director now directly owns 10,967 shares of the company’s stock, valued at $1,215,472.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sanjay Mirchandani sold 15,975 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $110.20, for a total value of $1,760,445.00. Following the transaction, the chief executive officer now directly owns 539,465 shares in the company, valued at $59,449,043. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,816 shares of company stock valued at $6,613,874. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Guggenheim reissued a “buy” rating and set a $122.00 target price on shares of Commvault Systems in a research note on Tuesday, June 25th. StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. KeyCorp lifted their price target on Commvault Systems from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday. DA Davidson lifted their price target on Commvault Systems from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Finally, Lake Street Capital lifted their price target on Commvault Systems from $86.00 to $98.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Commvault Systems has an average rating of “Moderate Buy” and a consensus price target of $134.29.

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.