Recent Research Analysts’ Ratings Changes for CommVault Systems (CVLT)

CommVault Systems (NASDAQ: CVLT) has recently received a number of price target changes and ratings updates:

  • 5/10/2019 – CommVault Systems was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 5/6/2019 – CommVault Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CommVault provides Unified Data Management solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. The CommVault QiNetix platform, based on CommVault’s Common Technology Engine, integrates Galaxy backup and recovery, snapshot management and recovery, remote replication, active data migration and archiving, e-mail compliance, enterprise service level management and reporting and storage resource management software solutions. The QiNetix unified approach is designed to allow customers to add integrate QiNetix components, at a fraction of the time, effort and money required by separate point products. “
  • 4/30/2019 – CommVault Systems had its price target lowered by analysts at Mitsubishi UFJ Financial Group from $74.00 to $67.00. They now have an “overweight” rating on the stock.
  • 4/30/2019 – CommVault Systems was downgraded by analysts at Lake Street Capital from a “buy” rating to a “hold” rating. They now have a $60.00 price target on the stock, down previously from $69.00.
  • 4/30/2019 – CommVault Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $69.00 price target on the stock. According to Zacks, “CommVault provides Unified Data Management solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. The CommVault QiNetix platform, based on CommVault’s Common Technology Engine, integrates Galaxy backup and recovery, snapshot management and recovery, remote replication, active data migration and archiving, e-mail compliance, enterprise service level management and reporting and storage resource management software solutions. The QiNetix unified approach is designed to allow customers to add integrate QiNetix components, at a fraction of the time, effort and money required by separate point products. “
  • 4/30/2019 – CommVault Systems had its price target lowered by analysts at Jefferies Financial Group Inc to $65.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 4/29/2019 – CommVault Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CommVault provides Unified Data Management solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. The CommVault QiNetix platform, based on CommVault’s Common Technology Engine, integrates Galaxy backup and recovery, snapshot management and recovery, remote replication, active data migration and archiving, e-mail compliance, enterprise service level management and reporting and storage resource management software solutions. The QiNetix unified approach is designed to allow customers to add integrate QiNetix components, at a fraction of the time, effort and money required by separate point products. “
  • 4/15/2019 – CommVault Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “CommVault provides Unified Data Management solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. The CommVault QiNetix platform, based on CommVault’s Common Technology Engine, integrates Galaxy backup and recovery, snapshot management and recovery, remote replication, active data migration and archiving, e-mail compliance, enterprise service level management and reporting and storage resource management software solutions. The QiNetix unified approach is designed to allow customers to add integrate QiNetix components, at a fraction of the time, effort and money required by separate point products. “
  • 4/9/2019 – CommVault Systems was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/3/2019 – CommVault Systems was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 4/2/2019 – CommVault Systems was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “CommVault provides Unified Data Management solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. The CommVault QiNetix platform, based on CommVault’s Common Technology Engine, integrates Galaxy backup and recovery, snapshot management and recovery, remote replication, active data migration and archiving, e-mail compliance, enterprise service level management and reporting and storage resource management software solutions. The QiNetix unified approach is designed to allow customers to add integrate QiNetix components, at a fraction of the time, effort and money required by separate point products. “

Shares of CVLT stock opened at $49.88 on Thursday. CommVault Systems, Inc. has a 52-week low of $48.72 and a 52-week high of $72.65. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 83.13, a price-to-earnings-growth ratio of 6.94 and a beta of 1.10.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.22. CommVault Systems had a return on equity of 6.30% and a net margin of 0.50%. The business had revenue of $181.40 million during the quarter, compared to analyst estimates of $189.02 million. During the same quarter in the prior year, the business posted $0.31 EPS. CommVault Systems’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that CommVault Systems, Inc. will post 0.45 earnings per share for the current fiscal year.

In other CommVault Systems news, insider Gary Merrill sold 1,385 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $67.87, for a total value of $93,999.95. Following the completion of the sale, the insider now owns 16,152 shares in the company, valued at approximately $1,096,236.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 13.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Fort L.P. bought a new position in shares of CommVault Systems during the 4th quarter valued at about $31,000. Captrust Financial Advisors boosted its holdings 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 valued at $64,000 after purchasing an additional 667 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of CommVault Systems by 40.1% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,258 shares of the software maker’s stock valued at $81,000 after purchasing an additional 360 shares during the last quarter. Anderson Fisher LLC bought a new position in shares of CommVault Systems during the 1st quarter valued at about $106,000. Finally, First Mercantile Trust Co. bought a new position in shares of CommVault Systems in the 4th quarter valued at about $117,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

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.

Featured Article: Trading Stocks – What are percentage gainers?

Receive News & Ratings for CommVault Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems Inc and related companies with MarketBeat.com's FREE daily email newsletter.