Cantor Fitzgerald Issues Positive Outlook for CVLT Earnings

Commvault Systems, Inc. (NASDAQ:CVLT) – Stock analysts at Cantor Fitzgerald upped their FY2025 EPS estimates for shares of Commvault Systems in a research note issued to investors on Wednesday, January 29th. Cantor Fitzgerald analyst T. Blakey now forecasts that the software maker will post earnings per share of $1.80 for the year, up from their prior forecast of $1.67. Cantor Fitzgerald currently has a “Neutral” rating and a $173.00 target price on the stock. The consensus estimate for Commvault Systems’ current full-year earnings is $1.65 per share.

Commvault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The company had revenue of $233.28 million for the quarter, compared to the consensus estimate of $220.76 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. Commvault Systems’s revenue was up 16.1% on a year-over-year basis.

CVLT has been the topic of several other research reports. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday. Oppenheimer initiated coverage on Commvault Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price target for the company. KeyCorp increased their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a report on Wednesday. Finally, Royal Bank of Canada increased their price objective on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.44.

Commvault Systems Trading Down 8.3 %

CVLT opened at $146.82 on Thursday. Commvault Systems has a 12-month low of $83.60 and a 12-month high of $178.72. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 37.17 and a beta of 0.65. The company’s 50 day moving average is $163.11 and its 200 day moving average is $153.93.

Insider Activity

In related news, CEO Sanjay Mirchandani sold 10,775 shares of Commvault Systems stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the completion of the transaction, the chief executive officer now directly owns 459,969 shares of the company’s stock, valued at approximately $76,032,875.70. The trade was a 2.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Allison Pickens sold 1,232 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the sale, the director now directly owns 5,899 shares in the company, valued at $1,017,577.50. This trade represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,530 shares of company stock valued at $2,244,755 in the last ninety days. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Commvault Systems

Several hedge funds have recently bought and sold shares of CVLT. Nisa Investment Advisors LLC lifted its position in shares of Commvault Systems by 3.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock worth $296,000 after purchasing an additional 66 shares during the last quarter. GAMMA Investing LLC increased its stake in Commvault Systems by 13.7% in the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after buying an additional 121 shares during the period. OLD National Bancorp IN lifted its holdings in Commvault Systems by 7.1% during the 4th quarter. OLD National Bancorp IN now owns 2,187 shares of the software maker’s stock valued at $330,000 after buying an additional 145 shares in the last quarter. Lindenwold Advisors INC boosted its position in Commvault Systems by 2.4% in the 3rd quarter. Lindenwold Advisors INC now owns 7,028 shares of the software maker’s stock valued at $1,081,000 after buying an additional 164 shares during the period. Finally, Signaturefd LLC grew its stake in Commvault Systems by 43.9% in the 3rd quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock worth $91,000 after acquiring an additional 180 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

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.