Equities Analysts Offer Predictions for CVLT FY2025 Earnings

Commvault Systems, Inc. (NASDAQ:CVLT) – Research analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for shares of Commvault Systems in a research report issued to clients and investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey expects that the software maker will earn $1.67 per share for the year. Cantor Fitzgerald has a “Neutral” rating and a $159.00 price target on the stock. The consensus estimate for Commvault Systems’ current full-year earnings is $1.65 per share.

Several other analysts also recently weighed in on the stock. StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Guggenheim lowered Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Royal Bank of Canada increased their price target on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Oppenheimer assumed coverage on Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price objective for the company. Finally, KeyCorp initiated coverage on shares of Commvault Systems in a report on Thursday, January 16th. They set an “overweight” rating and a $192.00 target price on the stock. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Commvault Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.56.

Commvault Systems Price Performance

Shares of CVLT opened at $160.94 on Friday. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 40.74 and a beta of 0.65. Commvault Systems has a 1-year low of $79.39 and a 1-year high of $178.72. The company has a 50-day moving average of $164.30 and a 200 day moving average of $152.69.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. Commvault Systems’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS.

Hedge Funds Weigh In On Commvault Systems

A number of institutional investors have recently modified their holdings of CVLT. OLD National Bancorp IN raised its position in Commvault Systems by 7.1% during the fourth quarter. OLD National Bancorp IN now owns 2,187 shares of the software maker’s stock valued at $330,000 after acquiring an additional 145 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Commvault Systems by 295.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 57,089 shares of the software maker’s stock worth $8,615,000 after purchasing an additional 42,643 shares during the period. SteelPeak Wealth LLC increased its holdings in shares of Commvault Systems by 50.1% during the 4th quarter. SteelPeak Wealth LLC now owns 4,405 shares of the software maker’s stock valued at $665,000 after purchasing an additional 1,470 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Commvault Systems by 42.1% in the 4th quarter. Pacer Advisors Inc. now owns 10,315 shares of the software maker’s stock valued at $1,557,000 after purchasing an additional 3,054 shares during the period. Finally, KBC Group NV boosted its holdings in Commvault Systems by 60.4% during the fourth quarter. KBC Group NV now owns 1,816 shares of the software maker’s stock worth $274,000 after buying an additional 684 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity at Commvault Systems

In other news, insider Gary Merrill sold 1,523 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the sale, the insider now owns 93,007 shares in the company, valued at approximately $15,335,924.23. The trade was a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mirchandani sold 10,775 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 459,969 shares in the company, valued at $76,032,875.70. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,530 shares of company stock valued at $2,244,755 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

About Commvault Systems

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.