Commvault Systems (CVLT) Scheduled to Post Earnings on Tuesday

Commvault Systems (NASDAQ:CVLT) will be issuing its quarterly earnings data before the market opens on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Commvault Systems has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The company had revenue of $223.29 million during the quarter, compared to the consensus estimate of $213.00 million. Commvault Systems had a return on equity of 31.27% and a net margin of 20.13%. On average, analysts expect Commvault Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Commvault Systems Price Performance

Shares of NASDAQ:CVLT opened at $124.60 on Monday. Commvault Systems has a 1 year low of $63.70 and a 1 year high of $127.94. The company has a market capitalization of $5.45 billion, a PE ratio of 33.14 and a beta of 0.61. The business has a fifty day moving average price of $117.85 and a two-hundred day moving average price of $103.65.

Insider Buying and Selling

In other Commvault Systems news, Director Charles E. Moran sold 11,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were 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 in the company, valued at $1,215,472.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Vivie Lee sold 2,500 shares of Commvault Systems stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $112.19, for a total value of $280,475.00. Following the transaction, the director now owns 13,589 shares in the company, valued at $1,524,549.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Charles E. Moran sold 11,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $110.83, for a total value of $1,219,130.00. Following the completion of the sale, the director now directly owns 10,967 shares of the company’s stock, valued at approximately $1,215,472.61. The disclosure for this sale can be found here. Insiders sold 59,816 shares of company stock worth $6,613,874 in the last quarter. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CVLT has been the subject of several research reports. Royal Bank of Canada increased their price target on shares of Commvault Systems from $97.00 to $112.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 1st. Piper Sandler boosted their price target on shares of Commvault Systems from $107.00 to $123.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. StockNews.com raised Commvault Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 11th. DA Davidson raised their target price on shares of Commvault Systems from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Finally, Guggenheim reiterated a “buy” rating and set a $122.00 target price on shares of Commvault Systems in a research report on Tuesday, June 25th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.29.

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.