Wall Street analysts forecast that CommVault Systems, Inc. (NASDAQ:CVLT) will announce $0.31 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for CommVault Systems’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.32. CommVault Systems posted earnings per share of $0.28 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The company is expected to issue its next quarterly earnings report on Wednesday, January 24th.

On average, analysts expect that CommVault Systems will report full year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.08 to $1.11. For the next fiscal year, analysts expect that the firm will post earnings of $1.34 per share, with EPS estimates ranging from $1.18 to $1.51. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). CommVault Systems had a net margin of 0.28% and a negative return on equity of 0.17%. The business had revenue of $168.14 million for the quarter, compared to the consensus estimate of $170.15 million. During the same period in the previous year, the firm earned $0.25 EPS. The company’s revenue was up 5.5% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of CommVault Systems from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research raised shares of CommVault Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Jefferies Group reissued a “buy” rating on shares of CommVault Systems in a research report on Thursday, October 26th. Wells Fargo & Co assumed coverage on shares of CommVault Systems in a research report on Tuesday, November 14th. They set an “outperform” rating and a $64.00 price objective for the company. Finally, Royal Bank of Canada reissued a “hold” rating on shares of CommVault Systems in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $70.00.

Shares of CommVault Systems (NASDAQ:CVLT) traded down $0.28 during mid-day trading on Friday, hitting $53.85. 225,435 shares of the stock were exchanged, compared to its average volume of 338,532. CommVault Systems has a 12-month low of $47.61 and a 12-month high of $64.60. The company has a market cap of $2,470.00, a P/E ratio of 1,795.00, a price-to-earnings-growth ratio of 65.61 and a beta of 1.44.

In other CommVault Systems news, insider Gary Merrill sold 7,260 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $62.28, for a total value of $452,152.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CVLT. Schwab Charles Investment Management Inc. raised its position in shares of CommVault Systems by 3.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 251,653 shares of the software maker’s stock valued at $14,206,000 after buying an additional 7,704 shares in the last quarter. Legal & General Group Plc grew its holdings in CommVault Systems by 21.1% during the 2nd quarter. Legal & General Group Plc now owns 31,144 shares of the software maker’s stock valued at $1,759,000 after purchasing an additional 5,434 shares during the last quarter. Prudential Financial Inc. grew its holdings in CommVault Systems by 108.6% during the 2nd quarter. Prudential Financial Inc. now owns 237,527 shares of the software maker’s stock valued at $13,408,000 after purchasing an additional 123,680 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CommVault Systems by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock valued at $107,000 after purchasing an additional 203 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in CommVault Systems by 6.0% during the 2nd quarter. Principal Financial Group Inc. now owns 181,417 shares of the software maker’s stock valued at $10,241,000 after purchasing an additional 10,336 shares during the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.

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Earnings History and Estimates for CommVault Systems (NASDAQ:CVLT)

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