Commvault Systems (NASDAQ:CVLT) Posts Quarterly Earnings Results, Misses Expectations By $0.46 EPS

Commvault Systems (NASDAQ:CVLT - Get Free Report) released its quarterly earnings results on Tuesday. The software maker reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.46), Zacks reports. Commvault Systems had a net margin of 18.14% and a return on equity of 28.69%. During the same quarter in the prior year, the company posted $0.78 EPS.

Commvault Systems Trading Up 0.9 %

CVLT stock traded up $1.38 during trading on Friday, reaching $159.28. 347,872 shares of the stock were exchanged, compared to its average volume of 495,109. Commvault Systems has a twelve month low of $88.34 and a twelve month high of $178.72. The company has a market capitalization of $6.97 billion, a P/E ratio of 41.81 and a beta of 0.65. The stock has a 50 day simple moving average of $163.11 and a 200-day simple moving average of $153.93.

Insiders Place Their Bets

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the sale, the director now directly owns 5,899 shares of the company's stock, valued at approximately $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Merrill sold 1,523 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $164.89, for a total value of $251,127.47. Following the completion of the transaction, the insider now directly owns 93,007 shares of the company's stock, valued at approximately $15,335,924.23. The trade was a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,530 shares of company stock worth $2,244,755. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com downgraded Commvault Systems from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 16th. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a research report on Thursday. Royal Bank of Canada lifted their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Oppenheimer assumed coverage on shares of Commvault Systems in a report on Wednesday, November 13th. They set an "outperform" rating and a $200.00 price objective for the company. Finally, Cantor Fitzgerald boosted their target price on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.44.

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.