Commvault Systems (CVLT) to Release Earnings on Tuesday

Commvault Systems (NASDAQ:CVLT - Get Free Report) will be announcing its earnings results before the market opens on Tuesday, October 29th. 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 Q2 2025 guidance at EPS.Parties that wish to listen to the company's conference call can do so using this link.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.85 EPS for the quarter, topping the consensus estimate of $0.73 by $0.12. Commvault Systems had a net margin of 20.19% and a return on equity of 32.16%. The business had revenue of $224.67 million during the quarter, compared to the consensus estimate of $215.54 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company's quarterly revenue was up 13.4% compared to the same quarter last year. 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 Trading Down 2.4 %

CVLT traded down $3.37 on Tuesday, hitting $135.57. 398,522 shares of the company were exchanged, compared to its average volume of 344,997. The firm has a 50-day moving average price of $150.34 and a two-hundred day moving average price of $128.20. Commvault Systems has a twelve month low of $63.70 and a twelve month high of $165.73. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 36.06 and a beta of 0.60.

Wall Street Analyst Weigh In

Several research analysts have commented on CVLT shares. DA Davidson boosted their price target on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Royal Bank of Canada increased their price objective on Commvault Systems from $121.00 to $152.00 and gave the company a "sector perform" rating in a report on Wednesday, July 31st. Piper Sandler upped their price target on Commvault Systems from $107.00 to $123.00 and gave the company a "neutral" rating in a report on Monday, July 15th. KeyCorp upped their target price on shares of Commvault Systems from $140.00 to $170.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, StockNews.com cut shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $140.00.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.89, for a total transaction of $189,592.48. Following the completion of the transaction, the director now owns 7,131 shares in the company, valued at approximately $1,097,389.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Commvault Systems news, insider Gary Merrill sold 17,388 shares of Commvault Systems stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $150.76, for a total value of $2,621,414.88. Following the completion of the sale, the insider now owns 94,530 shares in the company, valued at $14,251,342.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Allison Pickens sold 1,232 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.89, for a total transaction of $189,592.48. Following the transaction, the director now owns 7,131 shares in the company, valued at approximately $1,097,389.59. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

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.