Cantor Fitzgerald Brokers Boost Earnings Estimates for CVLT

Commvault Systems, Inc. (NASDAQ:CVLT) – Cantor Fitzgerald upped their FY2025 EPS estimates for shares of Commvault Systems in a research note issued to investors on Wednesday, January 29th. Cantor Fitzgerald analyst T. Blakey now expects that the software maker will post earnings per share of $1.80 for the year, up from their previous estimate of $1.67. Cantor Fitzgerald currently has a “Neutral” rating and a $173.00 price target on the stock. The consensus estimate for Commvault Systems’ current full-year earnings is $1.68 per share.

Commvault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. Commvault Systems had a return on equity of 28.69% and a net margin of 18.14%. The firm had revenue of $233.28 million for the quarter, compared to the consensus estimate of $220.76 million. During the same quarter last year, the business posted $0.30 EPS. The company’s revenue was up 16.1% compared to the same quarter last year.

Other research analysts also recently issued research reports about the company. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research note on Wednesday. StockNews.com cut shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Royal Bank of Canada raised their target price 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 began coverage on shares of Commvault Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price target for the company. Finally, KeyCorp raised their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Commvault Systems presently has a consensus rating of “Moderate Buy” and an average target price of $156.44.

Commvault Systems Stock Up 0.9 %

Shares of CVLT stock opened at $159.26 on Thursday. The business has a fifty day simple moving average of $162.55 and a 200 day simple moving average of $154.21. The company has a market cap of $6.96 billion, a P/E ratio of 41.80 and a beta of 0.65. Commvault Systems has a twelve month low of $88.34 and a twelve month high of $178.72.

Insider Buying and Selling

In related 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 value of $212,520.00. Following the transaction, the director now directly owns 5,899 shares of the company’s stock, valued at $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary Merrill sold 1,523 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the sale, the insider now directly owns 93,007 shares of the company’s stock, valued at $15,335,924.23. This represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,530 shares of company stock valued at $2,244,755 over the last 90 days. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Commvault Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Commvault Systems in the 3rd quarter valued at about $33,000. TFC Financial Management Inc. increased its holdings in Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock worth $61,000 after purchasing an additional 300 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Commvault Systems in the third quarter valued at approximately $71,000. Signaturefd LLC boosted its holdings in shares of Commvault Systems by 43.9% during the 3rd quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock worth $91,000 after buying an additional 180 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new stake in shares of Commvault Systems during the 3rd quarter worth approximately $105,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Company Profile

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.