CommVault Systems (NASDAQ:CVLT) Getting Somewhat Positive Media Coverage, Study Shows

Press coverage about CommVault Systems (NASDAQ:CVLT) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CommVault Systems earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 46.6617614754306 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several equities analysts recently weighed in on the stock. Wells Fargo & Co lifted their target price on shares of CommVault Systems from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, June 7th. BidaskClub lowered shares of CommVault Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Mitsubishi UFJ Financial Group boosted their price objective on shares of CommVault Systems and gave the stock a “neutral” rating in a report on Wednesday, July 25th. ValuEngine lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, August 18th. Finally, Zacks Investment Research upgraded shares of CommVault Systems from a “hold” rating to a “strong-buy” rating and set a $74.00 price objective on the stock in a report on Friday, July 27th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $75.56.

Shares of NASDAQ:CVLT traded up $0.60 during trading on Friday, reaching $69.65. 225,300 shares of the company’s stock traded hands, compared to its average volume of 500,849. CommVault Systems has a 12 month low of $48.35 and a 12 month high of $72.65. The company has a market cap of $3.13 billion, a PE ratio of -117.29, a P/E/G ratio of 7.23 and a beta of 1.12.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, July 24th. The software maker reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. CommVault Systems had a negative net margin of 9.89% and a positive return on equity of 0.72%. The business had revenue of $176.18 million during the quarter, compared to the consensus estimate of $177.92 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. analysts expect that CommVault Systems will post 0.6 earnings per share for the current fiscal year.

In other CommVault Systems news, VP Brian Carolan sold 5,484 shares of the company’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $71.90, for a total value of $394,299.60. Following the completion of the transaction, the vice president now owns 102,796 shares in the company, valued at approximately $7,391,032.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Ronald L. Miiller sold 2,213 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $65.00, for a total transaction of $143,845.00. Following the completion of the transaction, the senior vice president now owns 98,117 shares of the company’s stock, valued at $6,377,605. The disclosure for this sale can be found here. In the last 90 days, insiders sold 141,518 shares of company stock valued at $9,455,463. 13.40% of the stock is owned by insiders.

CommVault Systems Company Profile

Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.

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Insider Buying and Selling by Quarter for CommVault Systems (NASDAQ:CVLT)

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