CommVault Systems (CVLT) Reaches New 12-Month Low at $48.65

CommVault Systems, Inc. (NASDAQ:CVLT) reached a new 52-week low on Monday . The stock traded as low as $48.65 and last traded at $48.79, with a volume of 826 shares trading hands. The stock had previously closed at $49.27.

Several research firms recently weighed in on CVLT. BidaskClub lowered CommVault Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Mitsubishi UFJ Financial Group lowered their price objective on CommVault Systems from $74.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. ValuEngine cut CommVault Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Zacks Investment Research cut CommVault Systems from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Finally, Lake Street Capital cut CommVault Systems from a “buy” rating to a “hold” rating and lowered their price objective for the company from $69.00 to $60.00 in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $67.83.

The company has a market cap of $2.25 billion, a PE ratio of 80.97, a price-to-earnings-growth ratio of 6.99 and a beta of 1.10.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, April 30th. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.22. The business had revenue of $181.40 million during the quarter, compared to analysts’ expectations of $189.02 million. CommVault Systems had a return on equity of 6.30% and a net margin of 0.50%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, equities analysts anticipate that CommVault Systems, Inc. will post 0.45 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Fort L.P. purchased a new position in shares of CommVault Systems in the fourth quarter worth $31,000. Captrust Financial Advisors raised its stake in shares of CommVault Systems by 161.5% in the fourth quarter. Captrust Financial Advisors now owns 1,080 shares of the software maker’s stock worth $64,000 after purchasing an additional 667 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of CommVault Systems by 40.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,258 shares of the software maker’s stock worth $81,000 after purchasing an additional 360 shares during the last quarter. Anderson Fisher LLC purchased a new position in shares of CommVault Systems in the first quarter worth $106,000. Finally, First Mercantile Trust Co. purchased a new position in shares of CommVault Systems in the fourth quarter worth $117,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

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About CommVault Systems (NASDAQ:CVLT)

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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