DA Davidson Has Pessimistic Outlook of CVLT FY2025 Earnings

Commvault Systems, Inc. (NASDAQ:CVLT) – Equities researchers at DA Davidson cut their FY2025 EPS estimates for shares of Commvault Systems in a report released on Tuesday, January 7th. DA Davidson analyst R. Kessinger now forecasts that the software maker will post earnings per share of $1.61 for the year, down from their previous estimate of $1.62. The consensus estimate for Commvault Systems’ current full-year earnings is $1.66 per share. DA Davidson also issued estimates for Commvault Systems’ FY2026 earnings at $1.66 EPS.

Other equities analysts also recently issued research reports about the stock. Guggenheim downgraded shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 15th. Royal Bank of Canada lifted their price objective on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Oppenheimer assumed coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price objective for the company. Finally, StockNews.com cut shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.25.

Commvault Systems Stock Up 3.1 %

NASDAQ:CVLT opened at $157.80 on Thursday. The company has a fifty day simple moving average of $165.54 and a two-hundred day simple moving average of $150.04. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 39.95 and a beta of 0.65. Commvault Systems has a 52 week low of $74.47 and a 52 week high of $178.72.

Commvault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $233.28 million during the quarter, compared to the consensus estimate of $220.76 million. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share.

Institutional Investors Weigh In On Commvault Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI acquired a new position in shares of Commvault Systems during the second quarter worth about $30,000. Capital Performance Advisors LLP acquired a new position in shares of Commvault Systems during the third quarter worth about $33,000. Strategic Financial Concepts LLC acquired a new position in shares of Commvault Systems during the second quarter worth about $56,000. Point72 DIFC Ltd acquired a new position in shares of Commvault Systems during the third quarter worth about $71,000. Finally, Signaturefd LLC increased its stake in shares of Commvault Systems by 43.9% during the third quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock worth $91,000 after acquiring an additional 180 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Commvault Systems

In related news, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary Merrill sold 1,523 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 93,007 shares of the company’s stock, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock valued at $2,244,755 over the last ninety days. Insiders own 1.00% 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.