CommVault Systems (NASDAQ:CVLT) posted its quarterly earnings results on Tuesday. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.08, Analyst Ratings Network.com reports. The company had revenue of $141.90 million for the quarter, compared to the consensus estimate of $140.11 million.
CommVault Systems (NASDAQ:CVLT) opened at 82.50 on Tuesday. CommVault Systems has a 52-week low of $52.84 and a 52-week high of $88.57. The stock has a 50-day moving average of $84.94 and a 200-day moving average of $78.05. The company has a market cap of $3.855 billion and a price-to-earnings ratio of 71.24.
Several analysts have recently commented on the stock. Analysts at Lazard Capital Markets reiterated a “buy” rating on shares of CommVault Systems in a research note to investors on Wednesday, October 16th. On the ratings front, analysts at Jefferies Group reiterated a “hold” rating on shares of CommVault Systems in a research note to investors on Thursday, September 26th. They now have a $78.00 price target on the stock. Finally, analysts at Pacific Crest raised their price target on shares of CommVault Systems from $92.00 to $105.00 in a research note to investors on Thursday, September 26th. They now have an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. CommVault Systems presently has an average rating of “Hold” and an average target price of $80.92.
CommVault Systems, Inc (NASDAQ:CVLT) is a provider of data and information management software applications and related services.
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