Stock analysts at Jefferies Group hoisted their price objective on shares of CommVault Systems (NASDAQ:CVLT) from $74.00 to $78.00 in a report issued on Thursday, AnalystRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price suggests a potential downside of 11.08% from the stock’s previous close.
Shares of CommVault Systems (NASDAQ:CVLT) traded down 0.19% during mid-day trading on Thursday, hitting $87.55. CommVault Systems has a 52 week low of $49.08 and a 52 week high of $88.14. The stock’s 50-day moving average is currently $79.01. The company has a market cap of $4.069 billion and a P/E ratio of 79.75.
CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $134.40 million for the quarter, compared to the consensus estimate of $132.24 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, analysts predict that CommVault Systems will post $1.70 earnings per share for the current fiscal year.
CVLT has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of CommVault Systems from $65.00 to $75.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Pacific Crest upgraded shares of CommVault Systems from a “sector perform” rating to an “outperform” rating in a research note to investors on Tuesday, June 18th. They now have a $92.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of CommVault Systems from $75.00 to $85.00 in a research note to investors on Wednesday, May 8th. They now have a “sector perform” rating on the stock.
Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $79.83.
In other CommVault Systems news, CAO Gary Merrill unloaded 1,219 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $85.00, for a total transaction of $103,615.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
CommVault Systems, Inc (NASDAQ:CVLT) is a provider of data and information management software applications and related services.
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