Somewhat Positive Press Coverage Somewhat Unlikely to Impact CommVault Systems (CVLT) Stock Price
News headlines about CommVault Systems (NASDAQ:CVLT) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CommVault Systems earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.0947903941808 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
CommVault Systems (CVLT) opened at 60.15 on Monday. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 1055.26 and a beta of 1.44. CommVault Systems has a 12-month low of $47.61 and a 12-month high of $64.60. The stock has a 50 day moving average of $59.88 and a 200 day moving average of $55.30.
CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The company had revenue of $165.97 million during the quarter, compared to analysts’ expectations of $159.92 million. During the same quarter in the prior year, the company posted $0.21 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Equities research analysts anticipate that CommVault Systems will post $1.22 earnings per share for the current year.
Several research firms have recently weighed in on CVLT. Jefferies Group LLC boosted their target price on shares of CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. KeyCorp reissued a “buy” rating and issued a $70.00 target price on shares of CommVault Systems in a research report on Friday, September 1st. BidaskClub raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Mitsubishi UFJ Financial Group set a $70.00 target price on shares of CommVault Systems and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Finally, Mizuho reissued a “buy” rating and issued a $75.00 target price (up previously from $70.00) on shares of CommVault Systems in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. CommVault Systems currently has a consensus rating of “Buy” and a consensus target price of $69.80.
In related news, insider Gary Merrill sold 15,000 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $57.51, for a total transaction of $862,650.00. Following the completion of the sale, the insider now owns 39,312 shares in the company, valued at approximately $2,260,833.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brian Carolan sold 8,000 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $62.95, for a total transaction of $503,600.00. Following the sale, the vice president now owns 82,471 shares of the company’s stock, valued at approximately $5,191,549.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,247 shares of company stock valued at $4,136,094. Corporate insiders own 13.40% of the company’s stock.
About CommVault Systems
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