Credit Suisse Raises Price Target on Commvault Systems (CVLT)
Research analysts at Credit Suisse (NYSE: CS) lifted their target price on shares of Commvault Systems (NASDAQ: CVLT) to $50.00 in a report released on Thursday. The firm currently has a “neutral” rating on the stock.
Commvault Systems traded down 1.01% on Thursday, hitting $52.91. Commvault Systems has a 52-week low of $30.97 and a 52-week high of $55.49. The company has a market cap of $2.350 billion and a price-to-earnings ratio of 78.60.
Commvault Systems last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. Analysts expect that Commvault Systems will post $0.28 EPS next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Commvault Systems in a research note to investors on Wednesday. Finally, analysts at Wunderlich raised their price target on shares of Commvault Systems from $37.00 to $56.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock.
CommVault Systems, Inc. (CommVault) is a provider of data and information management software applications and related services.