Mizuho Lowers Price Target on Commvault Systems (CVLT)
Equities research analysts at Mizuho lowered their price target on shares of Commvault Systems (NASDAQ: CVLT) from $51.00 to $48.00 in a research note issued to investors on Wednesday. The firm currently has a “neutral” rating on the stock.
Commvault Systems opened at 54.43 on Wednesday. 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 $2.406 billion and a price-to-earnings ratio of 95.49.
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.
CommVault Systems, Inc. (CommVault) is a provider of data and information management software applications and related services.