Jefferies Group Reiterates Hold on Commvault Systems (CVLT)

By admin | 6 years ago

Commvault Systems (NASDAQ: CVLT)‘s stock had its “hold” rating restated by analysts at Jefferies Group (NYSE: JEF) in a research report issued to clients and investors on Wednesday.

A number of other analysts have also recently weighed in on CVLT. 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. Separately, analysts at Needham & Company raised their price target on shares of Commvault Systems from $55.00 to $61.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Mizuho cut their price target on shares of Commvault Systems from $51.00 to $48.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock.

Commvault Systems traded down 2.18% on Wednesday, hitting $53.242. 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 $2.365 billion and a price-to-earnings ratio of 80.04.

Commvault Systems last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.03. The company’s quarterly revenue 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.

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