CVLT - Commvault Systems, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
40.46
+1.50 (+3.85%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close38.96
Open38.90
Bid40.48 x 800
Ask40.53 x 900
Day's Range38.57 - 40.54
52 Week Range24.26 - 51.90
Volume425,863
Avg. Volume780,628
Market Cap1.868B
Beta (5Y Monthly)0.76
PE Ratio (TTM)N/A
EPS (TTM)-0.12
Earnings DateJul 28, 2020 - Aug 03, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est50.57
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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-37% Est. Return
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  • Thomson Reuters StreetEvents

    Edited Transcript of CVLT earnings conference call or presentation 12-May-20 12:30pm GMT

    Q4 2020 Commvault Systems Inc Earnings Call

  • Commvault Systems, Inc. (NASDAQ:CVLT) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?
    Simply Wall St.

    Commvault Systems, Inc. (NASDAQ:CVLT) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?

    There's been a notable change in appetite for Commvault Systems, Inc. (NASDAQ:CVLT) shares in the week since its...

  • Commvault Wins Big with CRN's 2020 Women of the Channel
    PR Newswire

    Commvault Wins Big with CRN's 2020 Women of the Channel

    Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, announced today that CRN®, a brand of The Channel Company, has named eleven of its global leaders to its esteemed 2020 Women of the Channel list.

  • CommVault Systems (CVLT) Q4 Earnings, Revenues Decline Y/Y
    Zacks

    CommVault Systems (CVLT) Q4 Earnings, Revenues Decline Y/Y

    Commvault Systems (CVLT) fourth-quarter fiscal 2020 results hurt by declines in product and service revenues especially in America and Asia Pacific and Japan (APJ) due to coronavirus lockdown.

  • Commvault Systems, Inc. (CVLT) Q4 2020 Earnings Call Transcript
    Motley Fool

    Commvault Systems, Inc. (CVLT) Q4 2020 Earnings Call Transcript

    Ladies and gentlemen, thank you for standing by and welcome to the Commvault Fourth Quarter Full Year 2020 Earnings Conference Call. Good morning and thanks for dialing in today for our call to discuss our fourth quarter and fiscal year 2020 Earnings Results.

  • Commvault Systems (CVLT) Misses Q4 Earnings and Revenue Estimates
    Zacks

    Commvault Systems (CVLT) Misses Q4 Earnings and Revenue Estimates

    Commvault (CVLT) delivered earnings and revenue surprises of -23.08% and -4.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Benzinga

    Commvault Systems: Q4 Earnings Insights

    Shares of Commvault Systems (NASDAQ:CVLT) remained unaffected at $45.33 after the company reported Q4 results.Quarterly Results Earnings per share decreased 41.18% over the past year to $0.30, which missed the estimate of $0.38.Revenue of $164,749,000 lower by 9.19% from the same period last year, which missed the estimate of $173,030,000.Looking Ahead Commvault Systems hasn't issued any earnings guidance for the time being.Commvault Systems hasn't issued any revenue guidance for the time being.Conference Call Details Date: May 12, 2020View more earnings on CVLTTime: 08:05 PM ETWebcast URL: https://edge.media-server.com/mmc/p/5pg5wyuuRecent Stock Performance Company's 52-week high was at $51.9052-week low: $24.26Price action over last quarter: Up 1.55%Company Description Commvault Systems Inc provides data and information management software applications and services. Its flagship Simpana Software is delivered on a unified platform with customizable licensed modules that provide backup and recovery, archive, replication, and analytic capabilities across physical, virtual, and cloud environments. The firm sells software licenses and services to large global enterprises, small and midsize businesses, and government agencies through both its salesforce and its network of reseller partners. Most of the firm's revenue is generated in the United States, but the firm has a presence in many other countries.See more from Benzinga * Recap: Vishay Intertechnology Q1 Earnings * 10 Real Estate Stocks Moving In Tuesday's Pre-Market Session * 12 Energy Stocks Moving In Tuesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Commvault Announces Fiscal 2020 Fourth Quarter Financial Results
    PR Newswire

    Commvault Announces Fiscal 2020 Fourth Quarter Financial Results

    Fourth Quarter and Fiscal 2020 Highlights Include:

  • 3 Stocks Needham’s Top Analysts Are Raving About
    TipRanks

    3 Stocks Needham’s Top Analysts Are Raving About

    The worst monthly jobs report in the series’ 72-year history wasn’t able to derail the market’s recent rally. Labor Department data showed that the US lost 20.5 million jobs in April, sending the unemployment rate up to 14.7%.But there may be some glints of hope. First, the unemployment number came in slightly lower than the 22 million predicted, in a sign that maybe – just maybe – the third quarter will be less bad. There is one more point, sometimes overlooked, that may bear out the upbeat view. Unlike previous recessionary events, in which job losses were permanent, the Labor Department data this time shows that nearly 18 million of the unemployed are reported as ‘temporarily out of work;’ that is, they can expect to find their jobs waiting for them once the economy reopens. Yes, the recovery will take longer than the initial fall – but there is a chance that it will come on faster and stronger than the naysayers believe.The market’s resilience in the face of high unemployment and the ongoing pandemic issues raises a question, of course: which stocks are best to buy into? The analysts at investment firm Needham have pinpointed three companies in the networking and cloud software fields that are primed for gains.Using TipRanks’ Stock Comparison tool, we lined up the three alongside each other to get the lowdown on what the near-term holds for these top Needham picks.Ceragon Networks, Ltd. (CRNT)First on the list is Ceragon, a manufacturer of wireless networking hardware. Ceragon is heavily invested in both urban wireless infrastructure and the coming 5G rollout, making it uniquely well positioned to benefit from the lockdown orders. As people are required to remain at home, and hundreds of thousands of workers switched to remote work situations, demand for wireless services has increased.Despite running net losses for the past two quarters, Ceragon shares have dramatically outperformed the broader markets. Since the bear cycle began on February 19, Ceragon has actually gained 12%, making a sharp contrast with the 13% net loss on the S&P 500 index.Covering this stock for Needham, 5-star analyst Alex Henderson writes: “We expect Ceragon to weather the current economic challenges as it sells to Service Providers. The company noted a strengthening of demand due to sharp increases in network traffic. We expect demand to outstrip Revenue, driving a positive Book-to-Bill across CY20... Longer term, we see Ceragon as a clear 5G beneficiary. As we move into CY21, demand for higher speeds and greater software flexibility play to Ceragon's key product advantages.”In line with his long-term optimism, Henderson upgraded his stance on Ceragon from Neutral to Buy. His $3.25 price target implies an impressive upside potential of 46%. (To watch Henderson’s track record, click here)Looking at the consensus breakdown, only one other analyst has thrown an opinion into the mix. The rating is a Hold, making the Street consensus a Moderate Buy. (See Ceragon stock analysis on TipRanks)CommVault Systems (CVLT)Next up is a software company, in the cybersecurity niche. CommVault offers products for data management and protection, as well as backup and recovery, retention and compliance, and cloud management. The value of Commvault’s product in today’s digital world is clear: in fiscal 2019, the company brought in $711 million in total revenues.CommVault will report earnings for the current quarter (fiscal Q4) on May 12, and is expected to show EPS of 9 cents, up 28% year-over-year despite the recessionary pressures of recent months. In its last quarter, fiscal Q3 reported in January, CVLT beat the forecasts on both earnings (showing 18 cents per share) and revenues (showing $176.4 million).Jack Andrews, another 5-star analyst with Needham, was impressed enough with CVLT to initiate coverage of the stock with a Buy rating and a $55 price target, suggesting a 22% growth potential for the coming year. (To watch Andrews’ track record, click here)Andrews lays out a clear case for near-term value here: “We believe revenue growth could benefit from a renewal cycle which should begin to occur in FY21. In essence, CVLT has transitioned its perpetual software business to a recurring model and these contracts are expected to come up for renewal… we believe this should provide a tailwind to growth.”CommVault has attracted more attention from Wall Street than Ceragon above, and that attention is mainly positive. Of 5 recent reviews, 4 are Buys and one is a Hold, giving the stock an analyst consensus rating of Strong Buy. Shares are selling for $45, and the $50 average price target implies room for an 11% upside potential. (See CommVault stock analysis on TipRanks)Dynatrace, Inc. (DT)Last up is Dynatrace, another software company. Dynatrace focuses on AI software designed to monitor and manage cloud infrastructure, important functions for cloud and networking companies. DT’s products help minimize networking strains by tagging potential problems before they disrupt systems.Dynatrace went public just one year ago, and turned profitable in Q4 2019, when it showed 6 cents EPS. The estimate for the coming earnings report is for a 3-cent per share profit. The fact that DT is turning profits so soon after its IPO, and even in the current COVID-19 environment, is testament to the strength and necessity of the company’s niche. This is another company that impressed Needham’s Andrews enough to initiate coverage as a Buy. He wrote of Dynatrace, “We believe Dynatrace has room to grow its already leading position within enterprise customers, which are only ~10% penetrated. Additionally, we believe the expansion opportunity is still nascent as ~80% of DT's expansion business is derived from the growth of APM to additional hosts… new catalysts that should drive improved monetization, and an attractive valuation on both an absolute and relative basis.”Andrews backed his Buy rating with a $36 price target, indicating his confidence in a 10% upside potential for the stock.DT shares have recently powered right through their average price target, another indicator of investor confidence. The stock sells for $32.99, about 13% above the average price target of $28.80. Expect Wall Street’s investors to revisit their expectations here in the near future. In the meantime, 8 of 10 reviews on this stock are to Buy, giving DT a Strong Buy analyst consensus rating. (See Dynatrace stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Tech Stocks to Watch for Earnings on May 12: DT, CVLT & EGHT
    Zacks

    Tech Stocks to Watch for Earnings on May 12: DT, CVLT & EGHT

    Here we take a sneak peek at three tech stocks lined up to report quarterly earnings on May 12.

  • Commvault and Zones Partner to Deliver Metallic Office 365 Backup & Recovery
    PR Newswire

    Commvault and Zones Partner to Deliver Metallic Office 365 Backup & Recovery

    Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, today announced that Metallic™, a Commvault® venture, is working with Zones, LLC, a global IT solutions provider committed to helping businesses complete their digital transformation, to further deliver SaaS-based data protection for Microsoft Office 365 and the Azure cloud through Metallic Office 365 Backup & Recovery. Together Metallic and Zones are expanding their market footprint and reaching more companies that require industry-leading data protection with a simple SaaS delivery model.

  • Commvault Announces Earnings Release Date
    PR Newswire

    Commvault Announces Earnings Release Date

    Commvault (NASDAQ: CVLT) - Commvault will release the Company's financial results for its fiscal fourth quarter and full year ended March 31, 2020, on Tuesday, May 12, 2020, followed by a webcast and conference call at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time).

  • Analysts Estimate Commvault Systems (CVLT) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Commvault Systems (CVLT) to Report a Decline in Earnings: What to Look Out for

    Commvault (CVLT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Why Commvault (CVLT) Could Beat Earnings Estimates Again
    Zacks

    Why Commvault (CVLT) Could Beat Earnings Estimates Again

    Commvault (CVLT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Commvault and NetApp Expand Critical Data Protection and Recovery for Hybrid Cloud Environments
    PR Newswire

    Commvault and NetApp Expand Critical Data Protection and Recovery for Hybrid Cloud Environments

    Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, today announced the launch of NetApp Scale-out Data Protection (SDP), to offer expanded rapid recovery support for critical data across NetApp's hybrid-enabled storage systems. NetApp SDP takes advantage of the NetApp portfolio and is powered by Commvault Complete™ Backup and Recovery software to provide snapshot management, backup, and disaster recovery functionality.

  • Commvault Initiates Patent Infringement Litigation Against Cohesity and Rubrik
    PR Newswire

    Commvault Initiates Patent Infringement Litigation Against Cohesity and Rubrik

    Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in data management across cloud and on-premises environments, today filed lawsuits in federal court in Delaware alleging Cohesity, Inc. and Rubrik, Inc. collectively infringe seven Commvault patents relating to data management technologies including cloud, data deduplication, snapshots, search, security and virtualization.

  • Coronavirus Sell-Off A Major Opportunity For Activist Investors
    Benzinga

    Coronavirus Sell-Off A Major Opportunity For Activist Investors

    The recent market volatility and coronavirus-induced sell-off create an ideal opportunity for activist investors, who are value investors at their core, CNBC contributor and 13D Activist Fund founder Kenneth Squire said Friday on CNBC's "Fast Money."What Happened Activist investors have a larger pool of companies to get involved with, and the recent weakness makes it easier to identify poor management teams, Squire said.This gives activist investors an opportunity to "create their own catalyst" to close the valuation gap, he said.Periods of stock market weakness also work in activists' favor, as it is typically easier to find support and "get their agenda implemented," he said. Fellow investors are more eager to lend support to activist campaigns, especially if they are losing money on the stock during the downturn.Why It's Important Even if an activist holds the upper hand in the current environment, it is difficult to push a company like Apple Inc. (NASDAQ: AAPL) to enact any changes, Squire said. The "best" activism is reserved for smaller and mid-cap companies that are typically less liquid and have an entrenched board of directors or operational issues, he said. What's Next Business software company CommVault Systems, Inc. (NASDAQ: CVLT) was identified by Squire in a CNBC.com article as a name to watch after activist investor Starboard Value amassed a stake, nominating four directors to its 11 person board.A company like CommVault is falling short of its potential, with an operating margin in the mid-teens versus a 25% target, he wrote. Starboard could bring in a more disciplined strategy and help lift margins north of 30%, according to Squire. "This is a situation where stockholders could greatly benefit from someone coming in from the outside to instill cost discipline," Squire wrote."The best way to accomplish this would be through a board refreshment, and this is a board that can use refreshing -- three of the four directors up for re-election have an average tenure of 17 years."Related Links:Activist Investors Go Dormant As COVID-19 Depresses EconomyActivist Investor Seeks Changes To YRC BoardSee more from Benzinga * New Foods We Can't Wait To Try: Plenty Of Meal Kits And A Midnight Snack Guaranteed To Please * Smithfield CEO Says Pork, Meat 'Essential To Life' * Why Major Retailers Like Foot Locker, Macy's Aren't Qualifying For Government Aid(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Barrons.com

    Outback Steakhouse Parent and Commvault See Activist Actions

    Jana Partners disclosed a large stake in Bloomin’ Brands, while Starboard Value suggested director nominees for enterprise-IT firm Commvault, in which it owns a 9.9% stake.

  • Commvault Earns CRN® 5-Star Partner Rating and Recognition on Storage 100 List
    PR Newswire

    Commvault Earns CRN® 5-Star Partner Rating and Recognition on Storage 100 List

    Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, today announced two new industry recognitions from CRN®, a brand of The Channel Company – a 5-Star rating in CRN's 2020 Partner Program Guide, for the seventh year in a row, and a coveted spot on the first ever 2020 Storage 100 list from the go-to resource for channel news.

  • Reuters

    Starboard launches proxy fight at Commvault, nominates six to board

    Starboard Value has nominated six directors to the board at Commvault, setting the stage for a second battle in two years between the U.S. data protection and data management software company and an activist hedge fund. Starboard on Thursday told the company that it is nominating six people, including Jeffrey Smith, Starboard's chief executive, and Gavin Molinelli, a co-portfolio manager at the firm. Commvault has 11 board members.

  • Commvault Confirms Receipt of Director Nominations from Starboard Value
    PR Newswire

    Commvault Confirms Receipt of Director Nominations from Starboard Value

    Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, today confirmed that Starboard Value LP ("Starboard") has nominated six candidates to stand for election to the Commvault Board of Directors at the Company's 2020 Annual Meeting of Shareholders.

  • Commvault Names Martha Delehanty Chief People Officer
    PR Newswire

    Commvault Names Martha Delehanty Chief People Officer

    Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, today announced that it has named Martha Delehanty as its new chief people officer (CPO). Reporting directly to Sanjay Mirchandani, Commvault's president and CEO, Delehanty will use her deep understanding of global talent trends and needs to expand Commvault's employee recruitment, retention, and professional development capabilities.

  • Hedge Funds Have Never Been This Bullish On CommVault Systems, Inc. (CVLT)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On CommVault Systems, Inc. (CVLT)

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • Starboard’s Opportunistic Buying Of Commvault
    Insider Monkey

    Starboard’s Opportunistic Buying Of Commvault

    By March 12, when the S&P 500 Index was already down 15% and lockdowns in response to the COVID-19 pandemic were starting to become normalized, new activist stakes slowed to a minimum. Excluding governance-only campaigners and companies below $100 million in market-capitalization, there have been just over 20 in the past three weeks – many […]

  • Commvault Adopts Limited Duration Shareholder Rights Plan
    PR Newswire

    Commvault Adopts Limited Duration Shareholder Rights Plan

    Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, today announced that its Board of Directors has adopted a limited duration shareholder rights plan (the "Rights Plan").