CommVault Systems (CVLT) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 54 from a previous price target of $47 . RBC Capital Mkts advised their investors in a research report released on Jul 27, 2016.
Many Wall Street Analysts have commented on CommVault Systems. Company shares were Reiterated by RBC Capital Mkts on May 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $43 .
On the company’s financial health, CommVault Systems reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.17. The company had revenue of $152.41 million for the quarter, compared to analysts expectations of $149.15 million. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
CommVault Systems closed down -0.34 points or -0.66% at $51.47 with 3,44,794 shares getting traded on Thursday. Post opening the session at $51.81, the shares hit an intraday low of $51.46 and an intraday high of $52.01 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 25, 2016, Gary Merrill (Chief Accounting Officer) sold 1,037 shares at $44.23 per share price. According to the SEC, on May 25, 2016, Armando Geday (director) sold 2,200 shares at $44.41 per share price. On May 13, 2016, Brian Carolan (VP Finance and CFO) sold 4,000 shares at $43.80 per share price, according to the Form-4 filing with the securities and exchange commission.
CommVault Systems Inc. (CommVault) is a provider of data and information management software applications and related services. The Company develops market and sell data and information management software applications under the Simpana Software brand. The Company develops markets and sells a suite of software applications and services primarily in North America Europe Australia and Asia that provides its customers with data protection including backup and recovery; data migration and archiving; snapshot management and replication of data; integrated source and target data deduplication; eDiscovery and compliance solutions; self-service access; a secure virtual repository using simpana contentStore; enterprise-wide search capabilities; protection recovery and discovery of data in virtual server and cloud environments; and robust built-in analytics and troubleshooting tools. Company also provides its customers with a range of professional and customer support services.