CommVault Systems (CVLT) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.17. The company posted revenue of $152.41 million in the period, 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.
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 .
CommVault Systems opened for trading at $46.74 and hit $47.47 on the upside on Wednesday, eventually ending the session at $47.35, with a gain of 2.18% or 1.01 points. The heightened volatility saw the trading volume jump to 4,17,952 shares. Company has a market cap of $2,094 M.
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.