CommVault Systems, Inc. (NASDAQ:CVLT) announced its quarterly earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.08, Market Beat.com reports. The business earned $155.70 million during the quarter, compared to the consensus estimate of $148.33 million.

In other CommVault Systems news, Director Armando Geday sold 3,500 shares of the firm’s stock in a transaction on Tuesday, November 17th. The stock was sold at an average price of $39.70, for a total value of $138,950.00. Following the transaction, the director now owns 66,951 shares in the company, valued at approximately $2,657,954.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Carolan sold 4,000 shares of the firm’s stock in a transaction on Wednesday, December 2nd. The shares were sold at an average price of $41.90, for a total value of $167,600.00. Following the completion of the transaction, the chief financial officer now owns 80,277 shares in the company, valued at approximately $3,363,606.30. The disclosure for this sale can be found here.

Shares of CommVault Systems (NASDAQ:CVLT) opened at 31.37 on Wednesday. The company has a 50-day moving average of $36.85 and a 200-day moving average of $37.57. The stock’s market capitalization is $1.42 billion. CommVault Systems has a 1-year low of $29.41 and a 1-year high of $49.34.

A number of research analysts have weighed in on the stock. William Blair upgraded shares of CommVault Systems to a “buy” rating in a research report on Tuesday, October 20th. Pacific Crest boosted their price objective on shares of CommVault Systems from $47.00 to $49.00 in a research report on Wednesday, October 28th. Macquarie boosted their price objective on shares of CommVault Systems from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, October 28th. Mitsubishi UFJ Financial Group Inc assumed coverage on shares of CommVault Systems in a research report on Wednesday, January 13th. They set an “overweight” rating on the stock. Finally, Mizuho cut their price objective on shares of CommVault Systems from $44.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, January 22nd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $43.36.

CommVault Systems, Inc. (NASDAQ:CVLT) 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.

12 Month Chart for NASDAQ:CVLT

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