CommVault Systems (NASDAQ:CVLT) had its price target dropped by investment analysts at Lake Street Capital from $52.00 to $44.00 in a report released on Wednesday, The Fly reports. The brokerage currently has a “hold” rating on the software maker’s stock. Lake Street Capital’s price objective would indicate a potential upside of 17.93% from the company’s previous close.
Several other brokerages have also recently weighed in on CVLT. ValuEngine cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 29th. Needham & Company LLC reduced their price objective on shares of CommVault Systems from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday. TheStreet lowered shares of CommVault Systems from a “c-” rating to a “d+” rating in a research note on Tuesday, March 17th. BidaskClub lowered shares of CommVault Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, May 6th. Finally, Zacks Investment Research upgraded shares of CommVault Systems from a “sell” rating to a “hold” rating in a research note on Thursday, March 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $52.00.
CommVault Systems stock opened at $37.31 on Wednesday. The firm has a 50-day moving average of $40.50 and a two-hundred day moving average of $44.61. CommVault Systems has a 1 year low of $24.26 and a 1 year high of $51.90. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -100.84, a price-to-earnings-growth ratio of 11.68 and a beta of 0.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.57 and a quick ratio of 1.57.
(Ad)
Michael Kobler walked away from his $2 billion oil company. Andrew Bowering’s last lithium company saw its share price fly 6,351% in 18 months. Now, they’ve teamed up on a massive Nevada lithium property.
CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, May 12th. The software maker reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.08). CommVault Systems had a positive return on equity of 5.68% and a negative net margin of 2.44%. The business had revenue of $164.80 million during the quarter, compared to analysts’ expectations of $173.03 million. During the same period in the previous year, the company posted $0.51 EPS. CommVault Systems’s revenue for the quarter was down 9.2% on a year-over-year basis. Research analysts expect that CommVault Systems will post 0.48 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Los Angeles Capital Management & Equity Research Inc. increased its stake in CommVault Systems by 763.8% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 67,256 shares of the software maker’s stock valued at $3,002,000 after purchasing an additional 59,470 shares in the last quarter. State Street Corp increased its stake in CommVault Systems by 6.1% during the 3rd quarter. State Street Corp now owns 1,309,112 shares of the software maker’s stock valued at $58,530,000 after purchasing an additional 74,867 shares in the last quarter. Bank of Montreal Can increased its stake in CommVault Systems by 48.4% during the 4th quarter. Bank of Montreal Can now owns 209,377 shares of the software maker’s stock valued at $9,347,000 after purchasing an additional 68,244 shares in the last quarter. Alliancebernstein L.P. increased its stake in CommVault Systems by 17.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,514,233 shares of the software maker’s stock valued at $112,235,000 after purchasing an additional 376,325 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in CommVault Systems during the 4th quarter valued at approximately $371,000. Institutional investors and hedge funds own 96.39% of the company’s stock.
About CommVault Systems
Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.
Read More: What is Blockchain?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Dividend stocks are always in fashion. Income investors find that dividend stocks can be a replacement for low-yielding Treasury bonds and other bond options. But dividend stocks can also play a role in the growth investor’s portfolio. Dividend stocks by nature tend to lag behind the broader market. This is due to the nature of the companies that issue dividends. In many cases, these are mature companies who have the liquidity to not only use profits for growth but also to reward shareholders.
However, in a bull market dividend stocks can also provide a significant amount of growth. This can provide investors of all styles with a nice total return. For those that are new to dividend stocks, it’s important to know what to look for in a dividend stock. Yield is important, but it’s not everything.
What you’re looking for is a company that has a proven history of not only issuing dividends but ideally increasing the amount of those dividends on an annual basis.
In this presentation, we’ll highlight eight dividend stocks in various sectors that are the best to buy. And for most of these stocks, they’re a good buy today and well into the future.
