Commvault Systems (CVLT) is scheduled to report 1st quarter earnings on 08/01/2023, before the market opens.
Regarding Q1 estimates, Wall Street analysts expect Commvault Systems to post earnings of $0.64 per share. Revenue expectations are pegged at $197.19 million. Last quarter, Commvault Systems beat earnings estimates, reporting EPS of $0.73 on estimates of $0.62. The stock rose by 5.31% the day after the last earnings release.
Year-to-date, CVLT stock has risen by 21.87%.
Is Commvault Systems Stock a Buy?
Wall Street’s consensus rating for CVLT stock is a Hold, with an average analyst price target of $66.50, implying downside potential of -14.62% from current levels.
CVLT shares have gained about 24.27% in the past six months.
About Commvault Systems
Commvault Systems, Inc. engages in the provision of data protection and information management software applications and related services. It products include Complete back up and recovery, Hyperscale, Activate, and Orchestrate. IT also offers professional, managed, support, and training services. The company was founded in 1996 and is headquartered in Tinton Falls, NJ.
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