Commvault Systems (CVLT) is scheduled to report 2nd quarter earnings on 10/29/2024, before the market opens.
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Regarding Q2 estimates, Wall Street analysts expect Commvault Systems to post earnings of $0.76 per share. Revenue expectations are pegged at $220.76 million. Last quarter, Commvault Systems beat earnings estimates, reporting EPS of $0.85 on estimates of $0.73. The stock rose by 22.85% the day after the last earnings release.
Year-to-date, CVLT stock has risen by 68.09%.
Is Commvault Systems Stock a Buy?
Wall Street’s consensus rating for CVLT stock is a Moderate Buy, with an average analyst price target of $159.67, implying upside potential of 18.96% from current levels.
CVLT shares have gained about 36.54% 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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