In a report released yesterday, Aaron Rakers from Wells Fargo maintained a Buy rating on CommVault Systems (CVLT – Research Report). The company’s shares closed yesterday at $102.47.
According to TipRanks, Rakers is a top 100 analyst with an average return of 26.2% and a 67.68% success rate. Rakers covers the Technology sector, focusing on stocks such as Intel, Micron, and Western Digital.
In addition to Wells Fargo, CommVault Systems also received a Buy from KeyBanc’s Thomas Blakey in a report issued today. However, yesterday, Lake Street assigned a Hold rating to CommVault Systems (NASDAQ: CVLT).
Based on CommVault Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $216.81 million and a net profit of $17.14 million. In comparison, last year the company earned a revenue of $195.07 million and had a GAAP net loss of $310 thousand
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVLT in relation to earlier this year.
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CommVault Systems (CVLT) Company Description:
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.
