Commvault Systems Inc reports results for the quarter ended September 30 - Earnings Summary

• Commvault Systems Inc CVLT reported quarterly adjusted earnings of 91 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 83 cents. The mean expectation of twelve analysts for the quarter was for earnings of 94 cents per share. Wall Street expected results to range from 91 cents to 97 cents per share.

• Revenue rose 18.4% to $276.19 million from a year ago; analysts expected $276.89 million.

• Commvault Systems Inc's reported EPS for the quarter was 33 cents​.

• The company reported quarterly net income of $14.73 million.

• Commvault Systems Inc shares had fallen by 7.7% this quarter and gained 15.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Commvault Systems Inc is $216.00, about 19.4% above its last closing price of $174.15

This summary was machine generated from LSEG data October 28 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)