(CVLT) Shares Trading down at $57.90 Commvault Announces ScaleProtect â„¢…

0
59

Commvault Systems, Inc. (NASDAQ:CVLT):

Commvault Announces ScaleProtect â„¢ with Cisco UCS for Scale-Out Data Protection for the Enterprise.

The company is now down by 1.11% percent from yesterday’s close.

CommVault Systems, Inc. (CommVault), launched on April 19, 1996, is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data; policy-based data management, and an end user experience that allows them to protect, find and recover their own data using common tools, such as Web browsers, Microsoft Outlook and File Explorer. The Company also provides its customers with a range of professional and customer support services..

The stock last traded at $57.90 which is marginally lower than $60.91, the stock’s 50 day moving average and which is marginally over the 200 day moving average of $57.85. The 50 day moving average went down by -4.94% and the 200 day average went up by +0.08%.

Commvault Systems, Inc. currently has a P/E ratio of 1015.79 and the market cap of the company is 2.64B. As of the latest earnings report the EPS was $0.06 and is expected to be $1.22 for the current year with 45,517,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.35 and the next full year EPS is projected to be $1.46.

Traders are feeling more bullish on shares of the company of late if you put credence in the motion in short interest. The company had a fall in short interest of -3.70% as of September 29, 2017 from the last reporting period. Short interest fell from 948,676 to 913,537 over that period. Days to cover decreased -1.0 to 3.0 and the percentage of shorted shares is 0.02% as of September 29.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.