Commvault Systems, Inc. (NASDAQ:CVLT):
Commvault Innovation and Industry Leadership Drives Second Quarter Customer Business.
The company is trading 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..
Company shares are trading at $57.90 which is a tad under the 50 day moving average of $60.91 and which is just over the 200 day moving average of $57.85. The 50 day moving average moved down $-3.01 and the 200 day average moved up $0.05.
The most current P/E ratio is 1015.79 and the market value is 2.64B. As of the last earnings report the EPS was $0.06 and is projected to be $1.22 for the current year with 45,517,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.35 with next year’s EPS projected to be $1.46.
Short traders are more bullish on shares of Commvault Systems, Inc. if you take note of the downtick in short interest. The stock realized a fall in short interest from September 15, 2017 to September 29, 2017 of -3.70%. Short shares fell from 948,676 to 913,537 over that timeframe. The days to cover decreased to 3.0 and the percentage of shorted shares is 0.02% as of September 29.