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

• Commvault Systems, Inc. reported quarterly adjusted earnings of $1.38​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 91 cents. The mean expectation of nineteen analysts for the quarter was for earnings of $1.24 per share. Wall Street expected results to range from $1.19 to $1.29 per share.

• Revenue rose 13.1% to $312.39 million from a year ago; analysts expected $310.28 million.

• Commvault Systems, Inc.'s reported EPS for the quarter was 69 cents​.

• The company reported quarterly net income of $29.11 million.

• Commvault Systems, Inc. shares had risen by 11.9% this quarter and gained 33.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 10 "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 $170.50, about 1.6% above its last closing price of $167.73

This summary was machine generated from LSEG data October 27 at 02:07 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)