KeyBanc analyst Alex Kurtz maintained a Buy rating on CommVault Systems (NASDAQ:CVLT) on Thursday, setting a price target of $70, which is approximately 16.90% above the present share price of $59.88.
Kurtz expects CommVault Systems to post earnings per share (EPS) of -$0.89 for the first quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in CommVault Systems, with an average price target of $72.
The analysts price targets range from a high of $76 to a low of $70.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $171.14 million and a net profit of $4.52 million. The company's market cap is $2.82 billion.
According to TipRanks.com, KeyBanc analyst Alex Kurtz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.5% and a 63.45% success rate.
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.