Needham analyst Jack Andrews reiterated a Buy rating on CommVault Systems (NASDAQ:CVLT) on Tuesday, setting a price target of $60, which is approximately 45.84% above the present share price of $41.14.
Andrews expects CommVault Systems to post earnings per share (EPS) of $0.05 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in CommVault Systems, with an average price target of $53.
The analysts price targets range from a high of $60 to a low of $48.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $173 million and a net profit of $9.01 million. The company's market cap is $1.91 billion.
According to TipRanks.com, Needham analyst Jack Andrews is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.5% and a 67.53% 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.