CommVault Systems (CVLT) Receives Analyst Rating

CommVault Systems (CVLT) : The consensus on CommVault Systems (CVLT) based on 11 analyst recommendation on the company stock is 1.55, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

CommVault Systems (CVLT) : The consensus price target for CommVault Systems (CVLT) is $56.44 for the short term with a standard deviation of $4.48. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $62, however, the pessimist price target for the company is $48.


Also, Equity analysts at the Brokerage firm Jefferies maintains its rating on CommVault Systems (NASDAQ:CVLT). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Jefferies raises the price target from $52 per share to $60 per share. The rating by the firm was issued on July 27, 2016.

CommVault Systems (NASDAQ:CVLT): After opening at $51.91, the stock dipped to an intraday low of $51.82 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $53.13 and the buying power remained strong till the end. The stock closed at $52.99 for the day, a gain of 2.95% for the day session. The total traded volume was 645,053. The stocks close on the previous trading day was $51.47.

CommVault Systems, Inc. (CommVault) is a provider of data and information management software applications and related services. The Company develops market and sell data and information management software applications under the Simpana Software brand. 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, including backup and recovery; data migration and archiving; snapshot management and replication of data; integrated source, and target data deduplication; eDiscovery and compliance solutions; self-service access; a secure virtual repository using simpana contentStore; enterprise-wide search capabilities; protection, recovery and discovery of data in virtual server and cloud environments; and robust built-in analytics and troubleshooting tools. Company also provides its customers with a range of professional and customer support services.

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