CommVault Systems (CVLT) Receives Price Target

CommVault Systems (CVLT) : Currently there are 9 street experts covering CommVault Systems (CVLT) stock. The most bullish and bearish price target for the stock is $62 and $48 respectively for the short term. The average price target of all the analysts comes to $56. The estimated standard deviation from the target is $4.27.

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.


Also, Major Brokerage house, Jefferies maintains its ratings on CommVault Systems (NASDAQ:CVLT). In the latest research report, Jefferies raises the target price from $52 per share to $60 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 27, 2016.

CommVault Systems (NASDAQ:CVLT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.70 and $51.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.12, notching a gain of 1.13% for the day. The total traded volume was 311,038 . The stock had closed at $51.54 on the previous day.

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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