CommVault Systems (CVLT) is Reiterated by Mizuho to Buy, Raises Price Target to $ 60

CommVault Systems (CVLT) was Reiterated by Mizuho to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 60 from a previous price target of $56 . Mizuho advised their investors in a research report released on Sep 9, 2016.

Many Wall Street Analysts have commented on CommVault Systems. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 54 from a previous price target of $47 .

On the company’s financial health, CommVault Systems reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.17. The company had revenue of $152.41 million for the quarter, compared to analysts expectations of $149.15 million. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

CommVault Systems opened for trading at $52.72 and hit $52.81 on the upside on Wednesday, eventually ending the session at $52.7, with a gain of 0.11% or 0.06 points. The heightened volatility saw the trading volume jump to 283,741 shares. Company has a market cap of $2,341 M.

In a different news, on Aug 16, 2016, Gary Merrill (Chief Accounting Officer) sold 255 shares at $51.15 per share price. According to the SEC, on Aug 16, 2016, David F Walker (director) sold 1,562 shares at $50.75 per share price. On Aug 10, 2016, Ronald L Miiller (SVP, Worldwide Sales) sold 31,727 shares at $50.44 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

CommVault Systems

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