Jefferies Initiates Coverage On CommVault With Hold Rating

According to Jefferies, CommVault Systems CVLT coverage is initiated with a Hold rating. Jefferies said that the fundamental changes occurring with data management are revitalizing related growth opportunities and CommVault's product strategy is directly aligned with these trends. “We expect the company to continue to see above market growth and share gains but, fundamentally and strategically, we believe this is reflected in the stock price.” CommVault Systems closed yesterday at $38.41.