UPDATE: BMO Capital Markets Initiates Outperform On CommValut On Simpana 10.0 Product Cycle

In a report published Wednesday, BMO Capital Markets analyst Joel Fishbein initiated an Outperform Rating on CommVault Systems CVLT and initiated a price target of $105.00. In the report, BMO Capital Markets says "CommVault has the only software platform in the industry with a single technical foundation that can provide industry-leading solutions, dramatically reducing the cost, time, and risk associated with protecting, recovering, finding, and accessing data across the enterprise. Further, it has complete flexibility to deal with on-premise data centers, the cloud, remote, or branch offices, desktops, and laptops or mobile devices. The Simpana 10.0 product cycle and increasingly strong pipeline should lead to strong growth and expanding profitability as the company expands into new markets as it capitalizes on the growth in data." CommVault Systems closed on Wednesday at $70.69.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorInitiationAnalyst RatingsBMO Capital MarketsJoel Fishbein
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!