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CommVault Systems (CVLT) Upgraded to Top Pick; Shares Continue Higher

December 27, 2011 2:32 PM EST
CVLT Hot Sheet
Rating Summary:
    2 Buy, 9 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 8 | New: 25
Shares of CommVault Systems (Nasdaq: CVLT) are outperforming the broader equity market sharply Tuesday following an earlier upgrade from RBC Capital's Robert Breza. The stock last traded at $43.29, up 4.9 percent from Friday's closing price. Volume is below average this afternoon.

Breza now rates shares of CommVault a 'Top Pick,' up from 'Outperform' previously. The analyst maintained a $50 price target, which implies potential upside of almost 16 percent from where the stock is currently trading.

The 52-week range is $28.55 - 50.90. The company doesn't pay a dividend, but the one-year chart indicates shares are up about 40 percent.


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