UPDATE: CommVault Systems (CVLT) PT to $62 at Mizuho Following Strong Q2

October 25, 2016 1:12 PM EDT
Get Alerts CVLT Hot Sheet
Price: $55.85 +1.09%

Rating Summary:
    9 Buy, 13 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Mizuho Securities analyst Abhey Lamba reiterated a Buy rating and raised his price target on CommVault Systems (NASDAQ: CVLT) to $62.00 (from $60.00) following strong Q2 results.

Lamba commented, "Commvault's F2Q results came in better than expectations. Management called out better sales execution and enterprise activity as the updated product resonates with customers for cloud workloads. For outlook, management blessed consensus F2H estimates. We believe the stock continues to work on product cycle, improved execution and undemanding valuation and see potential upside to estimates on continued execution improvement. Reiterate Buy rating while adjusting our PT to $62 from $60."

For an analyst ratings summary and ratings history on CommVault Systems click here. For more ratings news on CommVault Systems click here.

Shares of CommVault Systems closed at $53.75 yesterday.

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