Goldman Sachs Starts CommVault Systems (CVLT) at Buy

June 27, 2012 7:21 AM EDT
Get Alerts CVLT Hot Sheet
Price: $54.10 --0%

Rating Summary:
    9 Buy, 13 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 16 | New: 50
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Goldman Sachs resumes coverage on CommVault Systems (NASDAQ: CVLT) with a Buy rating and $60 price target.

The firm said investors will gain more confidence in growth sustainability and in the company's ability to disrupt the $4 bn plus enterprise backup/recovery software market as well as other ancillary storage software markets. Goldman also said competitive fears are overblown.

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 $45.48 yesterday.

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