CommVault (CVLT) Ramps on Vague Takeover Chatter

March 14, 2013 3:37 PM EDT
Shares CommVault Systems, Inc. (NASDAQ: CVLT) are surging 8 percent higher Thursday on vague takeover speculation. While analysts at Lazard Capital told Bloomberg News a takeover "makes sense," nothing appears imminent. The company has not responded to questions about the rumors.

On Wednesday, EMC Corp. (NYSE: EMC) and VMWare Inc. (NYSE: VMW) announced plans to spin-off CommVault competitor Pivotal.

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