Jefferies Starts CommVault Systems (CVLT) at Hold

Jefferies initiates coverage on CommVault Systems (NASDAQ: CVLT) with a Hold. PT $36.00.

The firm states, "The fundamental changes occurring with data management are revitalizing related growth opportunities and CommVault’s product strategy is directly aligned with these trends. We expect the company to continue to see above market growth and share gains but, fundamentally and strategically, we believe this is reflected in the stock price. As such, we are initiating with a Hold."

For more ratings news on CommVault Systems click here and for the rating history of CommVault Systems click here.

Shares of CommVault Systems closed at $38.41 yesterday.

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