Needham & Company Maintains a 'Buy' on CommVault Systems (CVLT); Momentum Continues
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Price: $144.32 -1.88%
Rating Summary:
16 Buy, 18 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
16 Buy, 18 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Needham & Company maintains a 'Buy' on CommVault Systems (NASDAQ: CVLT) price target raised from $55 to $61.
Analyst, Glenn Hanus, said, "CVLT reported very strong F4Q ahead of Street on continued competitive differentiation in its software, improved sales execution in enterprise (record >$100k deals) and SMB, increased brand awareness and increased distribution leverage from strategic and reseller partners. We are raising estimates. Overall tone of report/call very positive though tempered somewhat by macro uncertainty."
Needham raises FY13 EPS estimates from $1.10 to $1.16. FY13 revenues were raised by $20 million to $473.1 mln.
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 $54.13 yesterday.
Analyst, Glenn Hanus, said, "CVLT reported very strong F4Q ahead of Street on continued competitive differentiation in its software, improved sales execution in enterprise (record >$100k deals) and SMB, increased brand awareness and increased distribution leverage from strategic and reseller partners. We are raising estimates. Overall tone of report/call very positive though tempered somewhat by macro uncertainty."
Needham raises FY13 EPS estimates from $1.10 to $1.16. FY13 revenues were raised by $20 million to $473.1 mln.
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 $54.13 yesterday.
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