Mizuho Securities raised its price target on CommVault Systems (NASDAQ: CVLT) to $62.00 (from $60.00) while maintaining a Buy rating, following the company's fourth quarter earnings report.

Analyst Abhey Lamba notes the company delivered fourth quarter Software unit revenue, total revenue, margins and earnings per share results above consensus, as management benefited from large deal activity for a new product offering and improved sales execution.