Commault Systems (CVLT) Misses Q1 EPS by 12c

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Jefferies Upgrades CommVault Systems (CVLT) to Buy

July 29, 2015 7:45 AM EDT

Jefferies upgraded CommVault Systems (NASDAQ: CVLT) from Hold to Buy with a price target of $45.00 (from $50.00) following yesterday's 12% sell-off post earnings.

Analyst Brad Zelnick commented, "We are upgrading CVLT shares to Buy from Hold, largely on the basis of valuation, with significant optionality around 1)... More