Strong Public Sector Customer Momentum Delivers Continued Growth for Commvault in Q1

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Commvault Systems (CVLT) PT Raised to $56 at Mizuho Securities

July 26, 2016 1:43 PM EDT

Mizuho Securities analyst Abhey Lamba reiterated a Buy rating and lifted its price target on CommVault Systems (NASDAQ: CVLT) to $56.00 (from $50.00) following results.

Lamba commented, "Commvault reported better than expected revenue and EPS while license revenues were modestly below. More importantly, management... More