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Stock impact report

DA Davidson Reaffirms Buy Rating for Commvault (CVLT) [Yahoo! Finance]

Commvault Systems, Inc. (CVLT) 
Last commvault systems, inc. earnings: 1/29 07:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.commvault.com
Company Research Source: Yahoo! Finance
On March 17, Rudy Kessinger from DA Davidson reduced the firm's price target on Commvault Systems Inc. (NASDAQ:CVLT) to $125 from $135. The analyst maintained his Buy rating on the shares, which offer a revised upside of more than 56% despite the revision. Den Rise/Shutterstock.com As per the analyst, the search for a CFO is ongoing, with candidates having experience in public software companies. Discussions with the investor relations team at Commvault indicated that the addition of a well-recognized CFO could prove to be a major catalyst. Kessinger also noted that the company is trying to regain investor confidence to restart its beat-and-raise strategy. He highlighted that the initial FY27 could be soft, and the annual recurring revenue projections for the fourth quarter do not seem conservative. Earlier on February 25, Dan Bergstrom from RBC Capital reiterated his Sector Perform rating on Commvault Systems Inc. (NASDAQ:CVLT). He reflected on the company's impressive growt Show less Read more
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