Stifel announced Commvault Systems (NASDAQ:CVLT), boosting its stock price target to $68.00 today
- Updated: October 5, 2016
Having a price of $55.04, Commvault Systems (NASDAQ:CVLT) traded -0.09% lower on the day. With the last close up 17.10% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Commvault Systems has recorded a 50-day average of $52.50 and a two hundred day average of $46.96. Volume of trade was down over the average, with 21,198 shares of CVLT changing hands under the typical 337,440
In a statement issued on Thursday October 06, 2016 Stifel raised the target price of Commvault Systems (NASDAQ:CVLT) from $62.00 to $68.00 indicating a possible upside of 0.24%.
On 9/14/2016, Jefferies & Co released a statement on Commvault Systems (NASDAQ:CVLT) upped the target price from $60.00 to $64.00 that suggested an upside of 0.22%.
With a total market value of $0, Commvault Systems has with a one year low of $29.41 and a one year high of $55.22 .
A total of 14 brokers have released a ratings update on CVLT. Four brokerages rating the company a strong buy, six brokers rating the stock a buy, 7 firms rating the stock a hold, 0 equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $47.00.
General Company Details For Commvault Systems (NASDAQ:CVLT)
CommVault Systems, Inc. (CommVault) is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data, and policy-based data management.
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