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Fly News Breaks for January 26, 2017
CVLT
Jan 26, 2017 | 09:04 EDT
Pacific Crest analyst Alex Kurtz attributes Commvault's lower than expected operating margin guidance to foreign exchange headwinds and "lower-than-expected maintenance revenue in 1H18 due to historical license growth." He continues to expect the company to benefit from increased demand for automated hybrid cloud solutions. The analyst keeps a $60 price target and an Overweight rating on the shares.
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