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Fly News Breaks for July 25, 2017
CVLT
Jul 25, 2017 | 14:30 EDT
MUFG analyst Stephen Bersey noted that Commvault reported better than expected revenue and EPS, which he sees being driven by its significant strength within the enterprise market. Bersey, who sees the release of the company's new cloud-focused products helping it to evolve from a technology provider to a solutions provider, keeps an Overweight rating on Commvault and raised his price target on the stock to $70 from $62.
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