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Fly News Breaks for May 1, 2018
CVLT
May 1, 2018 | 20:00 EDT
Jefferies analyst John DiFucci raised his price target on Commvault to $80 and kept his Buy rating after the company's Q4 results. The analyst notes that despite the earnings miss, the focus of the results was in Commvault Advance, which should drive operational improvements and shareholder value with activist involvement. DiFucci adds that the company is well positioned for the return of service revenue momentum and "eventually" greater earnings leverage.
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