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Fly News Breaks for May 2, 2018
CVLT
May 2, 2018 | 06:29 EDT
Mizuho analyst Abhey Lamba raised his price target for Commvault Systems to $80 saying the company's fiscal Q4 results showed downside as the subscription migration impacted performance. However, Commvault is working on go-to-market improvements and indicated some margin leverage in fiscal 2019, Lamba tells investors in a post-earnings research note. He believes the operational review could drive "significant value creation" and keeps a Buy rating on the shares.
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