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Fly News Breaks for January 30, 2019
CVLT
Jan 30, 2019 | 05:16 EDT
Jefferies analyst John DiFucci says Commvault Systems exceeded fiscal Q3 expectations across all metrics, maintained guidance for Q4 total revenues, and raised Software guidance. This sets the stage for Commvault to meet expectations for two quarters in a row, "which would be anomalous for the company," DiFucci tells investors in a post-earnings research note. The analyst raised his price target for the shares to $83 from $80 and finds the stock's valuation compelling at current levels. He keeps a Buy rating on Commvault.
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