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Fly News Breaks for April 30, 2019
CVLT
Apr 30, 2019 | 13:07 EDT
MUFG analyst Stephen Bersey lowered his price target for Commvault Systems to $67 from $74 after the company missed his Q4 revenue estimate. Commvault had a "mixed quarter, once again plagued by large deal lumpiness and channel execution issues," Bersey tells investors in a post-earnings research note. The analyst, however, note believes the end markets for the company's products remain "robust." He reiterates an Overweight rating on Commvault shares.
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