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Fly News Breaks for July 30, 2019
CVLT
Jul 30, 2019 | 13:11 EDT
William Blair analyst Jason Ader says that despite the Q2 miss and ongoing transition issues in Commvault Systems' business, the stock's risk/reward equation is favorable at current valuation levels. The analyst senses Commvault's software revenue is at or close to the bottom, though he admits it is difficult to predict when growth returns. He continues to believe Commvault's data protection technology is "best of breed" for larger enterprises. Looking out to fiscal 2021, Ader is "encouraged" that the company's subscription model transition could turn from a headwind to a tailwind. He keeps an Outperform rating on Commvault.
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