Jefferies Believes CommVault Systems (NASDAQ: CVLT) Won’t Stop Here

By Jason Carr

In a report released yesterday, John Difucci from Jefferies reiterated a Buy rating on CommVault Systems (NASDAQ: CVLT), with a price target of $67. The company’s shares closed yesterday at $58, close to its 52-week high of $58.40.

According to, Difucci is a top 100 analyst with an average return of 18.7% and a 74.7% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Activision Blizzard, and Palo Alto Networks.

CommVault Systems has an analyst consensus of Strong Buy, with a price target consensus of $64.75.

The company has a one year high of $58.40 and a one year low of $41.33. Currently, CommVault Systems has an average volume of 384.8K.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. Last month, Armando Geday, a Director at CVLT sold 7,500 shares for a total of $416,700.

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CommVault Systems, Inc. is a data management software company which develops and distributes software applications for data protection, information governance and discovery under the Simpana brand and also simplifies management of data in complex physical, virtual, and cloud storage environment. Its Simpana software is designed to protect, manage, and access data throughout its lifecycle in less time, at lower cost and also helps in enhancing operational efficiency, increase data recoverability and mitigate risk. The Simpana software module includes backup and recovery, deduplication, data archiving, data protection, replication and snapshot management, and storage resource management. CommVault Systems was founded in 1996 and is headquartered in Oceanport, NJ.