CommVault Systems ( (CVLT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Commvault shares are climbing as investors react to reports that the company is exploring a potential sale after receiving takeover interest from several buyers. Traders are betting that any deal could come at a premium to the current market price.
The data-management firm has hired Goldman Sachs to review its strategic options, and both private equity and larger tech players have reportedly shown interest, including Thoma Bravo. A buyout-focused blog helped fuel speculation by highlighting the takeover rumors.
More about CommVault Systems
YTD Price Performance: -35.70%
Average Trading Volume: 1,110,440
Technical Sentiment Signal: Sell
Current Market Cap: $3.54B
For further insights into CVLT stock on TipRanks’ Stock Analysis page.
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