Commvault Systems (CVLT) has disclosed a new risk, in the Debt & Financing category.
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An external observer notes that the issuance of the Notes and related Capped Call transactions could materially influence the trading price of Commvault Systems’ common stock, as banks involved may actively hedge or unwind positions, particularly around conversion or redemption events. He also recognizes that the complex accounting for these instruments, including impacts on diluted earnings per share from conversions and share count changes, may introduce additional volatility into Commvault’s reported financial results over time.
The average CVLT stock price target is $128.20, implying 23.28% upside potential.
To learn more about Commvault Systems’ risk factors, click here.