D.A. Davidson analyst Rudy Kessinger maintained a Buy rating on CommVault Systems (CVLT – Research Report) today and set a price target of $200.00.
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Rudy Kessinger has given his Buy rating due to a combination of factors including CommVault Systems’ strong financial performance and promising growth outlook. The company reported impressive fourth-quarter results, surpassing expectations in revenue, operating profit, and earnings per share. Notably, their subscription revenue saw a significant year-over-year increase, and the total annual recurring revenue (ARR) also grew robustly, indicating a healthy demand for their services.
Additionally, CommVault’s strategic focus on cyber resilience solutions, which are exclusively available through their SaaS offerings, is contributing significantly to their new net annual recurring revenue. This focus is expected to drive further growth in the coming years. The company’s forward guidance for fiscal year 2026 also exceeds consensus expectations, particularly in terms of revenue and ARR growth, reinforcing the positive outlook. Despite some concerns over free cash flow margins due to higher expected cash taxes, the overall financial health and strategic positioning of CommVault Systems support the Buy rating.
According to TipRanks, Kessinger is a 2-star analyst with an average return of 0.5% and a 42.96% success rate. Kessinger covers the Technology sector, focusing on stocks such as CyberArk Software, CommVault Systems, and MongoDB.
In another report released on April 23, Oppenheimer also maintained a Buy rating on the stock with a $180.00 price target.