William Blair analyst Jason Ader has reiterated their bullish stance on CVLT stock, giving a Buy rating on July 22.
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Jason Ader has given his Buy rating due to a combination of factors that highlight CommVault Systems’ strong performance and promising outlook. The company reported impressive financial results in its fiscal first quarter, exceeding expectations in both revenue and earnings. This performance was driven by robust demand across various geographies and industry segments, as well as significant growth in cloud marketplace transactions.
Furthermore, CommVault’s confident guidance for the upcoming quarters, with revenue and ARR growth projections surpassing consensus estimates, underscores its strong market position. The company’s focus on cyber resilience and the increasing demand for its SaaS offerings contribute to a positive revenue outlook. Despite macroeconomic uncertainties, CommVault’s management has expressed confidence in maintaining healthy profitability margins, even considering the impact of its acquisition of Satori Cyber.
In another report released on July 22, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $189.00 price target.