Commvault initiated with an Outperform at Mizuho

Mizuho analyst Michael Romanelli initiated coverage of Commvault (CVLT) with an Outperform rating and $190 price target The company has built a strong data backup, recovery, and cyber resilience platform, the analyst tells investors in a research note. The firm has “growing confidence” that cyber resilience will continue to rise in strategic importance for many organizations. It sees Commvault driving good ongoing cross-sell and upsell activity.