CommVault Systems Price Target Cut On Slowing Growth

By | April 28, 2014

Scalper1 News

At least two investment banks slashed their price targets for CommVault Systems (CVLT) stock after the company on Friday posted its smallest sales growth in the past 14 quarters. The maker of data management software is expected to see decelerating sales growth again in the current quarter, according to analyst estimates. RBC Capital Markets cut its price target to 61 from 76, while Mizuho Securities cut its target to 80 from 60. CommVault stock Scalper1 News

Scalper1 News