Commvault Systems, Inc. (CVLT) Ranks Among Top Digital Infrastructure Performers

Commvault Systems, Inc. (NASDAQ:CVLT) is among the best money-making stocks to buy right now. As reported by Investing.com on February 11, Commvault Systems, Inc. (NASDAQ:CVLT) has been named in Piper Sandler’s rankings of top performers in the digital infrastructure and connectivity software sector. Securing the fifth spot, the company showcases strength with its Commvault Cloud offering and has nearly completed its term-subscription model transition.

Earlier on January 28, RBC Capital trimmed its price target on Commvault Systems, Inc. (NASDAQ:CVLT) to $100 from $167 and reiterated a Sector Perform rating. According to Dan Bergstrom from RBC Capital, this downward revision follows what he calls a “mixed” quarterly performance, and is attributed to “another soft quarter, peer group multiple compression,” along with other factors. However, the firm pointed out that the 30%+ stock decline seemed “extended” in contrast to the financial results.

Investors remain concerned about net new annualized recurring revenue, net revenue retention, outlook, and potential consequences for the broader sector, RBC Capital noted, adding that investors will need improved execution to rebuild confidence in the company.

Commvault Systems, Inc. (NASDAQ:CVLT) is a New Jersey-based provider of a cyber resilience platform that helps secure and recover data and cloud-native applications. Founded in 1996, the company has transformed into a leader in cyber resilience from a conventional backup platform.

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