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CommVault Systems (CVLT) provides data and information management software applications and related services.
The company develops, markets, and sells a suite of software applications and services under the Simpana brand. Its Simpana software suite includes solution for the backup and restoration of enterprise data for file systems, applications, databases, and virtual machine systems; integrated data archiving solution that optimizes data tiering and improves information governance; and enterprise-wide storage optimization for email and files reducing space on primary storage.
The company also provides solutions for protection of critical applications and data with snapshots and real-time replication; solutions to analyze, discover, track, trend, and report on physical and virtual storage usage; and Web browser, which allows search, sort, select, and retrieval of corporate files and information from online, archive, and backup data copies.
In addition, it offers assessment and design, implementation and post-deployment, training, consulting, and customer support services.
It licenses its software applications to customers in various industries, including banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utilities, and energy. The company has strategic relationships with Dell, Inc.; Hitachi Data Systems; and NetApp.
Shares have formed a bullish "flag" following the company's better than expected quarterly results. Higher prices are expected out of this formation.
52-Week Trading Range: $36.88 - $66.62
Last Trade: $62.63
Stop Loss: $59.62
Target Price: $69.02
CVLT reached our target price and the position was closed at $69.92. If you elect to keep the positon open, please update your stop loss.
