CVLT - Commvault: Decent Secular Tailwinds But Appears Fully Valued
2024-04-02 04:59:21 ET
Summary
- Commvault is well-positioned to capture more secular demand for cyber resilience solutions.
- The company's recent financial performance has been solid, with revenue and subscription revenue growth.
- Commvault's stock has reached a new all-time high, with a 61% return and 82% increase in the past year. But at $101 today, stock appears fully valued, in my opinion.
Commvault ( CVLT ) is a US-based data protection and management company. Its platform enables organizations to strengthen cyber resilience and ultimately protects against ransomware....
Commvault: Decent Secular Tailwinds, But Appears Fully Valued