CVLT - Commvault: Not Flashy But Makes You Money Slow And Steadily

• Commvault reported another good quarter and provided guidance that met consensus estimates. Management continues to be optimistic about its position in the industry and growth prospects.
• The sell-off post-earnings offers an excellent opportunity to own a good software asset  that is reasonably priced that will likely appreciate slowly and steadily.
• Commvault's software is an essential tool to recover from ransomware attacks. The company noted that elevated demand is likely to persist in the near term.
• Metallic (backup as a service) is driving solid customer growth. More importantly, many metallic customers are net new to CVLT; Commvault is scheduled to reveal more details about Metallic soon.
• Reasonable valuation, leading position within the backup industry, share gaining ability, conservative outlook, and management execution make Commvault a buy.

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