CVLT - Commvault: Solid Quarter Buy The Underappreciated Stock

• Commvault reported another stellar quarter and guided up. Management is optimistic about share gains and growth prospects.
• The company's modern platform - consisting of Hyperscale X (Hedvig), Metallic SaaS, and its core data protection - is eliciting strong interest from customers looking to move to the cloud.
• New products such as Metallic are driving new logo additions, upselling into the existing install base, and attracting new customers who never considered Commvault before.
• Commvault shares will be driven by beat and raise quarters, multiple expansion, and share buybacks.
• Given good risk/reward, solid execution, compelling valuation, and opportunity to gain share, Commvault is a buy.

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