CommVault (CVLT) Shares Hit New High, Gain 56% YTD
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CommVault's market cap now tops $3 billion
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Robert DeFrancesco’s TechStockProspector.com November 26, 2012 CommVault (CVLT) Shares Hit New High, Gain 56% YTD NOW AVAILABLE: The November 2012 issue of Tech-Stock Prospector for your Amazon Kindle or Kindle for iPad/iPhone reading app. Here are some of the topics covered in the November 2012 issue: *Winners emerge from Q3 earnings season *LinkedIn gets bigger in the enterprise *ServiceNow builds its customer base *Imperva issues an upbeat 2013 outlook *Beneficiaries of the telecom spending rebound *Teradata sees a demand pause *Jive Software regroups after stumble *Behind Riverbed’s big acquisition of OPNET *Flashy growth from Fusion-IO *Sourcefire raises its revenue outlook yet again *Fortinet and Palo Alto Networks battle it out *Smartphone growth drives Skyworks *Facebook finding traction in mobile ads *Accelerating revenue growth at Akamai *Cornerstone OnDemand takes HCM mobile *Workday is ready to disrupt after its sizzling IPO Order the November 2012 issue here: http://www.amzn.com/B004T6Z0ME ------------------------------------------------------------------------------------------------------------ Shares of CommVault Systems CVLT, $67.03), a provider of data storage management software, today rose 5.8% on double the average daily trading volume. The stock hit a new 52-week high at $67.69 and the market cap topped $3 billion. For the year, CommVault shares have gained 56.9%. CommVault was often mentioned in the past as a potential takeover target. Given the strong performance this year, shareholders are probably quite happy that management decided to stay independent. Vanguard Group is the #1 shareholder, with 2.77 million shares. Wells Fargo’s position of 2.1 million shares (including 949,178 shares purchased in Q3) puts it in second place. With the sharp gain this year, CommVault shares are not cheap: The stock trades at 50 times the fiscal 2013 (March) consensus EPS estimate of $1.32, while the forward price-to-sales ratio is lofty at 6.3. *********************************************************************************** Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for iPad/iPhone reading app. Here’s the Kindle link: http://www.amzn.com/B004T6Z0ME ------------------------------------------------------------------------------------------------------ Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20 years of experience covering the tech sector. He is a former senior writer with Louis Rukeyser’s Wall Street. TechStockProspector.com, launched in 2003, is an investment-research service focused primarily on the networking, storage, security, wireless and software sectors. Annual subscription: $350. For more information or to place an order, call 800-392-0998.
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