Seeking Alpha

CommVault shoots higher, William Blair considers FQ3 beat possible

  • William Blair's Jason Ader thinks CommVault's (CVLT +6.3%) consensus FQ3 (Dec. quarter) revenue estimate ($144M) "does not represent a high hurdle," given the storage software vendor's ongoing momentum at large enterprises.
  • Ader also reports reseller checks once again indicated "CommVault remains the superior solution in the large-enterprise backup space despite Symantec's (SYMC +0.5%) recent NetBackup 7.6 release and recent IBM investments in the Tivoli Storage Manager (TSM) platform."
  • Piper downplayed the threat posed by NetBackup 7.6 in a December note, and declared pricing fears unwarranted given CommVault already undercuts Symantec by 20%-25%.
  • CommVault shares have badly underperformed the Nasdaq in recent months due to a combo of growth concerns and steep multiples. CommVault reports on the morning of Jan. 29, and Symantec in the afternoon.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|