This is probably a sign of good relative strength: CommVault (CVLT +4.1%) has rallied today even though Goldman downgraded shares this morning on valuation grounds. With investors confident about CommVault's ability to continue grabbing enterprise backup storage share form the likes of Symantec and EMC, shares are within striking distance of their all-time high of $72.93, and currently trade at 47x estimated FY14 (ends March '14) EPS.
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