CommVault Systems Rises On Unusually High Volume (CVLT)

NEW YORK ( TheStreet) -- CommVault Systems (Nasdaq: CVLT) is trading at unusually high volume Tuesday with 2.2 million shares changing hands. It is currently at four times its average daily volume and trading up $3.56 (+9.2%) at $42.30 as of 3:16 p.m. ET.

CommVault Systems has a market cap of $1.7 billion and is part of the technology sector and computer software & services industry. Shares are up 35.4% year to date as of the close of trading on Monday.

CommVault Systems, Inc., together with its subsidiaries, provides data and information management software applications and related services primarily in North America, Europe, Australia, and Asia. The company has a P/E ratio of 86, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CommVault Systems as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full CommVault Systems Ratings Report.

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