CommVault Systems Stock Hits New 52-Week High (CVLT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- CommVault Systems (Nasdaq: CVLT) hit a new 52-week high Tuesday as it is currently trading at $87.49, above its previous 52-week high of $86.89 with 161,481 shares traded as of 9:36 a.m. ET. Average volume has been 700,700 shares over the past 30 days.

CommVault Systems has a market cap of $3.58 billion and is part of the technology sector and computer software & services industry. Shares are up 11.2% 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 80.7, above the S&P 500 P/E ratio of 17.7.

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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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full CommVault Systems Ratings Report.

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