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CommVault Systems Inc. (CVLT) Stands Out from its Peers

CommVault Systems Inc. (CVLT:NASDAQ) is a data storage and management software company. The company is the only independent software and service company focused exclusively on data management. CommVault provides companies with a better way to manage data growth, lower costs, and reduce risk by using a single, unified architecture.

The stock of CommVault has been hit hard in the stock market’s latest selloff. The stock is currently trading a bit below $9 per share, which is just off of its 52-week low of $8.35. The stock’s 52-week high was at $23.04. The company’s share price decline accelerated in September after Dell warned that it was seeing softening demand for its products. Dell is a large CommVault customer.

However, most Wall Street analysts are still positive on the company. Of the analysts that follow CommVault, 4 rate the company a ’strong buy’, 2 rate the company a ‘moderate buy’, and 3 rate the company a ‘hold’. What is most important in these difficult credit conditions is that the company has absolutely no debt and nearly $100 million in cash. This cash should help the company get through the current difficult economic conditions.

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