Monday, June 20, 2011

CommVault Rallies On Takeover Speculation

Shares of CommVault Systems, Inc. (NASDAQ: CVLT) surged more than 6% Monday on speculation that the company could be a takeover target. ThinkEquity's Rajesh Ghai asserts that CommVault's recent OEM agreement with NetApp (NASDAQ: NTAP) could "significantly" boost the value of the company in a takeover. The analyst specifically mentions Dell (NASDAQ: DELL) as the likely acquirer, saying Dell should act now rather than wait for CommVault shares to rise more. Stay tuned for more. 

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