UPDATE: Monness Crespi Hardt Initiates Coverage on CommVault Systems on Solid Simpana Upgrade Cycle and New Growth Markets

In a report published Monday, Monness Crespi Hardt analyst Jeffrey Fidacaro initiated coverage on CommVault Systems (NASDAQ: CVLT ) with a Buy rating and $90.00 price target. In the report, Monness Crespi Hardt noted, “We are initiating coverage of CommVault Systems with a Buy rating and a $90 target price