CommVault Systems, a pioneer in software that companies use to manage their data, also aims to be a pioneer in the emerging cloud computing market. CommVault (CVLT) was one of the first to offer a type of storage software called data deduplication, which helps companies limit the amount of duplicated data they store, cutting their data storage costs. Dedupe, backup, archival and other data management software are all included in CommVault's only
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Texas Tech University System Datacenter Relies on Simpana Software
with Embedded Dedupe to Lower Storage Costs by up to 40 Percent while
Leveraging Archiving to Reclaim Valuable Primary Storage
The first company is CommVault Systems, Inc. (CVLT) , which BreakoutInvestments.com presented earlier this year and recognized 50%+ gains! The stock has since then pulled back to just a dollar above its 52-week low in the midst of recent market turmoil.
Here is what you need to know:
A director purchased $137,500 worth of stock this month
They have $98.21 Million in cash and no debt
90% of the shares are held by institutions
5 analysts rate it a "Strong Buy", 5 call it a "Buy", and 3 gave the stock a "Hold" rating
Lazard Capital recently initiated coverage on CVLT and gave it a "Buy" rating
Yeoman's work by Barron's Eric Savitz, who pens the must read techblog Tech Trader Daily, in assembling a laundry list of stocks downgraded by GS (published Friday after the bell). The money quote from Goldman analysts states they have become "incrementally more cautious on tech fundamentals given the current macroeconomic backdrop." Additionally, "with software a typically back-end loaded sale, if there is any concern on budgets in the early part of 2008, we would expect CIOs to hold off their purchases until later in the year." The main area of concern: "Companies with large enterprise exposure and significant dependence on the U.S. consumer." Ouch. I have long advocated deciding on an exit strategy prior to owning a stock. While these downgrades may not mean immediately selling them, at the very least you should be revisiting your pre-planned exits. If you are unsure about selling, your trailing stop losses should give you some protection in the event of a selloff. If you are not using trailing stops, then you may want to tighten up your existing stops -- especially on those names that have enjoyed a good run. What follows is a list of stocks affected by estimate cuts and/or price...
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