Browsing: CVLT

Why Commvault (CVLT) Shares Are Getting Obliterated Today

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Shares of data protection software company Commvault (NASDAQ:CVLT) fell 17.5% in the morning session after the company reported better-than-expected second-quarter results but issued a weak forecast for the upcoming quarter and saw its billings fall short of estimates.Although the data protection software company’s sales rose 11.4% year-on-year to $314.1 million and its profit per share…