According to Truist Analysts, Data Security is Becoming Increasingly Important due to Increasing Ransomware Attacks. Therefore, Commvault Systems has 35% Upside Potential.

The stock of Commvault Systems (CVLT) recently experienced a slight setback. Commvault is a provider of cyber resilience and data management platforms. Its business model is based on subscription-based solutions that help companies secure, recover, and make their data resilient against cyber attacks. Commvault focuses on hybrid environments of on-premises, multi-cloud, and SaaS applications. The company heavily relies on a "land and expand" strategy, acquiring new customers and further developing them through cross-selling multiple products. The...