Worth Watching Stock for Traders: Commvault (NASDAQ: CVLT) reports appointment of Grace Ho as its new Area Vice President

Commvault (NASDAQ: CVLT) changed -1.04% to recent value of $48.31. The stock transacted 470941 shares during most recent day however it has an average volume of 595.87K shares. It spotted trading -33.50% off 52-week high price. On the other end, the stock has been noted -0.50% away from the low price over the last 52-weeks.

Commvault (NASDAQ: CVLT) reported that the company revealed the appointment of Grace Ho as its new Area Vice President for Association of Southeast Asian Nations (ASEAN) and Chief of Staff (APAC), based in Singapore.

Charged with overseeing business across the entire ASEAN region – including Singapore, Malaysia, Indonesia, Thailand and Vietnam – Ho will play a critical role in driving Commvault’s growth. As Commvault’s first ever APAC Chief of Staff, Ho will also have business transformation responsibilities, primarily to drive synergies and tighten the integration of sales, marketing and product teams to deliver, and achieve region-wide business readiness practices.

Patrick Williams, Vice President of Sales for Asia Pacific (APAC), Commvault said in statement “With over 20 years’ experience in driving growth and leading diverse teams at some of the industry’s top technology companies, we’re confident that Grace will build on our success in ASEAN and strengthen Commvault’s customer and partner ecosystem across the region”.

In an increasingly complex and diverse technology landscape, organizations across ASEAN must find solutions to protect and manage vast amounts of data. Commvault helps customers meet these challenges with powerful simplicity and enable their companies to grow by unlocking the strategic value of their data.  Ho’s appointment will be critical to driving this across ASEAN and APAC.

CVLT has a gross margin of 83.50% and an operating margin of 0.70% while its profit margin remained 0.50% for the last 12 months. Its earnings per share (EPS) expected to touch remained 107.70% for this year while earning per share for the next 5-years is expected to reach at 10.00%.

The company has 46.36M of outstanding shares and 42.14M shares were floated in the market. According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -8.56% from the mean of 20 days, -18.76% from mean of 50 days SMA and performed -22.31% from mean of 200 days price. Company’s performance for the week was -3.15%, -22.24% for month and YTD performance remained -18.24%.

Samuel Dinger

Samuel Dinger joined us, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Samuel is the Senior Editor and market movers section. He also holds an MBA from Penn State University. He has two daughter and two children. Address: 1116 Christie Way, Cambridge, Massachusetts Email: Samuel@newscontrol.info

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