Overview
- Commvault is working with Goldman Sachs to review options after takeover inquiries from private equity and strategic buyers, Reuters reported via Benzinga.
- Thoma Bravo was cited as an interested party, with one source telling Reuters the firm had previously made an offer.
- Shares rose about 7.7% to $86.81 after the report, according to Benzinga Pro data.
- No transaction has been announced, and the evaluation process remains underway.
- The company reported 19% revenue growth to $314 million and annualized recurring revenue up 22% to $1.085 billion, while analysts keep a positive stance with a roughly $140 average price target and a recent Loop Capital Buy at $125.