Why Commvault Systems Rocked the Market Today
The company announced a new integration with a tech titan it has partnered with for years.
Overview
A new tie-up with a huge name in the tech sector was a key factor driving up the price of Commvault Systems (NASDAQ: CVLT) stock on Monday. The data protection specialist also benefited from general investor bullishness on the tech sector. At market close, Commvault's stock was up by more than 6%.
Commvault kicked things off before market open by announcing a new collaboration with an old partner, core Alphabet unit Google. Under the terms of the deal, Commvault's Threat Scan software will be integrated into the Google Threat Intelligence security solution.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.