Core Viewpoint - Commvault Systems' shares experienced a premarket increase of approximately 2% following an upgrade from Piper Sandler, which changed the stock's rating from Neutral to Overweight [2]. Summary by Category - **Stock Rating Upgrade** - Piper Sandler upgraded Commvault's stock rating to Overweight from Neutral [2]. - **Price Target Adjustment** - The price target for Commvault's stock was raised to $200 from $195 [3]. - **Company Overview** - Commvault specializes in providing a cyber resilience platform [3].

Core Insights - Commvault has appointed Bill O'Connell as Chief Security Officer, bringing nearly 20 years of experience in cybersecurity, risk, and data privacy [1][2] - O'Connell's previous roles include leadership positions at Roche and ADP, where he focused on protecting critical data and infrastructure [1] - The company aims to enhance its cyber resilience offerings and strengthen its position as a trusted partner in the evolving threat landscape [1][2] Company Overview - Commvault is recognized as a leader in cyber resilience, serving over 100,000 organizations globally [3] - The company provides a unique cyber resilience platform that integrates data security and rapid recovery across various workloads, emphasizing low total cost of ownership (TCO) [3]