CommVault (NASDAQ: CVLT) said it has announced its recent share repurchases.
Since reporting results for its fiscal third quarter on January 29, 2014, CommVault has repurchased approximately 740,000 shares at a cost of approximately USD48m.
N. Robert Hammer, CommVault´s chairman, president and CEO said, “These recent share repurchases are consistent with our current policy of purchasing our shares when they are at attractive prices. We are confident about our near and long-term prospects and will remain opportunistic with share repurchases.”
The total amount available for future share repurchases is approximately USD102m thru March 2015. The company will update its share repurchases on its fiscal fourth quarter 2014 earnings call.