Why Commvault Systems Stock Slipped on Friday
Data protection company Commvault Systems (NASDAQ: CVLT) couldn't protect itself from a share price dip on Friday. It announced a C-suite transition, which was met by a mild investor sell-off. The stock closed the day down by 0.3%, comparing unfavorably to the 0.2% uptick of the bellwether S&P 500 index.
After market close Thursday, Commvault announced that CFO Jen DiRico is departing the specialized tech company. She will step down at the end of this month to pursue an unspecified new opportunity, according to her soon-to-be former employer.
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Source Fool.com
