CORRECTED-BUZZ-Commvault rises after lifting annual revenue forecast

Corrects third bullet to say fiscal Q3 from Q4

Cybersecurity company Commvault Systems' CVLT.O shares rise 5.5% to $167 premarket

Company raises annual revenue forecast to between $980 million and $985 million from previous range of $952 million to $957 million

Revenue for fiscal Q3 grew ~21% driven by subscription and perpetual license segment growth

Posts Q3 revenue of $262.6 million, above estimates of $245.6 million and adjusted EPS of 94 cents, above expectations of 87 cents - data compiled by LSEG

Also expects Q4 revenue between $260 million and $264 million, above estimates of $251.3 million

CVLT rose 89% in 2024