** Shares of cybersecurity firm Commvault Systems CVLT.O up 1% early Weds at $180.57 after successful capital raise

** Tinton Falls, New Jersey-based CVLT late Tues announced pricing offering of $785 mln 0% 5-yr convertible bonds (CBs)

** Initial conversion price of $236.88 is 32.5% above stock's last close

** CVLT shares on Tues ended down 4.2% at $178.78 after co earlier in the day announced $750 mln offering for general purposes, including acquisitions or strategic investments in complementary businesses or technologies

** Co intends to use ~$86.9 mln of net proceeds to fund cost of capped calls and ~$117.7 mln to repurchase its stock from CB investors

** Initial cap price set at $357.56, a 100% premium to stock's last sale

** Including moves on the session, shares up ~20% YTD compared to 11% gain in the Nasdaq Composite .IXIC

** 9 of 12 analysts rate stock "strong buy" or "buy" and 3 rate "hold"; median PT is $213.50, LSEG data reflects

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))