Commvault Systems, Inc. (NASDAQ: CVLT)

This lawsuit is for anyone who acquired securities in Commvault Systems, Inc. (NASDAQ: CVLT) from May 1, 2025 through February 27, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely disclose to investors that the Company would miss guidance when the Company knew that its growth projections were erroneous.

On January 27, 2026, Commvault published third quarter 2026 fiscal results, including that annualized recurring revenue (“ARR”) of 22% and a total net new ARR was $39 million, falling short of the prior quarter’s guidance for $45 million of net new ARR for the quarter. Management revealed in the accompanying earnings call that the variation was due to product mix, including increased SaaS deals in the quarter. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Commvault Systems, Inc. (NASDAQ: CVLT) from May 1, 2025 through February 27, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.