Commvault Systems, Inc. provides cyber resiliency solutions for enterprises to protect, secure, and recover data, applications, and identity system. The company offers Operational Recovery for backup and recovery capabilities in hybrid enterprise workloads, such as backup, restore, recovery validation, and policy-based data movement to cloud storage; Autonomous Recovery, which adds automation, orchestration, and validation intended to reduce recovery times, downtime, and operational complexity; and Cyber Recovery, which adds cyber preparedness, threat detection, and clean recovery features to help organizations respond to ransomware and other cyber incidents. The company also provides Commvault Cleanroom Recovery, an isolated and on-demand recovery environment in the cloud; Commvault HyperScale Grid, an integrated and scale-out data protection solution; Commvault HyperScale Flex, a data protection solution designed to support enterprise-scale environments and large-volume data workloads; and Commvault Threatscan to help identify and isolate malicious or anomalous data within backup environments. In addition, it offers Commvault Cloud Air Gap Protect for isolated cloud storage; Commvault's Compliance, which includes reporting, auditing, and logging; Commvault's Cloud Rewind for data recovery with automated cloud application and infrastructure rebuild capabilities; and Commvault's Clumio Backtrack to revert cloud objects and datasets to a prior point in time. Further, the company provides professional and customer support services comprising real-time support, support engineers, customer success options, technology consulting services, recovery services, education services, and cyber resilience managed services. It operates in the United States, Canada, and Latin America, as well as in Europe, the Middle East, Africa, Australia, India, Southeast Asia, and China. Commvault Systems, Inc. was incorporated in 1996 and is headquartered in Tinton Falls, New Jersey.
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Commvault Expands Cloud Rewind Azure Coverage for Faster Recovery
Commvault announced advancements to Cloud Rewind that expand Microsoft Azure resource coverage for configuration protection and recovery. The expansion broadens Azure protection by 3X, now covering 62% of enterprise-relevant Azure resource types available in the market. Cloud Rewind continuously discovers cloud resources, maps application dependencies, and orchestrates recovery and rebuild of cloud applications from a single platform. The company also added deeper integration into Commvault backup and recovery through Protection Groups, and more advanced policy-based protection that automatically enrolls discovered resources by tag, region, and type across multiple cloud environments. Cloud Rewind is available today as an add-on workload within Commvault Cloud, with expanded Azure protection targeted for availability in the coming months and pricing metered based on protected cloud resources.
Commvault Systems Files $449.32 Million Shelf and Adds Google Threat Intelligence
Commvault Systems filed a US$449.32 million shelf registration for 3,374,000 common shares related to its employee stock ownership plan and announced a new integration bringing Google Threat Intelligence into its Threat Scan cyber resilience workflows. The company also upgraded inline malware scanning and added AI-enabled Synthetic Recovery enhancements. The shelf filing does not materially change the near-term story, which still hinges on sustaining subscription and SaaS ARR growth while managing margin pressure from the cloud mix. The Google integration deepens Commvault's role in helping customers identify uncompromised recovery points during cyber incidents, potentially supporting higher-value resilience-focused subscriptions but also adding complexity and spend. Commvault's narrative projects $1.6 billion revenue and $161.8 million earnings by 2029, requiring 10.6% yearly revenue growth and a $93.5 million earnings increase from $68.3 million today.
Commvault Integrates Threat Scan with Google Threat Intelligence for Faster Cyberattack Recovery
Commvault announced a new integration with Google Threat Intelligence to help organizations identify clean recovery points faster after cyberattacks. The integration incorporates Google Threat Intelligence data and scanning capabilities into Commvault Threat Scan workflows, enabling customers to analyze protected workloads for malware and pinpoint compromised recovery points. Commvault is also introducing inline scanning that collects file hashes during backup operations, allowing rapid threat intelligence validation and selective deeper analysis. These capabilities strengthen Commvault's Synthetic Recovery, which uses AI to automatically detect and remove threats during recovery. The new features are expected to be available in the coming months.
Commvault Q1 Earnings Beat Estimates on 39% SaaS Revenue Surge
Commvault Systems reported first-quarter fiscal 2027 non-GAAP earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.18 by 20.3%. Revenues rose 11.4% to $314.13 million, driven by a 39% jump in SaaS revenues to $100.55 million, crossing the $100 million quarterly threshold for the first time. Subscription annual recurring revenues increased 22% to $1.05 billion, with SaaS ARR growing 38% to $424.34 million. The company raised its full-year subscription revenue outlook to a range of $1.119 billion to $1.129 billion and increased its non-GAAP EBIT margin guidance by 50 basis points to approximately 21%.
Commvault shares plunge 17.5% after weak forecast overshadows earnings beat
Shares of data protection software company Commvault fell 17.5% after the company reported better-than-expected second-quarter results but issued a weak forecast for the upcoming quarter and saw its billings fall short of estimates. Sales rose 11.4% year-on-year to $314.1 million and profit per share beat analyst expectations, but investors focused on the weaker outlook. Billings, a key indicator of future revenue, declined year-on-year and missed Wall Street estimates, signaling potential headwinds and slower growth ahead. The stock is trading 37% below its 52-week high of $195.41 from September 2025.
Bernstein Liebhard Investigates Commvault Systems for Potential Fiduciary Duty Breaches
Bernstein Liebhard LLP announced an investigation into potential breaches of fiduciary duty by certain directors and officers of Commvault Systems, Inc. The law firm is examining whether Company leadership acted in shareholders' best interests and whether legal remedies may be available. Current Commvault shareholders who purchased shares before April 29, 2025 are encouraged to contact the firm to discuss their legal rights. Bernstein Liebhard has recovered more than $3.5 billion for clients since 1993.
Grabar Law Office Investigates Claims for Long-Term Shareholders of Commvault, GPGI, Hub Group, and Zillow
Grabar Law Office is investigating claims on behalf of long-term shareholders of Commvault Systems, GPGI formerly known as CompoSecure, Hub Group, and Zillow Group. The investigations concern whether certain officers and directors of each company breached their fiduciary duties. For Commvault, the probe follows a securities fraud class action alleging misleading statements about projected ARR growth for fiscal year 2026. For GPGI, a class action alleges the company overstated the value of Husky and misrepresented the motivation for the Husky Acquisition. For Hub Group, a class action alleges financial statements from Q1 2023 to Q3 2025 contained material misstatements. For Zillow, a class action alleges the company mischaracterized its agreement with Redfin Corporation and downplayed antitrust risks. Shareholders who purchased shares before specified dates and still hold them may seek corporate reforms and return of funds at no cost.
Rosen Law Firm reminds Commvault investors of July 17 lead plaintiff deadline
Rosen Law Firm reminds purchasers of Commvault Systems, Inc. securities between January 28, 2025 and January 26, 2026 of the July 17, 2026 lead plaintiff deadline in a securities class action. If you purchased Commvault securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The lawsuit alleges that throughout the Class Period, defendants made materially false and misleading statements and failed to disclose that Commvault’s competitive positioning was weaker than represented, forcing significant price and contract duration concessions, and that an increasing mix of SaaS sales negatively impacted margin and Net New ARR. Investors with losses in excess of $100,000 are encouraged to secure counsel before the deadline.
Pomerantz Law Firm Reminds Commvault Investors of Class Action Lawsuit and July 17 Deadline
Pomerantz LLP has filed a class action lawsuit against Commvault Systems, Inc. concerning possible securities fraud or unlawful business practices. Investors who purchased or acquired Commvault securities during the class period have until July 17, 2026, to seek appointment as lead plaintiff. The action follows Commvault's January 27, 2026, disclosure that its annual recurring revenue growth for the third quarter of fiscal 2026 was $39 million, missing the company's $45 million guidance. On that news, Commvault's stock price fell $40.23 per share, or 31.1%, to close at $89.13 per share.
Grabar Law Office Investigates Fiduciary Breach Claims Against ADMA Biologics, Commvault Systems, Erasca, and Hub Group
Grabar Law Office is investigating potential fiduciary duty breaches by officers and directors of ADMA Biologics, Commvault Systems, Erasca, and Hub Group. For ADMA Biologics, the probe concerns allegations of inadequate internal controls, channel-stuffing, and undisclosed related-party transactions, with a March 2026 research report claiming revenue growth was overstated. The Commvault investigation focuses on allegedly misleading statements about annual recurring revenue growth guidance for fiscal year 2026. Erasca is under scrutiny for allegedly making improper comparisons between its drug candidate ERAS-0015 and Revolution Medicines' RMC-6236, and for failing to disclose related intellectual property risks, with the stock declining after April 2026 disclosures of a patient death and patent infringement allegations. Hub Group is alleged to have issued financial statements from Q1 2023 to Q3 2025 containing material misstatements due to premature revenue recognition and understated transportation costs. Long-term shareholders who purchased before specified dates and still hold shares may seek corporate reforms and damages at no cost.
Investor deadline approaching for securities fraud class actions against Phreesia, Sportradar, Commvault, and Veritone
The Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of Phreesia, Sportradar Group, Commvault Systems, and Veritone, with lead plaintiff deadlines between July 13 and July 20, 2026. The Phreesia complaint alleges the company misled investors about its long-term growth outlook and revenue projections for fiscal year 2027, while the Sportradar suit claims the company worked with black-market gambling operators despite assurances of compliance. Commvault is accused of failing to disclose the impact of different sale types on annual recurring revenue growth, and Veritone allegedly overstated revenue and assets due to misclassified revenue and costs, leading to a restatement. Investors who suffered losses may contact the law firm to discuss their legal rights.
Frank R. Cruz Law Offices Reminds Investors of Class Action Deadlines for PHR, SRAD, CVLT, and VERI
The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of Phreesia, Sportradar Group, Commvault Systems, and Veritone. For Phreesia, the class period is May 8, 2025 through March 30, 2026, with a lead plaintiff deadline of July 13, 2026; the complaint alleges the company created a false impression about its long-term growth outlook and revenue projections. Sportradar's class period runs from November 7, 2024 to April 21, 2026, with a July 17, 2026 deadline, and the suit claims the company worked with black-market gambling operators despite assurances of compliance. Commvault Systems faces a class period of April 29, 2025 to January 26, 2026, also with a July 17, 2026 deadline, over allegations it failed to disclose the impact of different sales types on annual recurring revenue growth. Veritone's class period is October 14, 2025 through April 14, 2026, with a July 20, 2026 deadline, and the complaint alleges the company misclassified revenue and costs, overstated financials, and maintained deficient internal controls.
Bronstein, Gewirtz & Grossman LLC Files Class Action Against CommVault Systems Alleging Investor Harm
Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against CommVault Systems and certain officers, alleging violations of federal securities laws. The suit covers investors who purchased CommVault securities between April 29, 2025 and January 26, 2026. The complaint claims defendants made false and misleading statements and failed to disclose that they provided misleading guidance on annual recurring revenue growth for fiscal 2026, concealed adverse facts about the company's ARR growth environment, and knew or recklessly disregarded that the guidance did not properly account for critical variables. Investors have until July 17, 2026 to seek lead plaintiff appointment.
Commvault Investors Alerted to Expanded Securities Class Action
Hagens Berman alerts Commvault Systems investors that a securities class action lawsuit now covers an expanded alleged class period from January 28, 2025 to January 26, 2026. The suit claims the company misrepresented its competitive positioning, leading to price and contract duration concessions, a shift toward lower-ASP SaaS sales, and missed NNARR expectations. On January 27, 2026, Commvault reported NNARR of $39 million versus $45 million expected, and its stock fell $40.23 per share, or about 31%, to $89.13. The lead plaintiff deadline is July 17, 2026.
Robbins Geller Reminds Commvault Investors of July 17 Lead Plaintiff Deadline
Robbins Geller Rudman & Dowd LLP reminds purchasers of Commvault Systems securities between April 29, 2025 and January 26, 2026 that they have until July 17, 2026 to seek lead plaintiff appointment in a class action lawsuit. The suit alleges Commvault and certain executives made false statements about annualized recurring revenue growth, failing to disclose the impact of sale types on net new ARR. On January 27, 2026, Commvault reported third-quarter net new ARR of $39 million, below its $45 million guidance, causing its stock to drop more than 31%.
Rosen Law Firm reminds Commvault investors of July 17 lead plaintiff deadline
Rosen Law Firm reminds purchasers of Commvault Systems securities between January 28, 2025 and January 26, 2026 of the July 17, 2026 lead plaintiff deadline in a securities class action. The lawsuit alleges that throughout the class period, defendants made materially false and misleading statements and failed to disclose that Commvault’s competitive positioning was weaker than represented, forcing significant concessions on price and contract duration for software licenses. As these concessions became unsustainable, SaaS became a larger portion of sales, and the increasing mix of SaaS sales with shorter durations and lower average selling prices negatively impacted margin and Net New ARR. Investors who purchased Commvault securities during the class period may be entitled to compensation through a contingency fee arrangement. Those wishing to serve as lead plaintiff must move the Court no later than July 17, 2026.
Commvault Stock Shows Split Valuation: Cheap on Cash Flow, Expensive on Earnings
Commvault Systems' valuation picture is divided, with a discounted cash flow model suggesting the stock is 23.9% undervalued at an intrinsic value of about $193 per share, while its price-to-earnings ratio of 86.1 times stands well above the software industry average of 28.8 times and a tailored fair P/E estimate of 35.7 times. The company's latest twelve-month free cash flow of approximately $238.7 million and its AI-driven cyber resilience offerings, including a multiyear partnership with Microsoft Azure, support the constructive cash flow outlook. However, the elevated earnings multiple indicates that rich growth expectations are already priced in, and Commvault passes only two of six broader valuation checks. The key question is whether the company can translate its strategic positioning into sustained cash generation that justifies the current earnings premium.
Commvault Systems Launches Recovery Simulation Amid Mixed Valuation Signals
Commvault Systems has launched 'Commvault Minutes to Recovery,' a global cyber resilience simulation that lets security and IT teams rehearse AI-driven attacks and benchmark clean recovery performance. The stock last closed at $153.72, which a Simply Wall St narrative fair value estimate pegs at $135.20, suggesting it is 13.7% overvalued. That narrative points to rapid SaaS expansion, with 63% SaaS ARR growth, a 45% increase in multi-product customers, and 125% SaaS net dollar retention. However, a separate Simply Wall St discounted cash flow model yields an estimated fair value of $193, implying the stock trades about 20.4% below that figure. The launch comes alongside a new Chief Partner Officer, an expanded Microsoft Azure partnership, and a recently filed securities class action.
CVLT Investors Have Opportunity to Lead Commvault Securities Fraud Lawsuit
The Schall Law Firm reminds investors of a class action lawsuit against Commvault Systems, Inc. for alleged securities fraud. Investors who purchased Commvault securities between April 29, 2025 and January 26, 2026 are encouraged to contact the firm before July 17, 2026. The complaint alleges the company made false and misleading statements about its ARR growth, failing to factor in important variables such as the type of sale. When the market learned the truth, investors suffered damages.
Faruqi & Faruqi Reminds Commvault Investors of July 17 Lead Plaintiff Deadline
Faruqi & Faruqi, LLP reminds investors who purchased Commvault Systems securities between April 29, 2025 and January 26, 2026 of the July 17, 2026 deadline to seek lead plaintiff appointment in a federal securities class action. The lawsuit alleges that Commvault and its executives made false and misleading statements by providing overly positive guidance on annual recurring revenue growth while concealing that the projections failed to properly account for crucial variables such as the type of sale. On January 27, 2026, Commvault reported third-quarter fiscal 2026 results showing SaaS ARR growth of 40%, a meaningful deceleration from 56% in the prior quarter, causing the stock to decline over 31% in a single day. Investors who suffered losses may contact the firm to discuss their legal rights.
Commvault executives sold $9.4 million in stock amid securities class action
Commvault Systems executives sold over $9.4 million in company shares between February and May 2026, following a 31% stock price collapse on January 27, 2026, after disappointing quarterly results. CEO Sanjay Mirchandani sold approximately 72,874 shares totaling over $7,015,973, CFO Gary Merrill sold approximately 20,474 shares totaling over $2,101,458, and Chief Accounting Officer Danielle Nicole Abrahamsen sold approximately 2,951 shares totaling over $305,668. The sales occurred as the company faces a federal securities class action alleging it misled investors about its growth prospects during the period from April 29, 2025, to January 26, 2026. The lawsuit claims Commvault created a misleading impression by touting strong execution and hyper-growth in its SaaS platform, while the January 27 report revealed a significant miss in net new annual recurring revenue, a reduction in full-year ARR growth guidance, and a deceleration in SaaS ARR year-over-year growth from 71% to 40%, partly due to lower-priced deals and heavy discounting. Hagens Berman is investigating the claims and encourages investors with substantial losses to come forward.
Saxena White Files Expanded Securities Class Action Against Commvault Systems
Saxena White P.A. has filed a new securities class action lawsuit against Commvault Systems, Inc. and certain executive officers, expanding the allegations and class period from a previously filed related action. The lawsuit, filed in the United States District Court for the District of New Jersey, asserts claims under the Securities Exchange Act of 1934 on behalf of investors who purchased or acquired Commvault securities between January 28, 2025 and January 26, 2026. The complaint alleges that defendants misled investors about the company's competitive position, failing to disclose that increased competition forced unsustainable price and contract duration concessions, which in turn negatively impacted margins and net new annualized recurring revenue. The truth emerged on January 27, 2026, when Commvault reported third-quarter fiscal 2026 results showing net new annualized recurring revenue of $39 million, missing analyst expectations of approximately $45 million, and revealing that SaaS deals had increased to 70% of the mix, causing the stock to fall $40.23 per share, or about 31%, to close at $89.13. Investors seeking to serve as lead plaintiff must file a motion by July 17, 2026.
Commvault investors face July 17 deadline to seek lead plaintiff role in securities fraud lawsuit
Glancy Prongay Wolke & Rotter LLP reminds investors that July 17, 2026 is the deadline to file a lead plaintiff motion in a class action lawsuit against Commvault Systems Inc. The lawsuit covers those who purchased or acquired Commvault securities between April 29, 2025 and January 26, 2026. The action follows a January 27, 2026 disclosure that Commvault's third-quarter fiscal 2026 annualized recurring revenue growth was 22% and total net new ARR was $39 million, missing prior guidance of $45 million, which management attributed to product mix including increased SaaS deals. On that news, Commvault's stock fell $40.23, or 31.1%, to close at $89.13 per share. The complaint alleges that defendants made materially false and misleading statements and failed to disclose that the impact of different sale types on ARR growth was known or recklessly disregarded, rendering positive statements about the company's business, operations, and prospects misleading.
Commvault Faces Growth, Efficiency, and Margin Concerns
Commvault's long-term revenue growth, customer acquisition efficiency, and shrinking operating margin raise concerns, according to an analysis by StockStory. The company's sales grew at a 10.3% compounded annual rate over five years, which fell short of software sector expectations. Its customer acquisition cost payback period was negative in the latest quarter, indicating that incremental sales and marketing spending outpaced revenue. Additionally, Commvault's GAAP operating margin declined by 1.2 percentage points over two years to 6.3%, despite revenue growth that should have improved economies of scale. The stock trades at 4.8 times forward price-to-sales, but the analysis suggests better opportunities exist elsewhere.
Microsoft enters strategic partnership with Commvault for AI and cyber resilience
Microsoft Corporation entered a strategic partnership with Commvault on June 24, 2026, to enhance AI and cyber resilience for enterprises moving to the cloud. Under the agreement, Microsoft will integrate Commvault's resilience technologies as a native ISV service on Microsoft Azure, allowing Azure customers to discover, provision, and deploy data protection capabilities directly from the cloud platform. The integrated technologies will enable enterprises to rapidly restore data, applications, and identities in the event of a cyberattack, outage, or operational error. The partnership offers a unified experience across procurement and onboarding, eliminating the need for manual integration. Separately, on June 23, Microsoft completed construction on its first data center facility in Mount Pleasant, Wisconsin, which is now fully operational and houses a supercomputer for global AI innovation, supporting nearly 550 full-time local jobs.
Commvault Executives Sold $9.4 Million in Stock Amid Class Action
Commvault Systems executives sold over $9.4 million in company shares between February and May 2026, following a 31% stock price collapse on January 27, 2026, after disappointing quarterly results. CEO Sanjay Mirchandani sold approximately 72,874 shares totaling over $7,015,973, CFO Gary Merrill sold approximately 20,474 shares totaling over $2,101,458, and Chief Accounting Officer Danielle Nicole Abrahamsen sold approximately 2,951 shares totaling over $305,668. The sales occurred as the company faces a federal securities class action alleging it misled investors about its growth prospects, with the lawsuit claiming Commvault created a misleading impression about its growth trajectory and failed to disclose the impact of lower-priced SaaS deals and heavy discounting on its ARR growth. The class period runs from April 29, 2025, to January 26, 2026, and the lead plaintiff deadline is July 17, 2026.
Commvault Systems has signed a multiyear strategic agreement with Microsoft that will offer Commvault's AI and cyber-resilience technologies as a native independent software vendor service directly on Microsoft Azure. The deal enables Azure customers to integrate Commvault's data recovery, application restoration, and identity-resilience capabilities without complex third-party integrations, effectively making the platform plug-and-play for Microsoft's vast enterprise customer base. Commvault recently reported fourth-quarter revenue of $312 million, beating analyst estimates of $306.5 million, with adjusted EPS of $1.28 versus the $1.09 estimate. Total annual recurring revenue grew 21% year-over-year to $1.12 billion, while SaaS revenue increased 43% to $93 million. The stock has rebounded 71% in the past three months amid the Microsoft partnership and takeover interest from private equity firm Thoma Bravo, which is exploring options with Goldman Sachs.
Grabar Law Office Investigates Claims on Behalf of Long-Term Shareholders of Badger Meter, Commvault Systems, Navan, and New Era Energy & Digital
Grabar Law Office is investigating claims on behalf of long-term shareholders of Badger Meter, Commvault Systems, Navan, and New Era Energy & Digital. The investigations concern whether certain officers and directors of these companies breached their fiduciary duties. For Badger Meter, a recently filed federal securities class action alleges that the company attributed its strong financial performance to favorable industry trends while masking the impact of accelerated customer orders that depleted future revenue, with the truth emerging through disappointing quarterly announcements in 2025 and 2026 that caused significant stock price declines. For Commvault Systems, a securities fraud class action complaint alleges that the company made materially false and misleading statements regarding its projected annual recurring revenue growth for fiscal year 2026, failing to properly factor in crucial variables such as the type of sale. For Navan, a federal securities fraud class action complaint alleges that the company's October 30, 2025 initial public offering materials omitted material information indicating that revenue growth was decelerating and that the company would substantially increase sales and marketing spending to sustain reported growth metrics. For New Era Energy & Digital, a recently filed federal securities fraud class action complaint alleges that the company made false and misleading statements concerning its Texas Critical Data Centers project, permitting progress, environmental liabilities, and related-party oil and gas transactions, and that the New Mexico Attorney General filed suit on December 29, 2025 alleging a fraudulent oil-and-gas scheme. Shareholders who purchased or acquired shares prior to certain dates and still hold them may be able to seek corporate reforms, the return of funds to the company, and a court-approved incentive award at no cost.
Bragar Eagel & Squire Reminds Commvault Investors of July 17 Lead Plaintiff Deadline
Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed against Commvault Systems, Inc. and that the deadline to seek lead plaintiff appointment is July 17, 2026. The lawsuit, filed in the United States District Court for the District of New Jersey, covers purchasers of Commvault securities between April 29, 2025 and January 26, 2026. The complaint alleges that Commvault created a false impression about steady annualized recurring revenue growth for fiscal year 2026, failing to disclose crucial variables such as sale type. On January 27, 2026, Commvault reported third-quarter ARR growth of $39 million, below the $45 million projection, causing its stock to drop from $129.36 to $89.13 per share, a decline of over 31% in a single day. Investors who suffered losses can contact the firm at investigations@bespc.com or (212) 355-4648.
Investor Deadline Alert Issued for Phreesia, Sportradar, Commvault, and Veritone Securities Class Actions
The Law Offices of Howard G. Smith reminds investors of upcoming lead plaintiff deadlines in securities fraud class actions against Phreesia, Sportradar, Commvault, and Veritone. Phreesia faces a July 13, 2026 deadline over allegations it misled investors about its pharmaceutical marketing commitments as a durable growth driver for its Network Solutions segment, putting fiscal 2027 revenue targets at risk. Sportradar has a July 17, 2026 deadline amid claims it worked with black-market gambling operators and overstated its compliance processes. Commvault also has a July 17, 2026 deadline, with allegations it failed to disclose how different sale types impact annual recurring revenue growth. Veritone's deadline is July 20, 2026, over accusations of misclassified revenue, overstated assets, and deficient internal controls that led to financial restatements.
Commvault Stock Outlook Turns on SaaS Growth and Cyber Demand Now
Commvault Systems is increasingly being judged by its ability to convert cyber resilience demand into recurring, higher-visibility growth. In the fourth quarter of fiscal 2026, SaaS revenue rose 43% year over year to $93 million, and for the full fiscal year, SaaS revenue increased 52% to $333 million. SaaS annual recurring revenues reached $400 million, up 42% year over year, while subscription annual recurring revenues increased 27% to $989 million and total annual recurring revenues rose 21% to $1.12 billion. Management expects total revenues of $1.30 to $1.31 billion in fiscal 2027, implying slower expansion than the 19% revenue growth delivered in fiscal 2026, and perpetual license revenue remains a pressure point, falling 32% year over year in the fiscal fourth quarter. CVLT currently carries a Zacks Rank #3 (Hold) with a VGM Score of C, reflecting a balanced setup as investors weigh growth and margin trade-offs.
Commvault Systems faces securities class action after 31% stock plunge on alleged ARR miss
Commvault Systems, Inc. faces a securities class action lawsuit on behalf of investors who purchased shares between April 29, 2025 and January 26, 2026. The suit follows a 31% stock collapse on January 27, 2026, after the company reported third-quarter fiscal 2026 results that included a significant shortfall in net new annual recurring revenue, a reduction in full-year ARR growth guidance, and a deceleration in SaaS ARR year-over-year growth from 71% to just 40%. The litigation alleges that Commvault and its management knew but failed to disclose that sales were increasingly coming from lower-priced SaaS deals and heavily discounted long-term contracts, which pressured ARR and SaaS ARR, and that the composition of sales activity mattered for growth. Hagens Berman is investigating the claims and encourages investors with substantial losses to submit their information before the July 17, 2026 lead plaintiff deadline.
Grabar Law Office investigates fiduciary breach claims against Commvault, LKQ, Phreesia, and Power Solutions International
Grabar Law Office is investigating claims on behalf of long-term shareholders of Commvault Systems, LKQ Corporation, Phreesia, and Power Solutions International, alleging that certain officers and directors breached their fiduciary duties. For Commvault, the investigation concerns allegedly misleading guidance on annual recurring revenue growth for fiscal year 2026, with shareholders who purchased before April 29, 2025 and still hold shares encouraged to seek corporate reforms. The LKQ probe relates to a securities fraud class action alleging that senior executives misled investors about the performance and risks of the $2.1 billion acquisition of Uni-Select, including the FinishMaster business, with shareholders who held shares since before February 27, 2023 eligible to participate. Phreesia's investigation follows a complaint claiming the company made false statements about slowing demand and weakened pharmaceutical marketing commitments in its Network Solutions segment, affecting shareholders who purchased before May 8, 2025. Power Solutions International is also under investigation after a class action alleged the company overstated its ability to capture data center market demand and understated the costs of manufacturing capacity enhancements, with shareholders who acquired securities before May 8, 2025 able to seek reforms.
Commvault investors have until July 17 to seek lead plaintiff role in class action
Robbins Geller Rudman & Dowd LLP announced that purchasers of Commvault Systems securities between April 29, 2025 and January 26, 2026 have until July 17, 2026 to seek appointment as lead plaintiff in a class action lawsuit. The suit alleges that Commvault and certain executives made false or misleading statements about annualized recurring revenue growth, failing to disclose the impact of different sale types on net new ARR. On January 27, 2026, Commvault reported third-quarter net new ARR of $39 million, below the previously guided $45 million, causing its stock to fall more than 31%. The lead plaintiff will direct the litigation on behalf of all class members and may select a law firm of its choice.