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.
CommVault Systems IncClass action lawsuit filed alleging false statements about ARR growth, causing stock drop.