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.
CommVault Systems IncSecurities class action lawsuit alleges misrepresentation of competitive positioning, leading to missed NNARR expectations and a 31% stock drop.