Glancy Prongay Wolke & Rotter LLP reminds Commvault Systems Inc. shareholders of a July 17, 2026 deadline to move for lead plaintiff in a class action over losses tied to the company's January 27, 2026 earnings miss. The suit covers investors who bought Commvault securities between April 29, 2025 and January 26, 2026, after the company reported third-quarter annualized recurring revenue of 22% and net new ARR of $39 million, below the prior quarter's $45 million guidance. Management attributed the shortfall to product mix, including more SaaS deals, and the stock fell $40.23, or 31.1%, to $89.13 per share that day. The complaint alleges defendants misled investors by failing to disclose how different sale types would affect ARR growth and that positive statements lacked a reasonable basis.
CommVault Systems IncEarnings miss and securities fraud suit alleging misleading statements about ARR growth.