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.
CommVault Systems IncWeak forecast and billings miss overshadowed earnings beat, causing 17.5% drop.
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