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.
CommVault Systems IncCommvault missed its ARR guidance, triggering a class action lawsuit and a 31% stock drop.