Robbins Geller Rudman & Dowd LLP reminds purchasers of Commvault Systems securities between April 29, 2025 and January 26, 2026 that they have until July 17, 2026 to seek lead plaintiff appointment in a class action lawsuit. The suit alleges Commvault and certain executives made false statements about annualized recurring revenue growth, failing to disclose the impact of sale types on net new ARR. On January 27, 2026, Commvault reported third-quarter net new ARR of $39 million, below its $45 million guidance, causing its stock to drop more than 31%.
CommVault Systems IncClass action lawsuit alleges false statements about ARR growth; stock dropped 31% after missing guidance.