Commvault Systems (CVLT) Securities Class Action Filed Amid Q3 2026's Apparent Inconsistencies With Prior Growth Narrative and $1.7B Market Cap Wipeout - Hagens Berman

About this update from Commvault Systems, Inc.

CVLT Investors with Losses Encouraged to Contact the FirmSAN FRANCISCO, May 26, 2026 /PRNewswire/ -- Commvault Systems, Inc. (NASDAQ: CVLT) faces a securities class action lawsuit, which seeks to represent investors who purchased or otherwise acquired Commvault securities between April 29, 2025 and January 26, 2026.The lawsuit follows the massive 31% collapse in the company shares on January 27, 2026, triggered by the company's Q3 2026 financial results that included a significant shortfall in certain critical financial metrics.Hagens Berman is investigating the pending claims alleging Commvault's pre-January 27 disclosures violated the federal securities laws. The firm encourages Commvault investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist the investigation to contact its attorneys.Class Period: Apr. 29, 2025 – Jan. 26, 2026Lead Plaintiff Deadline: July 17, 2026Visit: www.hbsslaw.com/investor-fraud/cvltContact the Firm Now: [email protected] Systems, Inc. (CVLT) Securities Class Action:Commvault provides its customers cyber resiliency by protecting and recovering their data and cloud-native applications amidst increasing cyber threats and attacks.The company generates revenues through subscriptions, including Software-as-a-Service ("SaaS"), and has said that subscription annual recurring revenue ("ARR") "is the best indicator of the company's growth." Accordingly, investors have focused on this key metric, of which SaaS ARR accounts for about 38%.During the Class Period, Commvault repeatedly touted that its "execution has never been better across the business[,]" said it would "continue to see hyper-growth within [its] SaaS platform[,]" and hyped its ARR growth and accelerated SaaS target achievement "two quarters earlier than planned."The primary focus of the litigation is the claim that the company and its management knew but did not disclose how different types of sales would impact ARR growth, that the company increasingly focused on lower-priced SaaS deals and discounting, and created the misleading impression that its ARR would remain steady throughout fiscal 2026.Investors learned the truth on January 27, 2026 after Commvault reported underwhelming Q3 2026 financial results. Of concern was the significant miss in net new ARR, a redu...

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