Commvault Systems, Inc. faces a securities class action lawsuit on behalf of investors who purchased shares between April 29, 2025 and January 26, 2026. The suit follows a 31% stock collapse on January 27, 2026, after the company reported third-quarter fiscal 2026 results that included a significant shortfall in net new annual recurring revenue, a reduction in full-year ARR growth guidance, and a deceleration in SaaS ARR year-over-year growth from 71% to just 40%. The litigation alleges that Commvault and its management knew but failed to disclose that sales were increasingly coming from lower-priced SaaS deals and heavily discounted long-term contracts, which pressured ARR and SaaS ARR, and that the composition of sales activity mattered for growth. Hagens Berman is investigating the claims and encourages investors with substantial losses to submit their information before the July 17, 2026 lead plaintiff deadline.
CommVault Systems IncSecurities class action lawsuit alleging undisclosed ARR miss and sales composition issues.