Commvault Faces Securities Fraud Lawsuits
Analysis based on 236 articles · First reported May 18, 2026 · Last updated Jun 11, 2026
The multiple class action lawsuits against Commvault for alleged securities fraud have led to a significant decline in Commvault's stock price, impacting investors who purchased shares during the Class Period. The lawsuits highlight concerns over the company's financial reporting and growth projections, potentially leading to substantial financial recoveries for affected shareholders if the lawsuits are successful.
Commvault Systems, Inc. is facing multiple class action lawsuits alleging securities fraud. These lawsuits, filed by firms including The Schall Law Firm, Bronstein, Gewirtz & Grossman, LLC, Hagens Berman, Pomerantz LLP, Robbins Geller Rudman & Dowd LLP, Rosen Law Firm, Bleichmar Fonti & Auld LLP, Glancy Prongay & Murray, Law Offices of Howard G. Smith, and The Gross Law Firm, claim that Commvault made false and misleading statements regarding its Annual Recurring Revenue (ARR) growth for fiscal year 2026. Specifically, the complaints allege that Commvault failed to properly account for critical variables, such as the type of sales, which impacted its ARR performance. The truth was revealed on January 27, 2026, when Commvault reported Q3 2026 financial results, showing net new ARR of $39 million, falling short of its $45 million guidance. This news caused Commvault's stock price to plummet by over 31%, or $40.23 per share, to close at $89.13 per share. Investors who purchased Commvault securities between April 29, 2025, and January 26, 2026, are encouraged to join these lawsuits, with a lead plaintiff deadline of July 17, 2026. The cases are pending in the United States — United States District Court for the District of New Jersey.
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