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Class action lawsuit filed against Commvault over misleading ARR growth projections.

Market News
19 May 2026
GlobeNewsWire
View Source
Bearish
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Faruqi & Faruqi, LLP is investigating a securities class action lawsuit against Commvault Systems, Inc. for allegedly providing misleading guidance on its annual recurring revenue (ARR) growth for fiscal 2026. The company reported a 40% SaaS ARR growth for Q3 2026, which was a significant slowdown from the previous quarter's 56%, causing the stock to drop over 31%. Investors who bought Commvault shares between April 29, 2025, and January 26, 2026, are encouraged to consider legal options before the July 17, 2026 deadline to seek lead plaintiff status. The lawsuit claims Commvault concealed material facts that inflated its stock price.

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