people · May 21, 2026
Is Commvault Systems ($CVLT) Facing a Credibility Crisis
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Commvault Systems faces a securities class action lawsuit Imbert v. Commvault Systems Inc. No. 26-cv-5654 in U.S. District Court for the District of New Jersey alleging misleading guidance on fiscal year 2026 ARR growth. The suit stems from January 27 2026 Q3 2026 results reporting $39 million net new ARR missing the $45 million projection due to sales type mix shift. Commvault stock dropped over 31% from $129.36 close on January 26 2026 to $89.13 on January 27 2026. Investors who purchased between April 29 2025 and January 26 2026 have until July 17 2026 to seek lead plaintiff status. CEO Sanjay Mirchandani received $18.81 million compensation in 2025 while the company employs 3,300 as of March 31 2026 and holds $4.31 billion market cap as of May 20 2026.