market · May 21, 2026
Commvault Systems Class Action Lawsuit Deadline July 17 2026
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Robbins Geller Rudman & Dowd LLP reports a class action lawsuit filed against Commvault Systems Inc. alleging violations of federal securities laws. The complaint states that on January 27 2026 Commvault released third quarter 2026 financial results revealing net new ARR of $39 million below the $45 million guidance due to ARR mix shift toward lower average sales price SaaS deals. This caused a 31% stock drop. Investors who purchased Commvault shares from April 29 2025 through January 26 2026 may seek lead plaintiff status by the July 17 2026 deadline in the case captioned Imbert v. Commvault Systems Inc. in the U.S. District Court for the District of New Jersey.
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