Commvault Faces Shareholder Class Action Over Misleading Statements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
0mins
Source: Globenewswire
Commvault Systems Inc's stock has risen by 5.38%, reaching a 20-day high, despite the broader market decline with the Nasdaq-100 down 0.74% and S&P 500 down 0.18%.
The rise in Commvault's stock comes amid a class action lawsuit notice issued by the Gross Law Firm, which alleges that the company made misleading statements regarding its Annual Recurring Revenue (ARR) growth. The lawsuit highlights that Commvault's reported ARR growth of $39 million fell short of the $45 million guidance, leading to a significant stock price drop of over 31% on January 27, 2026. Shareholders are encouraged to register by July 17, 2026, to participate in the class action.
This legal action reflects ongoing concerns about Commvault's financial transparency and governance, potentially impacting investor confidence. The stock's current performance may indicate a temporary rebound, but the underlying issues raised in the lawsuit could pose risks for future growth.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CVLT?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on CVLT
Wall Street analysts forecast CVLT stock price to fall
13 Analyst Rating
11 Buy
2 Hold
0 Sell
Strong Buy
Current: 150.050
Low
100.00
Averages
140.33
High
185.00
Current: 150.050
Low
100.00
Averages
140.33
High
185.00
About CVLT
Commvault Systems, Inc. is a provider of cyber resilience and data protection solutions. The Company helps the enterprise protect, secure, and recover its data, applications, and identity systems against cyber threats and attacks. It delivers its solutions through Commvault Cloud, a cloud-native platform that unifies data security, cyber recovery, and identity resilience across on-premises, hybrid, multi-cloud, and software as a service (SaaS) environment. It provides a set of capabilities intended to help customers prepare for, withstand, and recover from cyber incidents such as ransomware, data corruption, infrastructure failures, and cyberattacks. Its Commvault Cloud offerings are organized into three packages, such as Operational Recovery, Autonomous Recovery and Cyber Recovery. Operational Recovery provides core backup and recovery capabilities across hybrid enterprise workloads. Its offerings include Commvault Cleanroom Recovery, Commvault HyperScale Grid, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Commvault to Webcast Q1 FY2027 Earnings Results on July 28, 2026
- Earnings Call Schedule: Commvault will host a conference call on July 28, 2026, at 8:30 a.m. EDT to discuss its Q1 FY2027 earnings results, which are expected to provide critical performance metrics and future outlook, aiding investors in assessing the company's financial health.
- Participation Details: Investors can access the live webcast via Commvault's website or dial in at Toll Free: 800-715-9871 and International: 646-307-1963, with a recommendation to call 15 minutes early to avoid delays, reflecting the company's commitment to investor communication.
- Replay Availability: A replay of the call will be accessible on Commvault's website post-event, ensuring that investors who cannot attend live can still obtain important information, thereby enhancing transparency and investor trust.
- Company Overview: Commvault is a leader in unified resilience at enterprise scale, focusing on data security, identity resilience, and cyber recovery, dedicated to helping customers maintain business continuity in an evolving threat landscape, underscoring its significant position in the industry.
See More
Commvault Securities Class Action Lawsuit Expanded
- Expanded Allegations: The newly filed class action lawsuit extends the alleged fraud period for Commvault from April 29, 2025, to January 28, 2025, capturing a broader range of investor activities and potentially increasing the company's legal liabilities.
- Financial Performance Miss: On January 27, 2026, Commvault reported a net new annual recurring revenue (NNARR) of $39 million, falling short of analysts' expectations of $45 million, which led to a 31% drop in stock price, closing at $89.13.
- Executive Accountability Investigation: Hagens Berman is investigating whether Commvault and its executives misled investors during the expanded class period, and if substantiated, this could significantly impact the company's reputation and stock performance.
- Investor Loss Recovery: Hagens Berman encourages Commvault investors who suffered substantial losses to submit their information for potential compensation in the lawsuit, which may affect future investor confidence and market performance.
See More
Multiple Companies Facing Class Action Lawsuits
- Phreesia Lawsuit: Phreesia Inc. is facing allegations for misleading investors during the period from May 2025 to March 2026 by claiming reliable long-term growth prospects, while the sustainability of its pharmaceutical marketing commitments was uncertain, potentially jeopardizing its 2027 revenue targets.
- Sportradar Violations: Sportradar Group AG is accused of collaborating with black-market gambling operators from November 2024 to April 2026, despite assurances of legal compliance, leading to materially misleading statements about its business prospects.
- Commvault Sales Issues: Commvault Systems Inc. is under scrutiny for failing to disclose the impact of different sales types on annual recurring revenue (ARR) growth from January 2025 to January 2026, resulting in misleading positive statements about its business outlook.
- Veritone Financial Misconduct: Veritone, Inc. is facing allegations of inaccurately recording and misclassifying revenue from October 2025 to April 2026, necessitating a restatement of financial statements, which severely undermines investor confidence in the company's operations.
See More
Commvault Launches Cyber Resilience Simulation for AI Threats
- Cyber Resilience Simulation: Commvault's newly launched 'Commvault Minutes to Recovery' simulation allows participants to experience AI cyberattacks in realistic scenarios, enhancing organizational readiness and ensuring competitiveness in a rapidly evolving threat landscape.
- Attacker and Defender Roles: Participants first act as attackers using cutting-edge AI tools to launch attacks, then switch to defenders making real-time decisions under pressure, thereby gaining deep insights into the demands and challenges of each phase and improving cross-team coordination.
- Recovery Capability Benchmark: The Mean Time to Clean Recovery (MTCR) benchmark provided by the simulation measures recovery readiness based on performance under pressure rather than planning assumptions, ensuring organizations can recover quickly and effectively during real attacks.
- Global Partnership Opportunities: Through Commvault's global partner network, Minutes to Recovery offers partners a high-engagement customer experience, fostering strategic resilience discussions and helping clients validate their recovery capabilities and enhance their confidence in responding to disruptions.
See More
Commvault Schedules Q1 FY2027 Earnings Webcast on July 28, 2026
- Earnings Webcast Announcement: Commvault will host a webcast discussing its Q1 FY2027 earnings results on July 28, 2026, at 8:30 a.m. EDT, allowing investors to access crucial financial performance insights through its official website.
- Dial-in Instructions: Investors can join the call by dialing Toll Free: 800-715-9871 or International: 646-307-1963, referencing Event ID 2968720, with a recommendation to dial in 15 minutes early to avoid delays and ensure smooth participation in the discussion.
- Replay Availability: A replay of the webcast will be available on Commvault's website after the event, providing an opportunity for investors who could not attend live to review the earnings report, thereby enhancing information transparency.
- Company Overview: Commvault is a leader in unified resilience at enterprise scale, focusing on data security, identity resilience, and cyber recovery, dedicated to helping customers maintain business continuity in an evolving threat landscape, highlighting its significant position in the industry.
See More
Commvault Launches Cyber Resilience Simulation Training
- Cyber Resilience Simulation: Commvault introduces 'Commvault Minutes to Recovery', allowing participants to simulate AI cyberattacks and test their recovery capabilities, thereby enhancing organizational readiness against rapid cyber threats.
- Accelerated Attack Speed: In 2025, the time from vulnerability discovery to active exploitation has narrowed to 29 minutes, 65% faster than the previous year, necessitating organizations to have not just recovery plans but proven recovery readiness.
- Multi-Role Experience: Participants assume the roles of attacker, defender, and recovery expert during the simulation, gaining insights into the demands of each phase and identifying critical technical and operational weaknesses in their recovery plans.
- Global Availability: The simulation is accessible through Commvault's global partner network, delivered in six languages, aimed at helping organizations validate their recovery capabilities in real-world scenarios and enhance strategic resilience discussions with customers.
See More
Commvault to Webcast Q1 FY2027 Earnings Results on July 28, 2026
- Earnings Call Schedule: Commvault will host a conference call on July 28, 2026, at 8:30 a.m. EDT to discuss its Q1 FY2027 earnings results, which are expected to provide critical performance metrics and future outlook, aiding investors in assessing the company's financial health.
- Participation Details: Investors can access the live webcast via Commvault's website or dial in at Toll Free: 800-715-9871 and International: 646-307-1963, with a recommendation to call 15 minutes early to avoid delays, reflecting the company's commitment to investor communication.
- Replay Availability: A replay of the call will be accessible on Commvault's website post-event, ensuring that investors who cannot attend live can still obtain important information, thereby enhancing transparency and investor trust.
- Company Overview: Commvault is a leader in unified resilience at enterprise scale, focusing on data security, identity resilience, and cyber recovery, dedicated to helping customers maintain business continuity in an evolving threat landscape, underscoring its significant position in the industry.
See More
Commvault Securities Class Action Lawsuit Expanded
- Expanded Allegations: The newly filed class action lawsuit extends the alleged fraud period for Commvault from April 29, 2025, to January 28, 2025, capturing a broader range of investor activities and potentially increasing the company's legal liabilities.
- Financial Performance Miss: On January 27, 2026, Commvault reported a net new annual recurring revenue (NNARR) of $39 million, falling short of analysts' expectations of $45 million, which led to a 31% drop in stock price, closing at $89.13.
- Executive Accountability Investigation: Hagens Berman is investigating whether Commvault and its executives misled investors during the expanded class period, and if substantiated, this could significantly impact the company's reputation and stock performance.
- Investor Loss Recovery: Hagens Berman encourages Commvault investors who suffered substantial losses to submit their information for potential compensation in the lawsuit, which may affect future investor confidence and market performance.
See More
Multiple Companies Facing Class Action Lawsuits
- Phreesia Lawsuit: Phreesia Inc. is facing allegations for misleading investors during the period from May 2025 to March 2026 by claiming reliable long-term growth prospects, while the sustainability of its pharmaceutical marketing commitments was uncertain, potentially jeopardizing its 2027 revenue targets.
- Sportradar Violations: Sportradar Group AG is accused of collaborating with black-market gambling operators from November 2024 to April 2026, despite assurances of legal compliance, leading to materially misleading statements about its business prospects.
- Commvault Sales Issues: Commvault Systems Inc. is under scrutiny for failing to disclose the impact of different sales types on annual recurring revenue (ARR) growth from January 2025 to January 2026, resulting in misleading positive statements about its business outlook.
- Veritone Financial Misconduct: Veritone, Inc. is facing allegations of inaccurately recording and misclassifying revenue from October 2025 to April 2026, necessitating a restatement of financial statements, which severely undermines investor confidence in the company's operations.
See More
Commvault Launches Cyber Resilience Simulation for AI Threats
- Cyber Resilience Simulation: Commvault's newly launched 'Commvault Minutes to Recovery' simulation allows participants to experience AI cyberattacks in realistic scenarios, enhancing organizational readiness and ensuring competitiveness in a rapidly evolving threat landscape.
- Attacker and Defender Roles: Participants first act as attackers using cutting-edge AI tools to launch attacks, then switch to defenders making real-time decisions under pressure, thereby gaining deep insights into the demands and challenges of each phase and improving cross-team coordination.
- Recovery Capability Benchmark: The Mean Time to Clean Recovery (MTCR) benchmark provided by the simulation measures recovery readiness based on performance under pressure rather than planning assumptions, ensuring organizations can recover quickly and effectively during real attacks.
- Global Partnership Opportunities: Through Commvault's global partner network, Minutes to Recovery offers partners a high-engagement customer experience, fostering strategic resilience discussions and helping clients validate their recovery capabilities and enhance their confidence in responding to disruptions.
See More
Commvault Schedules Q1 FY2027 Earnings Webcast on July 28, 2026
- Earnings Webcast Announcement: Commvault will host a webcast discussing its Q1 FY2027 earnings results on July 28, 2026, at 8:30 a.m. EDT, allowing investors to access crucial financial performance insights through its official website.
- Dial-in Instructions: Investors can join the call by dialing Toll Free: 800-715-9871 or International: 646-307-1963, referencing Event ID 2968720, with a recommendation to dial in 15 minutes early to avoid delays and ensure smooth participation in the discussion.
- Replay Availability: A replay of the webcast will be available on Commvault's website after the event, providing an opportunity for investors who could not attend live to review the earnings report, thereby enhancing information transparency.
- Company Overview: Commvault is a leader in unified resilience at enterprise scale, focusing on data security, identity resilience, and cyber recovery, dedicated to helping customers maintain business continuity in an evolving threat landscape, highlighting its significant position in the industry.
See More
Commvault Launches Cyber Resilience Simulation Training
- Cyber Resilience Simulation: Commvault introduces 'Commvault Minutes to Recovery', allowing participants to simulate AI cyberattacks and test their recovery capabilities, thereby enhancing organizational readiness against rapid cyber threats.
- Accelerated Attack Speed: In 2025, the time from vulnerability discovery to active exploitation has narrowed to 29 minutes, 65% faster than the previous year, necessitating organizations to have not just recovery plans but proven recovery readiness.
- Multi-Role Experience: Participants assume the roles of attacker, defender, and recovery expert during the simulation, gaining insights into the demands of each phase and identifying critical technical and operational weaknesses in their recovery plans.
- Global Availability: The simulation is accessible through Commvault's global partner network, delivered in six languages, aimed at helping organizations validate their recovery capabilities in real-world scenarios and enhance strategic resilience discussions with customers.
See More
