Commvault Reports Strong Q3 Earnings and Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 13 2023
0mins
Should l Buy CVLT?
Commvault Systems Inc's stock fell 30.23% and hit a 52-week low amid broader market gains, with the Nasdaq-100 up 0.59% and the S&P 500 up 0.30%.
The company reported a 19% year-over-year revenue growth to $314 million for Q3, alongside a significant increase in annual recurring revenue (ARR) which reached $1.085 billion, up 22% year-over-year. This strong performance reflects the company's robust customer engagement and adoption of its AI-enabled platform, solidifying its market position. Additionally, Commvault's optimistic outlook for Q4 and the full fiscal year 2026 indicates confidence in continued growth driven by improved macroeconomic conditions.
Despite the stock's decline, the strong earnings performance and revenue growth suggest that Commvault is well-positioned for future success, particularly as demand for data protection solutions continues to rise in the market.
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 rise
13 Analyst Rating
11 Buy
2 Hold
0 Sell
Strong Buy
Current: 92.340
Low
100.00
Averages
140.33
High
185.00
Current: 92.340
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’s cyber resilience platform combines data security and rapid recovery at enterprise scale across any workload. The Company provides these products and services for their data across many types of environments, including on-premises, hybrid and multi-cloud. Its offerings are delivered via self-managed software, software-as-a-service (SaaS), integrated appliances, or managed by partners. Its Commvault Cloud offerings are organized into three packages, such as Operational Recovery, Autonomous Recovery and Cyber Recovery. Its Operational Recovery provides backup, verifiable recovery, and cost-optimized cloud workload mobility, helping to ensure data availability and granular recovery, even across multiple clouds. In addition, it also provides customers with a range of offerings, including Cleanroom Recovery, HyperScale X, Air Gap Protect, Cloud Rewind, Clumio Backtrack and Compliance.
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 Systems Under Investigation for Securities Fraud
- Financial Performance Decline: Commvault reported a 40% growth in SaaS Annual Recurring Revenue (ARR) to $364 million for Q3 FY2026, but this represents a significant slowdown from the 56% growth reported in Q2 FY2026, indicating mounting pressure in the competitive landscape.
- Stock Price Plunge: Following the disappointing earnings report, Commvault's stock price plummeted by 31.1% on January 27, 2026, falling $40.23 to close at $89.13 per share, reflecting investor concerns about the company's future growth prospects.
- Legal Investigation Initiated: Pomerantz LLP is investigating potential securities fraud or other unlawful business practices on behalf of Commvault investors, encouraging them to contact the firm for information on joining the class action, highlighting the increasing legal risks facing the company.
- Market Reaction Intensifies: Bloomberg Intelligence noted that the deceleration in SaaS ARR growth could undermine market confidence in Commvault, leading to diminished trust in the management team and potentially resulting in further stock volatility and investor attrition.
See More
Commvault Q3 Earnings Report Triggers Investigation
- Earnings Growth Slowdown: Commvault reported a 40% growth in SaaS ARR to $364 million for Q3 FY2026, but this marks a significant deceleration from the 56% growth reported in Q2 FY2026, potentially undermining investor confidence.
- Severe Market Reaction: Following the earnings report, Commvault's stock plummeted by $40.23, or approximately 31.1%, from a closing price of $129.36 on January 26, 2026, to $89.13 on January 27, indicating a negative market response to the results.
- Investigation Initiated: Kessler Topaz Meltzer & Check, LLP is investigating potential violations of federal securities laws by Commvault, aiming to protect investor rights and assess possible legal liabilities.
- Investor Attention: The investigation has garnered significant attention from Commvault investors, particularly as the company's performance fell short of expectations, which may lead more investors to seek legal support to safeguard their interests.
See More
Commvault Systems Under Securities Investigation
- Investigation Launched: The Schall Law Firm is investigating Commvault Systems for potential violations of securities laws, focusing on whether the company made false or misleading statements that could affect investor rights.
- Financial Performance Decline: In its Q3 2026 report, Commvault announced a 40% growth in SaaS ARR to $364 million; however, the market perceived this as a significant slowdown, resulting in a 31.1% drop in share price on the same day.
- Investor Losses: Many shareholders may have incurred losses due to Commvault's underperformance against market expectations, prompting the Schall Law Firm to encourage affected investors to participate in litigation to protect their rights.
- Legal Consultation Services: The Schall Law Firm offers free consultations to assist global investors in understanding their rights in securities class action lawsuits, further promoting legal action against Commvault.
See More
Commvault Shareholder Rights Investigation
- Financial Performance Decline: Commvault reported a 40% growth in SaaS ARR to $364 million for Q3 FY2026, but this represents a significant slowdown from the 56% growth in Q2, indicating increased competitive pressure on the company.
- Stock Price Plunge: Following the disappointing earnings report, Commvault's stock price plummeted by 31.1% on January 27, 2026, from $129.36 to $89.13, undermining investor confidence and potentially triggering further legal actions.
- Legal Investigation Initiated: Bragar Eagel & Squire, P.C. is investigating whether Commvault has violated federal securities laws, assessing potential claims on behalf of shareholders, highlighting concerns over corporate governance and compliance.
- Investor Contact Information: Affected investors are encouraged to reach out via phone or email to the law firm to understand their legal rights and possible claims, indicating that the company's legal risks may impact its future market performance.
See More
Quantum Secure Encryption Corp Announces Webinar on Post-Quantum Security
- Cybersecurity Trends: Gartner's 2026 cybersecurity trends report indicates that 75% of enterprise intrusions now involve compromised identity credentials, highlighting a critical shift towards identity-first attack methods that legacy defenses cannot adequately address, necessitating a strategic overhaul in security approaches.
- Market Growth Forecast: Gartner forecasts that sovereign cloud IaaS spending will reach $80 billion in 2026, with Europe, the Middle East, and Asia-Pacific experiencing the highest growth, underscoring the urgency for enterprises to adapt to accelerating data residency mandates to maintain competitiveness.
- Educational Webinar: QSE Corp is set to host a webinar titled “The Post-Quantum Shift: What Changes? What Fails? What to Do Now?” on February 17, 2026, aimed at helping organizations understand the implications of quantum computing on traditional encryption, expected to attract significant participation from IT leaders and security professionals.
- International Expansion: QSE has renewed its enterprise agreement with The Muthoot Group in India for approximately 14,000 user licenses and entered South America with a three-year security agreement supporting three Brazilian government clients, marking its initial commercial presence in the region.
See More
Quantum Secure Encryption Corp Announces Webinar on Post-Quantum Security
- Shift in Security Focus: Gartner's report indicates that 75% of enterprise intrusions now involve compromised identity credentials, highlighting the need for companies to transition from traditional perimeter defenses to identity-first security measures to combat emerging cyber threats.
- Webinar Announcement: QSE is set to host a webinar titled “The Post-Quantum Shift: What Changes? What Fails? What to Do Now?” on February 17, 2026, aimed at helping organizations understand the impact of quantum computing on traditional encryption methods, expected to attract a wide audience of IT leaders and security professionals.
- Global Expansion Strategy: QSE has recently renewed its enterprise agreement with The Muthoot Group in India, covering approximately 14,000 user licenses, and has entered South America with a three-year security agreement supporting three Brazilian government clients, marking its initial commercial presence in the region.
- Market Outlook: With the global post-quantum cryptography market projected to reach $17.69 billion by 2034, QSE is building both the technology platform and market education infrastructure to capture enterprise adoption opportunities as quantum threats escalate.
See More
Commvault Systems Under Investigation for Securities Fraud
- Financial Performance Decline: Commvault reported a 40% growth in SaaS Annual Recurring Revenue (ARR) to $364 million for Q3 FY2026, but this represents a significant slowdown from the 56% growth reported in Q2 FY2026, indicating mounting pressure in the competitive landscape.
- Stock Price Plunge: Following the disappointing earnings report, Commvault's stock price plummeted by 31.1% on January 27, 2026, falling $40.23 to close at $89.13 per share, reflecting investor concerns about the company's future growth prospects.
- Legal Investigation Initiated: Pomerantz LLP is investigating potential securities fraud or other unlawful business practices on behalf of Commvault investors, encouraging them to contact the firm for information on joining the class action, highlighting the increasing legal risks facing the company.
- Market Reaction Intensifies: Bloomberg Intelligence noted that the deceleration in SaaS ARR growth could undermine market confidence in Commvault, leading to diminished trust in the management team and potentially resulting in further stock volatility and investor attrition.
See More
Commvault Q3 Earnings Report Triggers Investigation
- Earnings Growth Slowdown: Commvault reported a 40% growth in SaaS ARR to $364 million for Q3 FY2026, but this marks a significant deceleration from the 56% growth reported in Q2 FY2026, potentially undermining investor confidence.
- Severe Market Reaction: Following the earnings report, Commvault's stock plummeted by $40.23, or approximately 31.1%, from a closing price of $129.36 on January 26, 2026, to $89.13 on January 27, indicating a negative market response to the results.
- Investigation Initiated: Kessler Topaz Meltzer & Check, LLP is investigating potential violations of federal securities laws by Commvault, aiming to protect investor rights and assess possible legal liabilities.
- Investor Attention: The investigation has garnered significant attention from Commvault investors, particularly as the company's performance fell short of expectations, which may lead more investors to seek legal support to safeguard their interests.
See More
Commvault Systems Under Securities Investigation
- Investigation Launched: The Schall Law Firm is investigating Commvault Systems for potential violations of securities laws, focusing on whether the company made false or misleading statements that could affect investor rights.
- Financial Performance Decline: In its Q3 2026 report, Commvault announced a 40% growth in SaaS ARR to $364 million; however, the market perceived this as a significant slowdown, resulting in a 31.1% drop in share price on the same day.
- Investor Losses: Many shareholders may have incurred losses due to Commvault's underperformance against market expectations, prompting the Schall Law Firm to encourage affected investors to participate in litigation to protect their rights.
- Legal Consultation Services: The Schall Law Firm offers free consultations to assist global investors in understanding their rights in securities class action lawsuits, further promoting legal action against Commvault.
See More
Commvault Shareholder Rights Investigation
- Financial Performance Decline: Commvault reported a 40% growth in SaaS ARR to $364 million for Q3 FY2026, but this represents a significant slowdown from the 56% growth in Q2, indicating increased competitive pressure on the company.
- Stock Price Plunge: Following the disappointing earnings report, Commvault's stock price plummeted by 31.1% on January 27, 2026, from $129.36 to $89.13, undermining investor confidence and potentially triggering further legal actions.
- Legal Investigation Initiated: Bragar Eagel & Squire, P.C. is investigating whether Commvault has violated federal securities laws, assessing potential claims on behalf of shareholders, highlighting concerns over corporate governance and compliance.
- Investor Contact Information: Affected investors are encouraged to reach out via phone or email to the law firm to understand their legal rights and possible claims, indicating that the company's legal risks may impact its future market performance.
See More
Quantum Secure Encryption Corp Announces Webinar on Post-Quantum Security
- Cybersecurity Trends: Gartner's 2026 cybersecurity trends report indicates that 75% of enterprise intrusions now involve compromised identity credentials, highlighting a critical shift towards identity-first attack methods that legacy defenses cannot adequately address, necessitating a strategic overhaul in security approaches.
- Market Growth Forecast: Gartner forecasts that sovereign cloud IaaS spending will reach $80 billion in 2026, with Europe, the Middle East, and Asia-Pacific experiencing the highest growth, underscoring the urgency for enterprises to adapt to accelerating data residency mandates to maintain competitiveness.
- Educational Webinar: QSE Corp is set to host a webinar titled “The Post-Quantum Shift: What Changes? What Fails? What to Do Now?” on February 17, 2026, aimed at helping organizations understand the implications of quantum computing on traditional encryption, expected to attract significant participation from IT leaders and security professionals.
- International Expansion: QSE has renewed its enterprise agreement with The Muthoot Group in India for approximately 14,000 user licenses and entered South America with a three-year security agreement supporting three Brazilian government clients, marking its initial commercial presence in the region.
See More
Quantum Secure Encryption Corp Announces Webinar on Post-Quantum Security
- Shift in Security Focus: Gartner's report indicates that 75% of enterprise intrusions now involve compromised identity credentials, highlighting the need for companies to transition from traditional perimeter defenses to identity-first security measures to combat emerging cyber threats.
- Webinar Announcement: QSE is set to host a webinar titled “The Post-Quantum Shift: What Changes? What Fails? What to Do Now?” on February 17, 2026, aimed at helping organizations understand the impact of quantum computing on traditional encryption methods, expected to attract a wide audience of IT leaders and security professionals.
- Global Expansion Strategy: QSE has recently renewed its enterprise agreement with The Muthoot Group in India, covering approximately 14,000 user licenses, and has entered South America with a three-year security agreement supporting three Brazilian government clients, marking its initial commercial presence in the region.
- Market Outlook: With the global post-quantum cryptography market projected to reach $17.69 billion by 2034, QSE is building both the technology platform and market education infrastructure to capture enterprise adoption opportunities as quantum threats escalate.
See More
