Commvault Extends Clumio Cloud Resilience to Google Cloud Storage
Commvault (CVLT) announced that, based on strong customer demand, Clumio, a Commvault company, is extending its cloud-native cyber resilience capabilities to Google Cloud Storage, while expanding support for the leading hyperscaler environments. Customers using Google Cloud Storage can leverage Clumio to protect and recover large-scale datasets powering AI and analytics workloads. With this announcement, Clumio is bringing proven resilience capabilities to multi-cloud environments. Multi-cloud adoption is becoming an industry standard, with 84% of cloud leaders indicating they intentionally use multiple cloud environments to enable AI, balance risks, and manage mass datasets. However, across clouds, many organizations still rely on manual, time-consuming processes to protect and recover their critical data and cloud-based workloads. These legacy solutions can leave data vulnerable to ransomware and accidental deletion - and allow errors from bad code or human mistakes to flow downstream, eroding trust in AI and analytics. Clumio for Google Cloud Storage is engineered to help close these resilience gaps. Google is a subsidiary of Alphabet (GOOG)
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- Lawsuit Background: Commvault Systems, Inc. is facing a securities class action lawsuit representing investors who purchased its securities between April 29, 2025, and January 26, 2026, triggered by a 31% share price collapse following disappointing Q3 2026 financial results released on January 27, 2026, which revealed significant shortfalls in critical financial metrics.
- Financial Missteps: During the class period, Commvault's annual recurring revenue (ARR) growth rate plummeted from 71% to just 40%, indicating severe performance pressure due to changes in sales types, which undermined investor confidence in the company's growth narrative, prompting analysts to swiftly downgrade their investment ratings and price targets.
- Investor Losses: Hagens Berman is investigating whether Commvault intentionally misled investors by failing to disclose the adverse impact of sales type changes on ARR growth, encouraging investors who suffered substantial losses to submit their information to support the lawsuit.
- Whistleblower Program: The firm is also calling on whistleblowers with non-public information to assist in the investigation, as under the new whistleblower program, those providing original information may receive rewards of up to 30% of any successful recovery made by the SEC, offering an additional incentive for investors to aid the inquiry.
- Class Action Reminder: The Schall Law Firm has reminded investors of a class action lawsuit against Commvault Systems, Inc. for violations of securities laws, concerning securities transactions from April 29, 2025, to January 26, 2026, with a deadline for participation set for July 17, 2026.
- False Statement Allegations: The complaint alleges that Commvault made overwhelmingly positive statements regarding its annual recurring revenue (ARR) growth while knowingly or recklessly disregarding critical variables such as sales type, rendering its public statements false and materially misleading throughout the class period.
- Investor Losses: Following the revelation of the truth about Commvault, investors suffered damages, indicating significant deficiencies in the company's disclosure practices that could adversely affect its future stock performance and investor confidence.
- Legal Consultation Opportunity: The Schall Law Firm offers free legal consultations and encourages affected shareholders to reach out to discuss their rights, demonstrating the firm's commitment to protecting investor interests.
- Stock Price Plunge: Commvault's shares plummeted over 31% in a single day, dropping from $129.36 to $89.13, resulting in shareholder losses exceeding $40.23 per share, highlighting severe market concerns regarding the company's financial transparency.
- Misleading ARR Growth: The lawsuit alleges that management raised quarterly ARR growth projections from $40 million to $45 million without disclosing the rapid increase in SaaS sales, which undermined investor confidence in the company's future performance.
- Contract Duration Impact: New term software license contracts reportedly extended to three to four years, spreading revenue over a longer period and further compressing quarterly ARR figures, indicating management's awareness of this shift yet failing to inform investors.
- Investor Rights Protection: The lawsuit underscores that investors deserve transparency about material risks affecting their investments, especially when a company's growth metric is fundamentally tied to product mix, which, if shifting unfavorably, could lead to legal repercussions.
- Lawsuit Background: Commvault Systems, Inc. is facing a securities class action lawsuit aimed at representing investors who purchased its securities between April 29, 2025, and January 26, 2026, following a 31% stock price collapse on January 27, 2026, due to significant shortfalls in key financial metrics in its Q3 report.
- Financial Missteps: During the class period, Commvault repeatedly claimed its execution was at an all-time high, yet the January 27 report revealed a substantial miss in net new annual recurring revenue (ARR), with SaaS ARR growth plummeting from 71% to just 40%, severely undermining investor confidence.
- Sales Strategy Impact: The lawsuit centers on allegations that Commvault failed to disclose how different types of sales would affect ARR growth, particularly as the company increasingly relied on lower-priced SaaS deals and heavily discounted long-term contracts, which significantly pressured both ARR and SaaS ARR.
- Market Reaction and Analyst Ratings: Following the earnings report, the market reacted swiftly, with several analysts downgrading their investment ratings and price targets for Commvault, with some characterizing the results as a
- Lawsuit Deadline: Investors must file a lead plaintiff motion by July 17, 2026, to participate in the class action lawsuit against Commvault Systems, concerning securities purchased between April 29, 2025, and January 26, 2026.
- Earnings Miss: Commvault's fiscal report on January 27, 2026, revealed a 22% annual recurring revenue (ARR) growth, with new ARR at $39 million, falling short of the $45 million guidance, resulting in a 31.1% stock price drop to $89.13.
- False Statements Allegation: The lawsuit alleges that throughout the class period, Commvault failed to disclose the impact of different sales types on ARR growth, misleading investors about the company's prospects.
- Investor Losses: Due to Commvault's failure to accurately reflect its business operations, investors face significant losses following the stock price decline, prompting potential claims for recovery through the class action lawsuit.
- Class Action Filed: Pomerantz LLP has announced a class action lawsuit against Commvault Systems, alleging securities fraud and other unlawful business practices, with investors needing to apply as Lead Plaintiff by July 17, 2026, indicating potential legal risks that could impact the company's reputation and shareholder confidence.
- Disappointing Earnings: On January 27, 2026, Commvault reported third-quarter results showing annual recurring revenue (ARR) growth of only $39 million, significantly below the company's guidance of $45 million, highlighting competitive pressures and performance challenges faced by the company.
- Stock Price Plunge: Following the disappointing earnings report, Commvault's stock price fell by $40.23, or 31.1%, closing at $89.13 on January 27, 2026, severely undermining investor confidence and potentially leading to further market volatility.
- Legal Firm Background: Pomerantz LLP, a leading firm in securities class action litigation with over 85 years of experience, focuses on advocating for victims of securities fraud, and this lawsuit may prompt increased scrutiny on Commvault's governance and compliance practices.









