Commvault Shareholder Lawsuit Deadline Approaches
Law firm Faruqi & Faruqi, LLP reminds Commvault Systems, Inc. investors of the July 17, 2026 deadline to seek lead plaintiff status in a class action lawsuit.
New York, NY – July 11, 2026 – Law firm Faruqi & Faruqi, LLP has initiated an investigation into potential claims against Commvault Systems, Inc. The firm is reminding investors of the July 17, 2026 deadline to seek the role of lead plaintiff in a federal securities class action filed against the company.
The lawsuit alleges that Commvault provided investors with misleading information regarding the company's projected annual recurring revenue (ARR) growth for fiscal year 2026. Accusations suggest the company failed to adequately factor in critical variables, such as the type of sale, leading to artificially inflated stock prices.
Commvault's stock saw a decline of over 31% on January 27, 2026, following the company's third-quarter financial results. While Commvault reported a 40% growth in SaaS ARR, Bloomberg Intelligence noted this represented a significant deceleration from the 56% growth reported in the second quarter of fiscal 2026.
Faruqi & Faruqi urges any investors who incurred losses in Commvault securities between January 28, 2025, and January 26, 2026, to contact law partner Josh Wilson to discuss their legal rights. The deadline to serve as lead plaintiff is July 17, 2026.