The Law Offices of Frank R. Cruz announces an investigation of Commvault Systems Inc. (“Commvault” or the “Company”) (NASDAQ: CVLT) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
On January 27, 2026, Commvault published third quarter 2026 fiscal results, including that annualized recurring revenue (“ARR”) of 22% and a total net new ARR was $39 million, falling short of the prior quarter’s guidance for $45 million of net new ARR for the quarter. Management revealed in the accompanying earnings call that the variation was due to product mix, including increased SaaS deals in the quarter.

On this news, Commvault’s stock price fell $40.23, or 31.1%, to close at $89.13 per share on January 27, 2026, thereby injuring investors.