{"success":true,"data":{"pressRelease":{"id":"47757","rtpr_id":"nACSYLYQKa","ticker":"CVLT","exchange":"NASDAQ","all_tickers":["CVLT"],"title":"CVLT Fraud Notice: Commvault Sued For Securities Fraud After ARR Growth Issues Spark 31% Stock Drop - Investors Alerted of The July 17 Class Action Deadline ","author":"ACCESSWIRE","published_at":"2026-05-28T11:36:00.930Z","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / May\n28, 2026 / Leading securities law firm Bleichmar Fonti & Auld LLP\n(https://pr.report/lzs4) announces that a class action lawsuit has been filed\nagainst Commvault Systems, Inc. (NASDAQ:CVLT) and certain of the company's\nsenior executives for securities fraud after its significant stock drop\nresulting from potential violations of the federal securities laws.\n\nIf you invested in Commvault, you are encouraged to obtain additional\ninformation by visiting:\nhttps://www.bfalaw.com/cases/commvault-systems-class-action-lawsuit.\n\nKey Details of the Commvault ($CVLT) Class Action:\n*\nLead Plaintiff Deadline: July 17, 2026\n*\nAlleged Misconduct: Securities fraud regarding Commvault's ability to achieve\nprojected net new ARR growth\n*\nStock Decline: January 27, 2026 - 31% Stock Drop\n*\nCourt: U.S. District Court for the District of New Jersey\n*\nAction: Contact BFA Law (https://pr.report/lzs6) to discuss your rights\n\nInvestors have until July 17, 2026, to ask the Court to be appointed to lead\nthe case. The complaint asserts securities fraud claims under Sections 10(b)\nand 20(a) of the Securities Exchange Act of 1934 on behalf of investors in\nCommvault securities. The case is pending in the U.S. District Court for the\nDistrict of New Jersey. It is captioned Imbert v. Commvault Systems, Inc., No.\n26-cv-5654.\n\nWhy is Commvault Being Sued for Securities Fraud?\n\nCommvault is a data protection company. The company provides data protection,\ncyber resilience solutions, and management software across on‑premise,\nhybrid, multi‑cloud, and software‑as‑a‑service (\"SaaS\") environments.\n\nDuring the relevant period, as alleged, Commvault stated it was \"firmly\npositioned as a growth company\" and that subscription ARR was \"the best\nindicator of the company's growth.\" Commvault told investors it would achieve\n\"$45 million of net new ARR\" in the back half of the year.\n\nAs alleged, in truth, Commvault was experiencing a net new ARR mix shift\ntoward SaaS, which contain lower average sales prices, leading to its\ninability to achieve previously stated ARR growth.\n\nWhy did Commvault's Stock Drop?\n\nOn January 27, 2026, Commvault released its fiscal Q3 2026 financial results.\nIn pertinent part, Commvault revealed total net new ARR of $39 million, below\nthe previously stated $45 million net new ARR growth. Commvault revealed that\nthe miss was driven by an increasing mix shift toward SaaS, which had \"a\nsignificant impact on ARR\" since SaaS deals contain \"lower ASPs . . .\ntypically 2 to 3x [smaller than] what we would land a software customer with.\"\n\nThis news caused the price of Commvault stock to decline $40.23 per share, or\n31%, from a closing price of $129.36 per share on January 26, 2026, to $89.13\nper share on January 27, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/commvault-systems-class-action-lawsuit.\n\nWhat Can You Do?\n\nIf you invested in Commvault, you may have legal options and are encouraged to\nsubmit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/commvault-systems-class-action-lawsuit\n\nOr contact:\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named \"Elite Trial Lawyers\" by the National Law Journal, \"Litigation\nStars\" by Benchmark Litigation, among the top \"500 Leading Plaintiff Financial\nLawyers\" by Lawdragon, \"Titans of the Plaintiffs' Bar\" by Law360 and\n\"SuperLawyers\" by Thomson Reuters. Among its recent notable successes, BFA\nrecovered over $900 million in value from Tesla, Inc.'s Board of Directors, as\nwell as $420 million from Teva Pharmaceutical Ind. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/commvault-systems-class-action-lawsuit\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\nSOURCE: Bleichmar Fonti & Auld LLP\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/business-and-professional-services/cvlt-fraud-notice-commvault-sued-for-securities-fraud-after-arr-1171144)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSYLYQKa","title":"CVLT Fraud Notice: Commvault Sued For Securities Fraud After ARR Growth Issues Spark 31% Stock Drop - Investors Alerted of The July 17 Class Action Deadline ","author":"ACCESSWIRE","ticker":"CVLT","created":"2026-05-28T11:36:00.930Z","tickers":["CVLT"],"exchange":"NASDAQ","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / May\n28, 2026 / Leading securities law firm Bleichmar Fonti & Auld LLP\n(https://pr.report/lzs4) announces that a class action lawsuit has been filed\nagainst Commvault Systems, Inc. (NASDAQ:CVLT) and certain of the company's\nsenior executives for securities fraud after its significant stock drop\nresulting from potential violations of the federal securities laws.\n\nIf you invested in Commvault, you are encouraged to obtain additional\ninformation by visiting:\nhttps://www.bfalaw.com/cases/commvault-systems-class-action-lawsuit.\n\nKey Details of the Commvault ($CVLT) Class Action:\n*\nLead Plaintiff Deadline: July 17, 2026\n*\nAlleged Misconduct: Securities fraud regarding Commvault's ability to achieve\nprojected net new ARR growth\n*\nStock Decline: January 27, 2026 - 31% Stock Drop\n*\nCourt: U.S. District Court for the District of New Jersey\n*\nAction: Contact BFA Law (https://pr.report/lzs6) to discuss your rights\n\nInvestors have until July 17, 2026, to ask the Court to be appointed to lead\nthe case. The complaint asserts securities fraud claims under Sections 10(b)\nand 20(a) of the Securities Exchange Act of 1934 on behalf of investors in\nCommvault securities. The case is pending in the U.S. District Court for the\nDistrict of New Jersey. It is captioned Imbert v. Commvault Systems, Inc., No.\n26-cv-5654.\n\nWhy is Commvault Being Sued for Securities Fraud?\n\nCommvault is a data protection company. The company provides data protection,\ncyber resilience solutions, and management software across on‑premise,\nhybrid, multi‑cloud, and software‑as‑a‑service (\"SaaS\") environments.\n\nDuring the relevant period, as alleged, Commvault stated it was \"firmly\npositioned as a growth company\" and that subscription ARR was \"the best\nindicator of the company's growth.\" Commvault told investors it would achieve\n\"$45 million of net new ARR\" in the back half of the year.\n\nAs alleged, in truth, Commvault was experiencing a net new ARR mix shift\ntoward SaaS, which contain lower average sales prices, leading to its\ninability to achieve previously stated ARR growth.\n\nWhy did Commvault's Stock Drop?\n\nOn January 27, 2026, Commvault released its fiscal Q3 2026 financial results.\nIn pertinent part, Commvault revealed total net new ARR of $39 million, below\nthe previously stated $45 million net new ARR growth. Commvault revealed that\nthe miss was driven by an increasing mix shift toward SaaS, which had \"a\nsignificant impact on ARR\" since SaaS deals contain \"lower ASPs . . .\ntypically 2 to 3x [smaller than] what we would land a software customer with.\"\n\nThis news caused the price of Commvault stock to decline $40.23 per share, or\n31%, from a closing price of $129.36 per share on January 26, 2026, to $89.13\nper share on January 27, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/commvault-systems-class-action-lawsuit.\n\nWhat Can You Do?\n\nIf you invested in Commvault, you may have legal options and are encouraged to\nsubmit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/commvault-systems-class-action-lawsuit\n\nOr contact:\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named \"Elite Trial Lawyers\" by the National Law Journal, \"Litigation\nStars\" by Benchmark Litigation, among the top \"500 Leading Plaintiff Financial\nLawyers\" by Lawdragon, \"Titans of the Plaintiffs' Bar\" by Law360 and\n\"SuperLawyers\" by Thomson Reuters. Among its recent notable successes, BFA\nrecovered over $900 million in value from Tesla, Inc.'s Board of Directors, as\nwell as $420 million from Teva Pharmaceutical Ind. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/commvault-systems-class-action-lawsuit\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\nSOURCE: Bleichmar Fonti & Auld LLP\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/business-and-professional-services/cvlt-fraud-notice-commvault-sued-for-securities-fraud-after-arr-1171144)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-05-28T11:36:01.010621698Z","server_sent_at_ms":1779968161010},"received_at":"2026-05-28T11:36:01.063Z","source_url":"https://www.accessnewswire.com/newsroom/en/business-and-professional-services/cvlt-fraud-notice-commvault-sued-for-securities-fraud-after-arr-1171144"},"analysis":{"id":"37190","press_release_id":"47757","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"legal_litigation","narrative":"Bleichmar Fonti & Auld LLP issued a press release soliciting investors in Commvault Systems (CVLT) to join a securities fraud class action lawsuit.\n\nThe firm cites a 31% stock drop following Q3 earnings, where Commvault reported $39 million in net new ARR against a $45 million projection, attributing the miss to a mix shift toward lower-ASP SaaS deals.\n\nInvestors are encouraged to contact the firm by the July 17, 2026 lead plaintiff deadline; this is a routine law-firm marketing notice, not an issuer disclosure.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{"customDimensions":{"stock_drop_pct":"31%","stock_drop_usd":"$40.23","prior_close_price":"$129.36","post_earnings_price":"$89.13","net_new_arr_guidance":"$45 million","net_new_arr_reported":"$39 million"}},"quotedText":"If you invested in Commvault, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/commvault-systems-class-action-lawsuit.","namedEntities":{"people":[{"name":"Adam McCall","role":"Attorney at Bleichmar Fonti & Auld LLP"}],"products":[],"companies":[{"name":"Commvault Systems, Inc.","ticker":"CVLT","relationship":"defendant"},{"name":"Bleichmar Fonti & Auld LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$45 million","context":"projected net new ARR guidance"},{"amount":"$39 million","context":"reported net new ARR"},{"amount":"$40.23","context":"stock price decline per share"},{"amount":"$129.36","context":"closing price Jan 26, 2026"},{"amount":"$89.13","context":"closing price Jan 27, 2026"},{"amount":"$900 million","context":"value recovered from Tesla by BFA"},{"amount":"$420 million","context":"value recovered from Teva by BFA"}]},"materialImpact":{"score":1,"reasoning":"This is a plaintiff law-firm solicitation issued by Bleichmar Fonti & Auld LLP. It contains standard solicitation language ('encouraged to obtain additional information', 'no cost to you') and announces a lead plaintiff deadline. Per guardrails, this is low-impact noise unless a class is certified or a major settlement is announced."},"tickerRelevance":{"others":[],"primary":"CVLT"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","classCertified":false,"issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Bleichmar Fonti & Auld LLP issued a press release soliciting investors in Commvault Systems (CVLT) to join a securities fraud class action lawsuit.\n\nThe firm cites a 31% stock drop following Q3 earnings, where Commvault reported $39 million in net new ARR against a $45 million projection, attributing the miss to a mix shift toward lower-ASP SaaS deals.\n\nInvestors are encouraged to contact the firm by the July 17, 2026 lead plaintiff deadline; this is a routine law-firm marketing notice, not an issuer disclosure.","key_figures":{"customDimensions":{"stock_drop_pct":"31%","stock_drop_usd":"$40.23","prior_close_price":"$129.36","post_earnings_price":"$89.13","net_new_arr_guidance":"$45 million","net_new_arr_reported":"$39 million"}},"named_entities":{"people":[{"name":"Adam McCall","role":"Attorney at Bleichmar Fonti & Auld LLP"}],"products":[],"companies":[{"name":"Commvault Systems, Inc.","ticker":"CVLT","relationship":"defendant"},{"name":"Bleichmar Fonti & Auld LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$45 million","context":"projected net new ARR guidance"},{"amount":"$39 million","context":"reported net new ARR"},{"amount":"$40.23","context":"stock price decline per share"},{"amount":"$129.36","context":"closing price Jan 26, 2026"},{"amount":"$89.13","context":"closing price Jan 27, 2026"},{"amount":"$900 million","context":"value recovered from Tesla by BFA"},{"amount":"$420 million","context":"value recovered from Teva by BFA"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-28T11:38:59.845Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","classCertified":false,"issuerAuthored":false}},"durationMs":69681,"modelName":"george-droid-qwen-72b"}}