Snapshot from Jun 09, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Regulatory / Commvault faces securities fraud lawsuit
Regulatory securities lawsuit

Commvault faces securities fraud lawsuit

Analysis based on 7 articles · First reported May 20, 2026 · Last updated May 27, 2026

Sentiment
-50
Attention
4
Articles
7
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The market is negatively impacted by the news of a securities fraud class action lawsuit against Commvault, as its stock price fell significantly. This event creates uncertainty for investors in Commvault and highlights potential risks in the software industry regarding revenue reporting.

Software Legal Services
Event Summary

A securities fraud class action lawsuit has been filed against Commvault by Glancy Prongay & Murray on behalf of investors who purchased Commvault securities between April 29, 2025, and January 26, 2026. The lawsuit alleges that Commvault made materially false and misleading statements regarding its annualized recurring revenue (ARR) growth, failing to properly factor in different types of sales. This came after Commvault published its third-quarter 2026 fiscal results, reporting a net new ARR of $39 million, which fell short of its $45 million guidance. Following this announcement, Commvault's stock price dropped by $40.23, or 31.1%, to $89.13 per share on January 27, 2026, causing injury to investors. Glancy Prongay & Murray is urging affected investors to contact them to potentially pursue claims and move for lead plaintiff appointment by July 17, 2026.

Key Actions
100 Glancy Prongay & Murray commenced investigation Commvault
90 Commvault made misleading statements
Entities Involved
stock
Commvault
Commvault is the defendant in a class action lawsuit alleging securities fraud due to misleading statements about its ARR growth, which led to a significant stock price drop. This event negatively impacts its reputation and financial standing.
Importance 100 Sentiment -70
priv
Glancy Prongay & Murray
Glancy Prongay & Murray is the law firm that initiated and is prosecuting the class action lawsuit against Commvault, representing investors who suffered losses. This event enhances the firm's reputation and business.
Importance 90 Sentiment 60
per
Charles Linehan
Charles Linehan, an attorney at Glancy Prongay & Murray, is the primary contact for investors interested in joining the class action lawsuit against Commvault.
Importance 40 Sentiment 50
NEWSDESK
Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard

About Ergen

Ergen is a news intelligence platform that converts raw news articles into structured data. It tracks events, entities, and the relationships between them, with sentiment and attention metrics derived from thousands of articles. Pages on this site are daily static snapshots from the platform's live database. For real-time tracking, search, and alerts, the full dashboard is at app.ergen.ai.