Commvault Systems (CVLT) Facing Securities Class Action Amid Q3 2026’s Apparent Inconsistencies With Prior Growth Narrative and $1.7B Market Cap Wipeout – HBSS

SAN FRANCISCO, June 02, 2026 (GLOBE NEWSWIRE) -- Commvault Systems, Inc. (NASDAQ: CVLT) faces a securities class action lawsuit, which seeks to represent investors who purchased or otherwise acquired Commvault securities between April 29, 2025 and January 26, 2026. The lawsuit follows the massive 31% collapse in the company shares on January 27, 2026, triggered by the company's Q3 2026 financial results that included a significant shortfall in certain critical financial metrics.