{"id":979503,"date":"2026-07-07T20:56:48","date_gmt":"2026-07-08T00:56:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/"},"modified":"2026-07-07T20:56:48","modified_gmt":"2026-07-08T00:56:48","slug":"cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/","title":{"rendered":"CVLT 10-DAY DEADLINE ALERT: HBSS Alerts Commvault (CVLT) Investors to Expanded Class Period in Securities Class Action"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <b><br \/>\n          <i>Lead Plaintiff Deadline Remains July 17, 2026<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\">SAN FRANCISCO<\/span>, <span class=\"legendSpanClass\">July 7, 2026<\/span> \/PRNewswire\/ &#8212;\u00a0Hagens Berman, a national shareholder rights firm, alerts investors in Commvault Systems, Inc. <b>(NASDAQ: CVLT)<\/b> that a newly filed securities class action lawsuit has expanded the <span>alleged<\/span> class period. The lawsuit now covers investors who purchased or otherwise acquired Commvault securities between <b>January 28, 2025, and January 26, 2026, inclusive<\/b>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <img decoding=\"async\" src=\"https:\/\/mmx.prnewswire.com\/media\/MS1117217\/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA2754423\" title=\"Class Action\" alt=\"Class Action\" \/>\n        <\/p>\n<\/p><\/div>\n<p>Hagens Berman is investigating the claims pled in the pending litigation and encourages Commvault investors who suffered substantial losses to <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4727300-1&amp;h=3850862507&amp;u=https%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2Fcvlt&amp;a=submit+your+losses+now\" target=\"_blank\" rel=\"nofollow\"><b>submit your losses now<\/b><\/a>.<\/p>\n<p>\n        <b>Expanded <span>Alleged<\/span> Class Period: <\/b>Jan. 28, 2025 \u2013 Jan. 26, 2026<br \/><b>Lead Plaintiff Deadline: <\/b>July 17, 2026<br \/><b>Visit:<\/b><a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4727300-1&amp;h=2922688907&amp;u=http%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2Fcvlt&amp;a=www.hbsslaw.com%2Finvestor-fraud%2Fcvlt\" target=\"_blank\" rel=\"nofollow\">www.hbsslaw.com\/investor-<span>fraud<\/span>\/cvlt<\/a><br \/><b>Contact the Firm Now: <\/b><a href=\"mailto:CVLT@hbsslaw.com\" target=\"_blank\" rel=\"nofollow\">CVLT@hbsslaw.com<\/a><br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0844-916-0895<\/p>\n<p>\n        <b>Expanded Scope of Allegations<\/b>\n      <\/p>\n<p>The new suit, <i>City of Fort Lauderdale Police and Firefighters&#8217; Retirement System v. Commvault Systems, Inc., et al.<\/i>, extends the start of the <span>alleged<\/span><span>fraud<\/span> period from April 29, 2025, back to <b>January 28, 2025<\/b>. This expansion captures a broader range of investor activity and expands the claims brought against the company and its senior executives regarding their business disclosures.<\/p>\n<p>\n        <b>Focus of CVLT Securities Class Action Litigation:<\/b>\n      <\/p>\n<p>The litigation <span>alleges<\/span> that Defendants misrepresented and failed to disclose that:<\/p>\n<ul type=\"disc\">\n<li>Commvault&#8217;s competitive positioning was materially weaker than Defendants had represented to investors;<\/li>\n<li>Due to the undisclosed increase in competition, Commvault was forced to make significant concessions on price and contract duration for its software licenses;<\/li>\n<li>As these concessions became unsustainable, SaaS became a larger portion of the Company&#8217;s sales mix;<\/li>\n<li>The increasing mix of SaaS sales, which carry shorter term durations and lower ASPs, negatively impacted the Company&#8217;s margin and NNARR; and<\/li>\n<li>As a result, Defendants&#8217; positive statements about the Company&#8217;s business, operations, and prospects were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/li>\n<\/ul>\n<p>The truth <span>allegedly<\/span> emerged before markets opened on January 27, 2026, when Commvault announced its third-quarter fiscal year 20261 financial results. Commvault disclosed NNARR in constant currency of $39 million, missing analysts&#8217; expectations of approximately $45 million. Chief Accounting Officer Danielle Abrahamsen (&#8220;CAO Abrahamsen&#8221;) revealed that the mix of SaaS deals increased to &#8220;70%&#8221; during the quarter and highlighted that &#8220;landing these customers at a 2 to 3x smaller ASP than software . . . does have a significant impact on ARR.&#8221;<\/p>\n<p>On this news, the price of Commvault common stock fell $40.23 per share, or about 31%, to close at a price of $89.13 per share on January 27, 2026.<\/p>\n<p>\n        <b>HBSS Investigation<\/b>\n      <\/p>\n<p>&#8220;We continue to investigate whether Commvault misled investors about its operational performance and financial reporting during the <span>alleged<\/span> expanded class period, as the new complaint contends&#8221; said <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4727300-1&amp;h=607478591&amp;u=https%3A%2F%2Fwww.hbsslaw.com%2Fattorneys%2Freed-kathrein&amp;a=Reed+Kathrein\" target=\"_blank\" rel=\"nofollow\"><b>Reed Kathrein<\/b><\/a>, the Hagens Berman partner leading the firm&#8217;s investigation of the pending claims.<\/p>\n<p>If you invested in Commvault and have substantial losses, or have knowledge that will assist the firm&#8217;s investigation, <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4727300-1&amp;h=3850862507&amp;u=https%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2Fcvlt&amp;a=submit+your+losses+now\" target=\"_blank\" rel=\"nofollow\">submit your losses now<\/a>.<\/p>\n<p>If you&#8217;d like more information and answers to frequently asked questions about the Commvault case and the firm&#8217;s investigation, <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4727300-1&amp;h=779491433&amp;u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Fcommvault-systems-inc-cvlt-securities-class-action&amp;a=read+more+%C2%BB\" target=\"_blank\" rel=\"nofollow\">read more \u00bb<\/a><\/p>\n<p>\n        <b>Whistleblowers: <\/b>Persons with non-public information regarding Commvault should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at <b>844-916-0895<\/b> or email <a href=\"mailto:CVLT@hbsslaw.com\" target=\"_blank\" rel=\"nofollow\">CVLT@hbsslaw.com<\/a>.<\/p>\n<p>\n        <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4727300-1&amp;h=3219591515&amp;u=https%3A%2F%2Fwww.hbsslaw.com%2F&amp;a=About+Hagens+Berman\" target=\"_blank\" rel=\"nofollow\">About Hagens Berman<\/a><br \/>\n        <br \/>Hagens Berman is a global plaintiffs&#8217; rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman&#8217;s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at\u00a0<a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4727300-1&amp;h=1516239970&amp;u=https%3A%2F%2Fwww.hbsslaw.com%2F&amp;a=hbsslaw.com\" target=\"_blank\" rel=\"nofollow\">hbsslaw.com<\/a>. Follow the firm for updates and news at\u00a0<a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4727300-1&amp;h=1623339884&amp;u=https%3A%2F%2Fwww.twitter.com%2FClassActionLaw&amp;a=%40ClassActionLaw\" target=\"_blank\" rel=\"nofollow\">@ClassActionLaw<\/a>.\u00a0<\/p>\n<p>Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=SF00037&amp;sd=2026-07-07\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action-302820095.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action-302820095.html<\/a><\/p>\n<p>SOURCE Hagens Berman Sobol Shapiro LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF00037&amp;Transmission_Id=202607072053PR_NEWS_USPR_____SF00037&amp;DateId=20260707\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Lead Plaintiff Deadline Remains July 17, 2026 SAN FRANCISCO, July 7, 2026 \/PRNewswire\/ &#8212;\u00a0Hagens Berman, a national shareholder rights firm, alerts investors in Commvault Systems, Inc. (NASDAQ: CVLT) that a newly filed securities class action lawsuit has expanded the alleged class period. The lawsuit now covers investors who purchased or otherwise acquired Commvault securities between January 28, 2025, and January 26, 2026, inclusive. Hagens Berman is investigating the claims pled in the pending litigation and encourages Commvault investors who suffered substantial losses to submit your losses now. Expanded Alleged Class Period: Jan. 28, 2025 \u2013 Jan. 26, 2026Lead Plaintiff Deadline: July 17, 2026Visit:www.hbsslaw.com\/investor-fraud\/cvltContact the Firm Now: CVLT@hbsslaw.com\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CVLT 10-DAY DEADLINE ALERT: HBSS Alerts Commvault (CVLT) Investors to Expanded Class Period in Securities Class Action&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-979503","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CVLT 10-DAY DEADLINE ALERT: HBSS Alerts Commvault (CVLT) Investors to Expanded Class Period in Securities Class Action - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CVLT 10-DAY DEADLINE ALERT: HBSS Alerts Commvault (CVLT) Investors to Expanded Class Period in Securities Class Action - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Lead Plaintiff Deadline Remains July 17, 2026 SAN FRANCISCO, July 7, 2026 \/PRNewswire\/ &#8212;\u00a0Hagens Berman, a national shareholder rights firm, alerts investors in Commvault Systems, Inc. (NASDAQ: CVLT) that a newly filed securities class action lawsuit has expanded the alleged class period. The lawsuit now covers investors who purchased or otherwise acquired Commvault securities between January 28, 2025, and January 26, 2026, inclusive. Hagens Berman is investigating the claims pled in the pending litigation and encourages Commvault investors who suffered substantial losses to submit your losses now. Expanded Alleged Class Period: Jan. 28, 2025 \u2013 Jan. 26, 2026Lead Plaintiff Deadline: July 17, 2026Visit:www.hbsslaw.com\/investor-fraud\/cvltContact the Firm Now: CVLT@hbsslaw.com\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 &hellip; Continue reading &quot;CVLT 10-DAY DEADLINE ALERT: HBSS Alerts Commvault (CVLT) Investors to Expanded Class Period in Securities Class Action&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-08T00:56:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mmx.prnewswire.com\/media\/MS1117217\/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA2754423\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CVLT 10-DAY DEADLINE ALERT: HBSS Alerts Commvault (CVLT) Investors to Expanded Class Period in Securities Class Action\",\"datePublished\":\"2026-07-08T00:56:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\\\/\"},\"wordCount\":665,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mmx.prnewswire.com\\\/media\\\/MS1117217\\\/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA2754423\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\\\/\",\"name\":\"CVLT 10-DAY DEADLINE ALERT: HBSS Alerts Commvault (CVLT) Investors to Expanded Class Period in Securities Class Action - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/","og_locale":"en_US","og_type":"article","og_title":"CVLT 10-DAY DEADLINE ALERT: HBSS Alerts Commvault (CVLT) Investors to Expanded Class Period in Securities Class Action - Market Newsdesk","og_description":"PR Newswire Lead Plaintiff Deadline Remains July 17, 2026 SAN FRANCISCO, July 7, 2026 \/PRNewswire\/ &#8212;\u00a0Hagens Berman, a national shareholder rights firm, alerts investors in Commvault Systems, Inc. (NASDAQ: CVLT) that a newly filed securities class action lawsuit has expanded the alleged class period. The lawsuit now covers investors who purchased or otherwise acquired Commvault securities between January 28, 2025, and January 26, 2026, inclusive. Hagens Berman is investigating the claims pled in the pending litigation and encourages Commvault investors who suffered substantial losses to submit your losses now. Expanded Alleged Class Period: Jan. 28, 2025 \u2013 Jan. 26, 2026Lead Plaintiff Deadline: July 17, 2026Visit:www.hbsslaw.com\/investor-fraud\/cvltContact the Firm Now: CVLT@hbsslaw.com\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 &hellip; Continue reading \"CVLT 10-DAY DEADLINE ALERT: HBSS Alerts Commvault (CVLT) Investors to Expanded Class Period in Securities Class Action\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/","og_site_name":"Market Newsdesk","article_published_time":"2026-07-08T00:56:48+00:00","og_image":[{"url":"https:\/\/mmx.prnewswire.com\/media\/MS1117217\/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA2754423","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CVLT 10-DAY DEADLINE ALERT: HBSS Alerts Commvault (CVLT) Investors to Expanded Class Period in Securities Class Action","datePublished":"2026-07-08T00:56:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/"},"wordCount":665,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/#primaryimage"},"thumbnailUrl":"https:\/\/mmx.prnewswire.com\/media\/MS1117217\/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA2754423","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cvlt-10-day-deadline-alert-hbss-alerts-commvault-cvlt-investors-to-expanded-class-period-in-securities-class-action\/","name":"CVLT 10-DAY DEADLINE ALERT: HBSS Alerts Commvault (CVLT) Investors to Expanded Class Period in Securities Class Action - 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