CommVault Systems Shares Drop 4.6%

Software maker's stock falls after reporting earnings

Published on Mar. 10, 2026

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Shares of CommVault Systems, Inc. (NASDAQ:CVLT) fell 4.6% on Tuesday after the data protection and information management software company reported its latest financial results. The stock traded as low as $80.34 before closing at $81.89, down from the previous close of $85.85.

Why it matters

CommVault's stock drop reflects investor concerns about the company's financial performance and outlook. As a leading provider of data management solutions, CommVault's results are closely watched by the market as an indicator of broader trends in enterprise software and cloud computing.

The details

CommVault reported revenue of $313.83 million for the quarter, up 19.5% year-over-year and beating analyst estimates. However, the company's earnings per share of $1.17 also fell short of expectations. Several Wall Street analysts have lowered their price targets on CommVault's stock in recent weeks, citing concerns about the company's growth trajectory.

  • CommVault reported its latest quarterly results on Tuesday, March 10, 2026.

The players

CommVault Systems, Inc.

A global provider of data protection and information management software, headquartered in Tinton Falls, New Jersey.

Sanjay Mirchandani

CEO of CommVault Systems.

Gary Merrill

Insider at CommVault Systems who sold shares in the company.

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The takeaway

CommVault's stock decline highlights the competitive pressures and growth challenges facing enterprise software companies as they navigate the shift to cloud-based solutions. Investors will be closely watching the company's ability to execute on its strategic initiatives and maintain its market position in the data management space.