SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

October 10, 2014 18:37 ET

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in CommVault Systems, Inc. (CVLT) to Contact the Firm

NEW YORK, NY--(Marketwired - October 10, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in CommVault Systems, Inc. ("CommVault" or the "Company") (NASDAQ: CVLT) of the November 12, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against CommVault and certain executives.

A complaint has been filed in the District of New Jersey on behalf of all persons who purchased CommVault common stock from May 15, 2013 through April 24, 2014, inclusive (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, CommVault misrepresented its revenue growth and the investment in its sale force. 

On April 25, 2014, the Company announced that its 2014 fourth quarter profit decreased significantly as a result of deceleration in revenue growth. CommVault also revealed that its financial results were negatively impacted by inadequate staffing of sales and marketing personnel.

Following this news, the price of CommVault stock declined by $21.02, or over 30%, to close at $47.56 on April 25, 2014.

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Take Action

If you invested in CommVault stock or options between May 15, 2013 and April 24, 2014 and would like to discuss your legal rights, visit You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to Faruqi & Faruqi, LLP also encourages anyone with information regarding CommVault's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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Contact Information

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    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    Telephone: (877) 247-4292 or (212) 983-9330