Stock Track | CommVault Plummets 23.52% in Pre-Market Despite Q3 Beat as Guidance Disappoints

Stock Track
Jan 27

CommVault Systems Inc. (CVLT) experienced a sharp pre-market plummet of 23.52% on Tuesday following the release of its third-quarter fiscal 2026 financial results.

Despite reporting quarterly adjusted earnings per share of $1.17, beating the IBES estimate of $0.98, and revenue of $314 million, surpassing the $299.1 million estimate, investor sentiment turned negative. The data protection software company's outlook for the fourth quarter and full fiscal year suggested a deceleration in sales-growth momentum, disappointing the market.

The company projected fourth-quarter subscription revenue between $203 million and $207 million, roughly in line with analyst expectations. For the full fiscal year, CommVault raised its revenue guidance to a range of $1.177 billion to $1.18 billion, which was only slightly ahead of the average Wall Street estimate, failing to meet heightened investor expectations for stronger growth acceleration.

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