Stock Track | CommVault Plunges 8% in Pre-market on Full-Year Revenue Guidance Miss

Stock Track
Jul 28

Shares of CommVault Systems (CVLT) plunged 8.04% in pre-market trading on Tuesday, following the release of the company's fiscal first-quarter results and its full-year outlook.

The sell-off came after the data protection and management software provider issued a full-year revenue forecast that fell short of Wall Street expectations. CommVault said it expects fiscal 2027 subscription revenue in the range of $1.119 billion to $1.129 billion, which was below analysts' estimates. The weaker-than-expected outlook overshadowed a quarterly beat on both the top and bottom lines, with adjusted earnings of $1.42 per share surpassing the consensus estimate of $1.16 and revenue coming in above projections.

While the company's first-quarter results showed solid growth in subscription revenue and annual recurring revenue, the cautious annual guidance prompted investors to sell the stock in the pre-market session.

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