Commvault Systems, Inc. (CVLT) shares fell 30.30 percent, or $39.20, to $90.16 on Tuesday after the company reported third-quarter results that showed higher profit and strong revenue growth compared with last year but still failed to reassure investors.
The data management software company posted net income of $17.78 million, or $0.40 per share, up from $11.02 million, or $0.24 per share, a year earlier.
The stock opened at $103.79 after closing at $129.36 in the prior session and traded between $84.44 and $106.44 during the day on the Nasdaq. Trading volume surged to about 4.04 million shares, well above the average volume of roughly 0.79 million.
The stock has traded within a 52-week range of $84.44 to $200.68.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.