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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.