Commvault stock steadies premarket after 31% wipeout on ARR worries
Commvault Systems shares rose 0.7% to $89.74 in early trading Wednesday, rebounding after a 31% plunge Tuesday following weaker net new annualized recurring revenue of $39 million. Analysts cut price targets as attention turned to whether ARR can recover in the March quarter. The company reported a 19% revenue jump to $314 million and raised its fiscal 2026 outlook. Commvault also expanded its partnership with Google Cloud this week.
