San Diego, CA -- (SBWIRE) -- 04/25/2017 -- The Shareholders Foundation announces that an investor in CommVault Systems, Inc. (NASDAQ:CVLT) filed a lawsuit against certain directors of CommVault Systems over alleged breaches of fiduciary duties.

Investors who purchased shares of CommVault Systems, Inc. (NASDAQ:CVLT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges that the defendants breached their fiduciary duties by misrepresenting forecasts of future results since at least 2013.

CommVault Systems, Inc. reported that its annual Total Revenue declined from $607.54 million for the 12 months period that ended on March 31, 2015 to $595.13 million for the 12 months period that ended on March 31, 2016 and that its Net Income for those respective time period fell from $25.65 million to $0.14 million.Shares of CommVault Systems, Inc. (NASDAQ:CVLT) grew from $31.45 per share in January 2016 to as high as $57.20 per share in November 2016.

On April 24, 2017, NASDAQ:CVLT shares closed at $50.65 per share.

Those who purchased shares of CommVault Systems, Inc. have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com