Commvault Systems Shares Slide 30% Despite Higher Q3 Profit

Core Viewpoint - Commvault Systems, Inc. (CVLT) shares experienced a significant decline of 30.30 percent, or $39.20, closing at $90.16 after the release of third-quarter results that, despite showing higher profit and strong revenue growth, did not satisfy investor expectations [1]. Financial Performance - The company reported a net income of $17.78 million, translating to $0.40 per share, which is an increase from $11.02 million, or $0.24 per share, in the same quarter last year [1]. Stock Performance - The stock opened at $103.79 after a previous close of $129.36, with intraday trading ranging between $84.44 and $106.44 on the Nasdaq [2]. - Trading volume surged to approximately 4.04 million shares, significantly higher than the average volume of around 0.79 million shares [2]. - The stock has fluctuated within a 52-week range of $84.44 to $200.68 [2].