Why Commvault Systems Stock Crashed Today

Shares of Commvault Systems (NASDAQ: CVLT) were down 20% as of 1:45 p.m. EDT on Tuesday after the company delivered disappointing fiscal second-quarter results. Analysts expected it to report $184.8 million in revenue, but actual revenue only reached $177.8 million. 

Commvault also missed on earnings, where adjusted earnings per share came in at $0.48, much lower than the consensus estimate of $0.57.

Image source: Getty Images.

Continue reading

Source Fool.com