… As Well as Brower Piven …

The securities litigation law firm of Brower Piven, a professional corporation, announces that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers of CommVault Systems, Inc. common stock between May 15, 2013 and April 24, 2014, inclusive .

No class has yet been certified in the above action. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that the company had begun experiencing decelerating software revenue growth, that the company was recognizing deferred software licensing revenue to mask slowing revenue growth, and that CommVault’s investments in its sales force were insufficient to offset employee attrition and drive the level of growth that the company had assured investors it could achieve.

According to the complaint, following the company’s April 25, 2014 announcement that its fiscal fourth quarter profit dropped as a result of significant deceleration in revenue growth and that its financial results were negatively impacted, in large part, by inadequate staffing of sales and marketing, the value of CommVault’s shares declined.