An investigation for investors in NASDAQ:CVLT shares was announced over potential breaches of fiduciary duties by certain officers and directors at CommVault Systems.
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 +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain CommVault Systems officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
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 February 1, 2017, NASDAQ:CVLT shares closed at $49.00 per share.
Those who purchased NASDAQ:CVLT shares 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