This Tech Stock Just Crashed to a 52-Week Low: Should You Buy the Dip?

2026-01-30 17:45:00 ET

Investors were selling off Commvault Systems (NASDAQ: CVLT) stock after the data and cybersecurity firm released its fiscal third-quarter earnings on Tuesday, Jan. 27. The stock was in free fall Tuesday, down some 33% to $86.80 per share, a 52-week low. The sell-off comes despite solid quarterly results, as the firm had record revenue and beat revenue and earnings estimates.

Revenue was up 19% year over year in the quarter to a record $314 million. About two-thirds of its revenue comes from subscriptions for its software, and that rose 30% to $206 million, while annual recurring revenue (ARR) from subscriptions jumped 28% to $941 million. The rest comes from its legacy revenue stream, licenses, which were up 22% to $119 million.

Earnings rose 60% to $0.40 per share, while adjusted earnings rose 24% to $1.24 per share.

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