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Cloud Storage Stocks To Add to Your Watchlist - August 12th

CommVault Systems logo with Computer and Technology background

Key Points

  • MarketBeat identifies Commvault Systems, NetApp, and Alarm.com as key cloud storage stocks to monitor due to high trading volumes and growing demand for cloud-based data services.
  • Shares of Commvault Systems rose by $9.57 to $195.21, with a market cap of $8.68 billion and a PE ratio of 108.23.
  • NetApp's stock increased by $2.01 to $107.89, exhibiting a P/E ratio of 18.99 and showcasing growth potential within its hybrid and public cloud operations.
  • Want stock alerts on CommVault Systems? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

CommVault Systems, NetApp, and Alarm.com are the three Cloud Storage stocks to watch today, according to MarketBeat's stock screener tool. Cloud storage stocks are equity shares of companies that provide data storage, backup, and management services over the Internet using remote servers. These firms offer scalable, on-demand solutions—such as file hosting, archiving, and disaster recovery—eliminating the need for customers to maintain on-premises hardware. Investors in cloud storage stocks seek exposure to the fast-growing demand for cloud-based data services. These companies had the highest dollar trading volume of any Cloud Storage stocks within the last several days.

CommVault Systems (CVLT)

Commvault Systems, Inc. provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.

Shares of NASDAQ:CVLT traded up $9.57 during mid-day trading on Tuesday, reaching $195.21. 271,681 shares of the company traded hands, compared to its average volume of 494,740. The company's 50 day moving average price is $177.68 and its 200-day moving average price is $170.05. The firm has a market cap of $8.68 billion, a PE ratio of 108.23 and a beta of 0.70. CommVault Systems has a 52 week low of $128.07 and a 52 week high of $200.68.

Read Our Latest Research Report on CVLT

NetApp (NTAP)

NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.

NTAP stock traded up $2.01 during trading on Tuesday, reaching $107.89. The company's stock had a trading volume of 409,918 shares, compared to its average volume of 2,030,428. The company's fifty day moving average is $104.82 and its 200-day moving average is $101.01. The company has a market capitalization of $21.62 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 2.44 and a beta of 1.44. NetApp has a 1 year low of $71.84 and a 1 year high of $135.45. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39.

Read Our Latest Research Report on NTAP

Alarm.com (ALRM)

Alarm.com Holdings, Inc. provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.

Shares of ALRM stock traded up $1.03 during mid-day trading on Tuesday, hitting $54.43. The company had a trading volume of 195,663 shares, compared to its average volume of 345,819. The company has a market capitalization of $2.72 billion, a P/E ratio of 22.81, a P/E/G ratio of 2.91 and a beta of 0.97. Alarm.com has a 52-week low of $48.23 and a 52-week high of $70.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82. The stock's 50 day moving average price is $56.34 and its 200-day moving average price is $56.82.

Read Our Latest Research Report on ALRM

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