Cloud Storage Stocks To Add to Your Watchlist - August 5th

Key Points

• Three cloud storage stocks to watch are Commvault Systems, NetApp, and Alarm.com, which cater to the growing demand for digital data hosting through subscription-based services.
• Commvault Systems is noted for its comprehensive data protection solutions, while its share price fluctuated to $183.24, with a recent trading volume that was below its average.
• NetApp operates with a market cap of $20.57 billion and recently saw its stock price drop to $102.65, maintaining a strong portfolio of data management services across various cloud environments.

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 shares of companies that provide Internet-based data storage and management services through remote servers. These firms typically use subscription-based pricing to deliver scalable, secure solutions for backup, archiving, file sharing and collaboration. Investors in cloud storage stocks aim to capitalize on the growing demand for digital data hosting and on-demand IT infrastructure. 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 down $3.27 during midday trading on Tuesday, reaching $183.24. 122,397 shares of the company traded hands, compared to its average volume of 495,317. The stock's 50-day simple moving average is $177.02 and its 200-day simple moving average is $169.07. CommVault Systems has a 12 month low of $128.07 and a 12 month high of $200.68. The firm has a market cap of $8.15 billion, a PE ratio of 101.74 and a beta of 0.70.

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.

Shares of NTAP traded down $0.58 on Tuesday, hitting $102.65. The company's stock had a trading volume of 200,072 shares, compared to its average volume of 2,051,829. The company has a market capitalization of $20.57 billion, a PE ratio of 18.07, a PEG ratio of 2.33 and a beta of 1.44. NetApp has a fifty-two week low of $71.84 and a fifty-two week high of $135.45. The company has a 50 day moving average price of $104.33 and a 200 day moving average price of $101.73. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.25 and a quick ratio of 1.22.

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 NASDAQ ALRM traded down $0.31 during trading on Tuesday, reaching $55.29. The company had a trading volume of 82,275 shares, compared to its average volume of 340,998. 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 0.64, a quick ratio of 2.01 and a current ratio of 2.14. The business's 50 day moving average price is $56.62 and its 200-day moving average price is $57.07. The stock has a market cap of $2.75 billion, a PE ratio of 23.32, a PEG ratio of 2.89 and a beta of 0.97.

Read Our Latest Research Report on ALRM

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