Promising Cloud Storage Stocks To Keep An Eye On - July 16th

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 and management services over the internet via remote servers. By investing in these stocks, individuals gain exposure to the rapidly growing cloud computing sector, driven by rising demand for scalable, secure, on-demand data solutions. Major players include Amazon (AWS), Microsoft (Azure) and Google (Cloud Storage). 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 CVLT stock traded up $3.53 during trading hours on Wednesday, hitting $170.26. The stock had a trading volume of 185,004 shares, compared to its average volume of 484,938. CommVault Systems has a one year low of $119.67 and a one year high of $192.01. The stock's 50-day moving average price is $177.71 and its two-hundred day moving average price is $167.35. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 100.85 and a beta of 0.73.

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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 traded down $0.46 on Wednesday, hitting $103.02. The company had a trading volume of 254,949 shares, compared to its average volume of 2,103,995. The company has a market cap of $20.64 billion, a PE ratio of 18.14, a PEG ratio of 2.41 and a beta of 1.42. NetApp has a 12-month low of $71.84 and a 12-month 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. The business's fifty day simple moving average is $102.39 and its 200 day simple moving average is $103.02.

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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.

NASDAQ:ALRM traded up $0.66 during trading hours on Wednesday, reaching $54.64. The company's stock had a trading volume of 92,766 shares, compared to its average volume of 346,311. The stock has a 50 day moving average price of $57.31 and a two-hundred day moving average price of $57.60. The company has a market capitalization of $2.72 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.92 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14. Alarm.com has a 12 month low of $48.23 and a 12 month high of $71.98.

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