NetApp, CommVault Systems, 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 publicly traded companies that provide online data storage, backup and management services via remote servers. These firms enable businesses and individuals to store, access and secure their files over the internet on a scalable, pay-as-you-go basis. By investing in cloud storage stocks, shareholders gain exposure to the growing demand for off-site, on-demand data infrastructure. These companies had the highest dollar trading volume of any Cloud Storage stocks within the last several days.
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.
NASDAQ NTAP traded down $1.13 on Friday, reaching $108.43. The company had a trading volume of 498,038 shares, compared to its average volume of 2,022,868. The company's fifty day moving average is $105.12 and its 200 day moving average is $101.04. The stock has a market capitalization of $21.73 billion, a P/E ratio of 19.06, a P/E/G ratio of 2.52 and a beta of 1.44. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39. NetApp has a 52-week low of $71.84 and a 52-week high of $135.45.
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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.
NASDAQ:CVLT traded down $4.17 on Friday, hitting $179.19. The stock had a trading volume of 89,317 shares, compared to its average volume of 495,059. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 99.71 and a beta of 0.70. The business's 50-day simple moving average is $177.98 and its two-hundred day simple moving average is $170.52. 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
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 traded down $0.77 during mid-day trading on Friday, reaching $55.98. The company had a trading volume of 89,707 shares, compared to its average volume of 350,317. Alarm.com has a 52-week low of $48.23 and a 52-week high of $70.06. The stock has a market capitalization of $2.79 billion, a P/E ratio of 23.50, a PEG ratio of 3.04 and a beta of 0.97. The company has a quick ratio of 1.82, a current ratio of 1.95 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average of $56.24 and a two-hundred day moving average of $56.78.
Read Our Latest Research Report on ALRM
Further Reading
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