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 in publicly traded companies that offer internet-based data storage, management, and backup services hosted on remote servers. Investors buy these stocks to gain exposure to the growing market for scalable, secure, subscription-based cloud solutions, as these firms generate revenue through recurring fees and enterprise contracts. 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.
Shares of NTAP traded down $1.15 during trading hours on Thursday, reaching $104.03. The stock had a trading volume of 670,606 shares, compared to its average volume of 1,923,084. The stock has a market capitalization of $20.85 billion, a PE ratio of 18.34, a PEG ratio of 2.45 and a beta of 1.42. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.22 and a current ratio of 1.25. The company's 50-day moving average is $97.17 and its two-hundred day moving average is $104.55. NetApp has a 12 month low of $71.84 and a 12 month 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.
Shares of NASDAQ:CVLT traded up $0.65 during mid-day trading on Thursday, reaching $174.07. 220,750 shares of the company's stock were exchanged, compared to its average volume of 429,721. CommVault Systems has a twelve month low of $118.07 and a twelve month high of $192.01. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 103.04 and a beta of 0.75. The business's fifty day moving average price is $174.76 and its 200-day moving average price is $166.53.
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.
Alarm.com stock traded down $0.66 during mid-day trading on Thursday, hitting $56.34. 207,175 shares of the stock were exchanged, compared to its average volume of 390,399. The company has a quick ratio of 2.01, a current ratio of 2.14 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 3.09 and a beta of 1.02. The firm's fifty day simple moving average is $56.19 and its two-hundred day simple moving average is $58.49. Alarm.com has a 12 month low of $48.23 and a 12 month high of $71.98.
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