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 refer to shares of companies that provide cloud-based data storage solutions, allowing individuals and businesses to store, manage, and back up their digital data remotely. These companies take advantage of scalable, secure, and cost-effective services to cater to increasing demand for data storage and access, making them an important component of the broader technology and cloud computing sectors. 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 NASDAQ:NTAP traded down $0.30 on Wednesday, hitting $81.89. 292,270 shares of the company traded hands, compared to its average volume of 1,915,817. The company has a market cap of $16.66 billion, a PE ratio of 15.05, a PEG ratio of 2.45 and a beta of 1.31. The stock has a 50 day simple moving average of $98.62 and a 200-day simple moving average of $113.63. NetApp has a 52 week low of $71.84 and a 52 week high of $135.45. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39.
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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.
Commvault Systems stock traded down $1.48 during trading hours on Wednesday, hitting $153.03. The stock had a trading volume of 96,571 shares, compared to its average volume of 402,678. The stock's 50-day moving average price is $163.83 and its 200-day moving average price is $161.68. Commvault Systems has a 12-month low of $93.48 and a 12-month high of $190.11. The stock has a market capitalization of $6.73 billion, a P/E ratio of 40.17 and a beta of 0.68.
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.
NASDAQ ALRM traded down $0.54 during mid-day trading on Wednesday, reaching $50.90. The stock had a trading volume of 52,304 shares, compared to its average volume of 411,959. The company has a fifty day moving average price of $57.41 and a 200 day moving average price of $59.14. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. Alarm.com has a 1 year low of $48.23 and a 1 year high of $71.98. The stock has a market cap of $2.53 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03.
Read Our Latest Research Report on ALRM
Further Reading
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