Best Cloud Storage Stocks To Watch Now – July 14th

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 remote data storage and management services over the internet. Investors in these stocks own a stake in businesses that maintain large-scale server networks, enabling clients to back up, archive, and access data securely offsite. Demand for cloud storage tends to grow with increases in digital data generation and enterprise migration to cloud-based infrastructures. 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 $0.49 during midday trading on Monday, reaching $104.79. The company had a trading volume of 346,117 shares, compared to its average volume of 2,119,578. The firm has a market capitalization of $21.00 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.43 and a beta of 1.42. The stock’s fifty day simple moving average is $101.93 and its 200-day simple moving average is $103.11. NetApp has a 12-month low of $71.84 and a 12-month high of $135.45. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 2.39.

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 up $4.70 during midday trading on Monday, reaching $169.75. The company had a trading volume of 98,806 shares, compared to its average volume of 434,179. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 100.52 and a beta of 0.73. The stock’s fifty day simple moving average is $177.91 and its 200-day simple moving average is $167.25. CommVault Systems has a 12-month low of $119.67 and a 12-month high of $192.01.

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 $0.09 during trading on Monday, reaching $54.86. 65,821 shares of the company’s stock were exchanged, compared to its average volume of 377,305. The stock has a market cap of $2.73 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 2.93 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. The company has a 50 day moving average price of $57.27 and a two-hundred day moving average price of $57.67. Alarm.com has a 1 year low of $48.23 and a 1 year high of $71.98.