Promising Cloud Storage Stocks To Follow Now – July 19th

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 host and manage data storage services over the internet. These firms operate large‐scale data centers and offer scalable, secure storage, backup and retrieval solutions to businesses and consumers. Investing in cloud storage stocks provides exposure to the fast-growing market for remote data management and digital 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 up $1.12 during trading hours on Friday, hitting $108.37. 1,742,694 shares of the company’s stock were exchanged, compared to its average volume of 1,910,940. The business’s 50 day moving average is $103.17 and its 200-day moving average is $102.91. NetApp has a 12-month low of $71.84 and a 12-month high of $135.45. The firm has a market capitalization of $21.71 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.47 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.

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 CommVault Systems stock traded up $1.22 during trading hours on Friday, reaching $172.07. The stock had a trading volume of 388,700 shares, compared to its average volume of 434,666. The firm has a 50 day simple moving average of $177.54 and a two-hundred day simple moving average of $167.65. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 101.82 and a beta of 0.73. CommVault Systems has a 1 year low of $120.57 and a 1 year 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.

Shares of Alarm.com stock traded down $0.19 during trading hours on Friday, reaching $55.32. The stock had a trading volume of 232,993 shares, compared to its average volume of 376,585. The firm has a 50 day simple moving average of $57.32 and a two-hundred day simple moving average of $57.50. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 2.97 and a beta of 0.99. The company has a current ratio of 2.14, a quick ratio of 2.01 and a debt-to-equity ratio of 0.64. Alarm.com has a 1 year low of $48.23 and a 1 year high of $71.98.