Cloud Storage Stocks To Keep An Eye On – August 16th

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 publicly traded shares of companies that offer internet-based data storage and management services, allowing users and organizations to store, back up and access files remotely rather than on local drives. Investing in these stocks provides exposure to the rapidly growing cloud computing sector as businesses and consumers increasingly adopt scalable, pay-as-you-go storage solutions. 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 $0.77 during mid-day trading on Friday, hitting $108.79. 2,066,158 shares of the company’s stock were exchanged, compared to its average volume of 1,473,976. NetApp has a 52 week low of $71.84 and a 52 week high of $135.45. The stock’s 50-day simple moving average is $105.17 and its 200-day simple moving average is $100.97. The firm has a market cap of $21.80 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth 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.

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 CVLT traded down $3.33 during mid-day trading on Friday, hitting $180.02. 326,962 shares of the company’s stock were exchanged, compared to its average volume of 576,104. The stock’s 50-day simple moving average is $177.81 and its 200-day simple moving average is $170.66. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 100.01 and a beta of 0.70. CommVault Systems has a 52 week low of $128.07 and a 52 week high of $200.68.

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 $0.96 during mid-day trading on Friday, reaching $55.79. The stock had a trading volume of 329,824 shares, compared to its average volume of 377,413. The stock has a 50-day simple moving average of $56.19 and a two-hundred day simple moving average of $56.73. The stock has a market capitalization of $2.78 billion, a PE ratio of 23.44, a P/E/G ratio of 3.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82. Alarm.com has a 12 month low of $48.23 and a 12 month high of $70.06.