Best Cloud Storage Stocks To Follow Today – May 10th

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 operate internet-based platforms for storing, managing and backing up data in remote data centers. These firms—such as those offering infrastructure‐as‐a‐service or software‐as‐a‐service—earn revenue by charging users for scalable, on-demand storage capacity instead of local hardware. Investors buy these stocks to gain exposure to the fast-growing cloud computing market. 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 $1.00 during trading hours on Friday, hitting $93.44. 1,365,012 shares of the company were exchanged, compared to its average volume of 1,929,012. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average price of $88.11 and a 200 day moving average price of $109.16. The stock has a market cap of $19.01 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.40. NetApp has a 52 week low of $71.84 and a 52 week high of $135.45.

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.

CVLT traded down $4.19 during trading hours on Friday, reaching $170.60. 394,583 shares of the company’s stock traded hands, compared to its average volume of 415,961. The firm has a market capitalization of $7.51 billion, a PE ratio of 44.78 and a beta of 0.71. The firm has a 50-day moving average price of $159.00 and a 200 day moving average price of $163.06. Commvault Systems has a 52-week low of $105.76 and a 52-week high of $190.11.

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 ALRM traded up $0.71 during mid-day trading on Friday, hitting $56.02. The company’s stock had a trading volume of 620,839 shares, compared to its average volume of 420,584. Alarm.com has a 52-week low of $48.23 and a 52-week high of $71.98. The company’s 50-day moving average is $54.52 and its 200-day moving average is $59.01. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 3.59 and a beta of 1.02. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35.