Top Cloud Storage Stocks To Add to Your Watchlist – May 11th

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 internet-based data storage and management solutions, hosting users’ digital files on remote servers. By investing in these stocks, investors gain exposure to firms that build and operate scalable, secure, and on-demand data centers, capitalizing on the growing demand for cloud computing services. 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 $1.00 on Friday, reaching $93.44. The stock had a trading volume of 1,365,012 shares, compared to its average volume of 1,929,918. The company has a 50-day simple moving average of $88.11 and a 200-day simple moving average of $109.09. NetApp has a 12-month low of $71.84 and a 12-month high of $135.45. The firm has a market capitalization of $19.01 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.84 and a current ratio of 0.91.

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 down $4.19 during trading hours on Friday, reaching $170.60. The company had a trading volume of 394,583 shares, compared to its average volume of 416,504. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 44.78 and a beta of 0.71. The firm’s 50 day moving average price is $159.00 and its 200-day moving average price is $163.28. 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.

ALRM traded up $0.71 during trading on Friday, reaching $56.02. 620,839 shares of the company traded hands, compared to its average volume of 420,429. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The company has a market cap of $2.79 billion, a P/E ratio of 24.46, a PEG ratio of 3.59 and a beta of 1.02. Alarm.com has a 12-month low of $48.23 and a 12-month high of $71.98. The firm has a fifty day simple moving average of $54.52 and a 200 day simple moving average of $59.04.