Top Cloud Storage Stocks To Research – July 2nd

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 offer internet-based data storage and management services. Investing in these stocks lets shareholders participate in firms that operate and maintain remote servers and data centers for backing up, securing, and accessing digital information online. They’re often seen as a way to tap into the growing demand for scalable, on-demand 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.

NTAP traded up $0.05 on Wednesday, reaching $106.74. The company had a trading volume of 452,694 shares, compared to its average volume of 1,919,537. The stock has a market capitalization of $21.39 billion, a PE ratio of 18.79, a P/E/G ratio of 2.46 and a beta of 1.42. NetApp has a 1 year low of $71.84 and a 1 year high of $135.45. The stock has a 50-day moving average price of $99.06 and a 200-day moving average price of $103.94. 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 NASDAQ CVLT traded up $0.40 during mid-day trading on Wednesday, hitting $172.93. 136,670 shares of the company were exchanged, compared to its average volume of 431,969. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 102.12 and a beta of 0.73. The stock has a 50 day simple moving average of $176.84 and a 200-day simple moving average of $166.54. CommVault Systems has a 1-year low of $118.69 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 $0.33 during trading on Wednesday, reaching $56.72. The company’s stock had a trading volume of 52,214 shares, compared to its average volume of 377,120. The business has a 50 day moving average price of $56.70 and a 200-day moving average price of $58.12. The company has a market capitalization of $2.82 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 3.03 and a beta of 0.99. The company has a quick ratio of 2.01, a current ratio of 2.14 and a debt-to-equity ratio of 0.64. Alarm.com has a 12-month low of $48.23 and a 12-month high of $71.98.