Cloud Storage Stocks To Follow Now – April 17th

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 companies that provide online data storage and management solutions, allowing businesses and individuals to save and access their data remotely via the internet. Investors in these stocks typically look for growth potential tied to increasing digitalization and the demand for scalable, secure, and efficient cloud storage 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.

NASDAQ:NTAP traded up $0.90 during midday trading on Thursday, reaching $82.25. The stock had a trading volume of 411,362 shares, compared to its average volume of 1,917,818. NetApp has a 12-month low of $71.84 and a 12-month high of $135.45. The stock has a market cap of $16.73 billion, a P/E ratio of 15.11, a P/E/G ratio of 2.45 and a beta of 1.31. The firm has a fifty day simple moving average of $97.79 and a two-hundred day simple moving average of $113.41. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39.

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.

CVLT stock traded down $1.82 on Thursday, hitting $149.25. 92,302 shares of the company were exchanged, compared to its average volume of 403,312. Commvault Systems has a twelve month low of $93.48 and a twelve month high of $190.11. The business’s fifty day moving average is $163.34 and its two-hundred day moving average is $161.60. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 39.12 and a beta of 0.68.

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 $0.10 during trading hours on Thursday, reaching $50.51. 49,690 shares of the company traded hands, compared to its average volume of 412,326. The stock has a market capitalization of $2.51 billion, a PE ratio of 22.02, a PEG ratio of 3.59 and a beta of 1.03. Alarm.com has a 12 month low of $48.23 and a 12 month high of $71.98. The company has a 50 day moving average of $57.18 and a two-hundred day moving average of $59.08. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35.