Cloud Storage Stocks To Consider – April 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 companies that offer data storage services through remote servers, which allow users to store, manage, and back up data on the internet rather than on physically local hardware. These companies often provide scalable and secure storage solutions, playing a pivotal role in the expanding 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 up $1.29 on Wednesday, hitting $90.78. 319,939 shares of the company were exchanged, compared to its average volume of 1,852,786. NetApp has a twelve month low of $86.40 and a twelve month high of $135.45. The firm has a market capitalization of $18.47 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84. The company’s 50 day moving average price is $108.45 and its 200-day moving average price is $116.86.

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 up $2.75 during midday trading on Wednesday, reaching $165.69. 100,743 shares of the stock were exchanged, compared to its average volume of 394,520. Commvault Systems has a 12-month low of $93.48 and a 12-month high of $190.11. The firm has a 50 day simple moving average of $166.37 and a 200-day simple moving average of $161.89. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 43.42 and a beta of 0.62.

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 NASDAQ:ALRM traded up $0.11 on Wednesday, reaching $55.94. The company had a trading volume of 67,015 shares, compared to its average volume of 403,545. The stock has a 50-day moving average price of $59.86 and a 200 day moving average price of $59.46. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. Alarm.com has a twelve month low of $51.87 and a twelve month high of $71.98. The stock has a market capitalization of $2.78 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.59 and a beta of 1.03.