Best Cloud Storage Stocks To Consider – February 03rd

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 refer to publicly traded companies that provide products and services related to storing and managing data in remote servers accessed over the internet. These stocks are representatives of companies involved in cloud storage solutions, including applications, infrastructure, and security services for individuals and businesses. Investors may choose to invest in cloud storage stocks to potentially benefit from the growth and adoption of cloud computing technologies. 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 stock traded down $2.08 during mid-day trading on Monday, reaching $120.03. 350,307 shares of the company traded hands, compared to its average volume of 1,317,709. The stock has a market cap of $24.40 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.90 and a beta of 1.23. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. NetApp has a fifty-two week low of $83.80 and a fifty-two week high of $135.45. The firm’s 50 day moving average price is $121.21 and its 200 day moving average price is $122.21.

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 $2.67 during mid-day trading on Monday, reaching $156.59. 108,381 shares of the company traded hands, compared to its average volume of 487,522. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 41.05 and a beta of 0.65. Commvault Systems has a fifty-two week low of $90.32 and a fifty-two week high of $178.72. The firm’s 50 day moving average price is $162.55 and its 200 day moving average price is $154.64.

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 stock traded down $0.26 during mid-day trading on Monday, reaching $60.41. 69,719 shares of the company traded hands, compared to its average volume of 253,238. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 3.66 and a beta of 0.98. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. Alarm.com has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The firm’s 50 day moving average price is $63.20 and its 200 day moving average price is $60.17.