Top Cloud Storage Stocks to Research - March 15th

NetApp, Commvault Systems, and Alarm.com are three cloud storage stocks that are gaining attention today. According to a recent analysis, these companies represent opportunities for investors looking to benefit from the growing demand for digital data storage and management solutions.

NetApp (NTAP)

NetApp, Inc. specializes in providing cloud-led and data-centric services that allow businesses to manage and share data across various environments, including on-premises, private, and public clouds. The company operates through two primary segments: Hybrid Cloud and Public Cloud. Its products include intelligent data management software such as NetApp ONTAP and SnapMirror, as well as various storage infrastructure solutions.

Recently, shares of NTAP increased by $1.92, reaching $91.98. The trading volume for the day was 1,751,639 shares, slightly below its average volume of 1,891,420. Over the past year, the stock hit a low of $89.88 and a high of $135.45. Presently, it has a market cap of $18.71 billion, a PE ratio of 16.91, and a beta of 1.24.

Commvault Systems (CVLT)

Commvault Systems, Inc. offers a comprehensive data protection platform designed to help customers secure, defend, and recover their data. The company caters to both domestic and international markets with its various offerings, including Commvault Backup and Recovery and Commvault Disaster Recovery. Notably, Commvault has also introduced a cloud-based data protection as-a-service solution, enhancing its appeal in today’s market.

On Friday, shares of CVLT rose by $10.86 to hit $159.17, with a trading volume of 645,994 shares compared to an average of 373,024. The stock has ranged from a low of $93.48 to a high of $190.11 in the past year, and it carries a market cap of $7.00 billion and a PE ratio of 41.78.

Alarm.com (ALRM)

Alarm.com Holdings, Inc. provides a variety of IoT solutions tailored for residential, commercial, and enterprise applications. Its products enable users to manage and monitor security systems and IoT devices, including smart locks and video monitoring systems. Alarm.com operates through two segments: Alarm.com and Other, allowing it to offer a comprehensive suite of connected solutions.

In midday trading, shares of NASDAQ ALRM went up by $0.47 to reach $58.49, with a trading volume of 501,524 shares compared to its average of 381,916. For the past year, the stock has declined from a high of $74.97 to a low of $51.87. Alarm.com now has a market cap of $2.90 billion and a PE ratio of 25.54.

Cloud, Storage, Stocks