Top Cloud Storage Stocks to Research - March 15th

NetApp, Commvault Systems, and Alarm.com emerge as the prominent cloud storage stocks to consider right now. Cloud storage stocks represent shares in companies that provide digital data storage and management solutions via the cloud, moving away from traditional physical storage methods. The growth of these stocks is often driven by the increasing demand for scalable, secure, and cost-effective data services in today’s booming digital economy. Recently, these companies experienced the highest trading volumes compared to other cloud storage stocks.

NetApp (NTAP)

NetApp, Inc. specializes in cloud-oriented and data-centric services that allow users to manage and share their data across on-premises, private, and public cloud platforms worldwide. The company operates through two main segments: Hybrid Cloud and Public Cloud. NetApp offers advanced intelligent data management software products, including NetApp ONTAP, NetApp Snapshot, and NetApp SnapCenter. Their storage infrastructure includes solutions like the NetApp All-Flash FAS series, Fabric Attached Storage, and StorageGRID.

Recently, shares of NTAP increased by $1.92 to reach $91.98 during trading. Over 1.75 million shares have changed hands, exceeding its average volume of 1.89 million. The stock has fluctuated throughout the year, with a low of $89.88 and a high of $135.45. It boasts a market capitalization of $18.71 billion, a PE ratio of 16.91, and a beta of 1.24, which reflects its volatility compared to the overall market.

Commvault Systems (CVLT)

Commvault Systems, Inc. offers a powerful data protection platform aimed at helping customers safeguard, defend, and recover their data both in the U.S. and internationally. Key products include Commvault Backup and Recovery, Disaster Recovery, and the complete data protection solution, with newer offerings like Metallic Data Protection providing cloud-based protection services with advanced security controls.

Shares of CVLT rose impressively by $10.86, ending the trading session at $159.17. A volume of 645,994 shares traded, surpassing an average volume of 373,024. The stock's 50-day and 200-day simple moving averages stand at $165.22 and $160.41, respectively. Commvault's market cap is around $7 billion, with a PE ratio of 41.78.

Alarm.com (ALRM)

Alarm.com Holdings, Inc. specializes in Internet of Things (IoT) solutions, providing services for residential, multi-family, small business, and commercial markets both in North America and globally. The company operates two main segments: Alarm.com and Other, offering a range of services to control and monitor security systems and IoT devices such as door locks, cameras, and thermostats, alongside video monitoring solutions.

ALRM shares climbed by $0.47, reaching $58.49 during midday trading, with a volume of 501,524 shares compared to its average of 381,916. The 50-day simple moving average is $60.72, and the 200-day is $59.42. Alarm.com has a market cap of approximately $2.90 billion with a PE ratio of 25.54.

This overview highlights notable cloud storage companies that investors may wish to observe closely.

Cloud, Storage, Stocks