Top Cloud Storage Stocks to Watch - March 15th

In today’s rapidly advancing digital economy, cloud storage stocks have gained significant attention. According to stock screening tools, three companies are currently among the most notable in this sector: NetApp, Commvault Systems, and Alarm.com. These stocks represent companies that specialize in offering digital data storage and management solutions through the cloud, moving away from traditional physical storage.

NetApp (NTAP)

NetApp, Inc. provides a range of cloud-led and data-centric services that enable users to manage and share their data across on-premises, private, and public cloud environments worldwide. The company operates through two main segments—Hybrid Cloud and Public Cloud. NetApp offers various intelligent data management solutions, including NetApp ONTAP, SnapCenter for backup management, and SnapMirror for data replication.

In recent trading, shares of NetApp increased by $1.92 to reach $91.98, with a total trading volume of 1,751,639 shares, slightly under its average volume of 1,891,420. Over the past year, the stock has fluctuated between a low of $89.88 and a high of $135.45. Currently, the market capitalization is $18.71 billion, with a PE ratio of 16.91 and a price-to-earnings-growth ratio of 2.45.

Commvault Systems (CVLT)

Commvault Systems, Inc. focuses on providing a data protection platform that secures, defends, and reclaims data for customers in both the United States and internationally. Its offerings include solutions like Commvault Backup and Recovery, Disaster Recovery, and the Metallic Data Protection as-a-service platform, which provides enterprise-grade data protection on a cloud basis with robust security controls.

Recently, Commvault’s shares rose by $10.86, reaching $159.17, with trading volume of 645,994 shares against an average of 373,024. The stock has seen a twelve-month low of $93.48 and a high of $190.11, with a market cap of $7.00 billion and a PE ratio of 41.78.

Alarm.com (ALRM)

Alarm.com Holdings, Inc. specializes in a variety of Internet of Things (IoT) solutions for residential, multi-family, small businesses, and enterprise markets both in North America and globally. The company's offerings include security system controls, smart device management (like door locks and thermostats), and video monitoring solutions that also provide secure cloud storage.

In the market, Alarm.com shares increased by $0.47, bringing the stock price to $58.49. The trading volume was 501,524 shares compared to an average volume of 381,916. Alarm.com has fluctuated between a twelve-month low of $51.87 and a high of $74.97, with a market cap of $2.90 billion and a PE ratio of 25.54.

Cloud, Stocks, Data