Stocks of BlackLine, Semrush, Commvault Systems, Agilysys, and MongoDB surged following cooler-than-expected inflation data from the July Consumer Price Index (CPI), which showed an annual rate of 2.7%. This data fueled speculation that the Federal Reserve might cut interest rates, boosting investor optimism, especially in growth sectors like SaaS. The market reaction was driven by the expectation of lower interest rates increasing the present value of future earnings for technology and software companies. Semrush's stock movement was highlighted as particularly volatile, with a recent 5.3% gain, though it remains down 36.8% year-to-date. The July Nonfarm Payrolls report showed only 73,000 jobs added, below forecasts, contributing to a rise in expectations for a September Federal Reserve rate cut from 40% to over 80%. The article suggests that enterprise software companies leveraging generative AI may be poised for long-term growth.

The article highlights five cloud storage stocks—NetApp, CommVault Systems, Alarm.com, GoPro, and Backblaze—highlighting their recent trading activity, stock prices, and services. It emphasizes their roles in the growing cloud-computing market and their offerings for data storage and protection.

The article highlights three cloud storage stocks—NetApp, CommVault Systems, and Alarm.com—as top performers in the market. These companies provide cloud-based data storage and management services, with NetApp having the highest trading volume. Key financial metrics and market data are provided for each company, including stock prices, market caps, and technical indicators.

The article highlights three cloud storage stocks—NetApp, CommVault Systems, and Alarm.com—as top performers based on trading volume and financial metrics. NetApp, a leader in hybrid cloud solutions, reported a 312,276-share trading volume, while CommVault Systems saw a $6.46 share price drop. Alarm.com experienced a $0.16 share price increase. All companies operate globally, with NetApp and CommVault based in the U.S. and Alarm.com with international operations.

The stock market declined following the White House's announcement of new global tariffs, which raised trade war concerns and exacerbated a weak July jobs report. This led to a sell-off in tech stocks, including GitLab, Doximity, Commvault Systems, Braze, and PTC. Commvault Systems reported strong Q1 2026 results, including a 26% revenue increase and a 46% surge in subscription revenue.