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Cloud Storage Stocks To Add to Your Watchlist - August 7th

NetApp logo with Computer and Technology background

Key Points

  • MarketBeat highlights NetApp, CommVault Systems, and Backblaze as key cloud storage stocks to monitor due to their high trading volumes recently.
  • NetApp operates in both hybrid and public cloud markets, offering a range of intelligent data management solutions and has a current market cap of $20.67 billion.
  • CommVault Systems is recognized for its data protection platform and has a market cap of $8.14 billion, while Backblaze provides cost-effective cloud services with a market cap of $352.73 million.
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NetApp, CommVault Systems, and Backblaze are the three Cloud Storage stocks to watch today, according to MarketBeat's stock screener tool. Cloud storage stocks are equity shares of companies that provide online data storage and management services, allowing individuals and organizations to store, retrieve, and manage digital content on remote servers accessed via the internet. Investing in these stocks offers exposure to a rapidly growing segment of the technology sector, driven by increasing demand for scalable, secure, and cost-effective data solutions. 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.

Shares of NASDAQ NTAP traded down $0.19 during mid-day trading on Thursday, reaching $103.14. 535,946 shares of the company's stock traded hands, compared to its average volume of 2,045,862. NetApp has a 1-year low of $71.84 and a 1-year high of $135.45. The stock has a market cap of $20.67 billion, a P/E ratio of 18.15, a PEG ratio of 2.35 and a beta of 1.44. The business has a 50-day simple moving average of $104.44 and a 200 day simple moving average of $101.74. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.25 and a quick ratio of 1.22.

Read Our Latest Research Report on NTAP

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.

Shares of NASDAQ:CVLT traded down $2.54 during mid-day trading on Thursday, reaching $183.03. The company had a trading volume of 177,847 shares, compared to its average volume of 495,059. CommVault Systems has a one year low of $128.07 and a one year high of $200.68. The company's 50-day moving average price is $177.53 and its 200-day moving average price is $169.45. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 101.67 and a beta of 0.70.

Read Our Latest Research Report on CVLT

Backblaze (BLZE)

Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.

BLZE stock traded up $1.08 during mid-day trading on Thursday, reaching $6.43. 1,143,082 shares of the company traded hands, compared to its average volume of 431,495. The company has a fifty day moving average price of $5.37 and a 200-day moving average price of $5.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09. Backblaze has a 52-week low of $3.94 and a 52-week high of $8.08. The company has a market capitalization of $352.73 million, a P/E ratio of -6.39 and a beta of 1.13.

Read Our Latest Research Report on BLZE

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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