NetApp, Commvault Systems, and GoPro are the three Cloud Storage stocks to watch today, according to MarketBeat's stock screener tool. Cloud storage stocks are shares of publicly traded companies that provide remote data storage, backup and management services over the internet. Investors in these stocks gain exposure to firms—such as Amazon Web Services, Microsoft Azure, Google Cloud, Dropbox and Box—that generate revenue by selling subscription- or usage-based cloud storage solutions. As global data volumes and digital transformation efforts grow, cloud storage stocks offer a way to participate in the expanding demand for scalable, on-demand storage infrastructure. 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 NetApp stock traded up $2.29 during trading on Friday, reaching $106.89. The company's stock had a trading volume of 837,519 shares, compared to its average volume of 1,918,438. The company has a 50-day moving average price of $91.21 and a two-hundred day moving average price of $106.66. NetApp has a fifty-two week low of $71.84 and a fifty-two week high of $135.45. The firm has a market cap of $21.74 billion, a PE ratio of 19.63, a P/E/G ratio of 2.45 and a beta of 1.40. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39.
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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.
Commvault Systems stock traded up $1.45 during midday trading on Friday, reaching $188.62. The company's stock had a trading volume of 87,472 shares, compared to its average volume of 424,775. Commvault Systems has a fifty-two week low of $112.58 and a fifty-two week high of $190.11. The firm has a market capitalization of $8.32 billion, a PE ratio of 49.55 and a beta of 0.75. The stock's 50 day simple moving average is $166.26 and its 200 day simple moving average is $165.62.
Read Our Latest Research Report on CVLT
GoPro (GPRO)
GoPro, Inc. develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.
NASDAQ GPRO traded up $0.10 during mid-day trading on Friday, reaching $0.79. 5,547,608 shares of the stock were exchanged, compared to its average volume of 2,545,819. The stock has a market capitalization of $124.31 million, a PE ratio of -0.28 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32. The business's fifty day simple moving average is $0.58 and its 200 day simple moving average is $0.84. GoPro has a 1-year low of $0.40 and a 1-year high of $1.76.
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