NetApp, CommVault Systems, GoPro, Alarm.com, and Tuya are the five Cloud Storage stocks to watch today, according to MarketBeat's stock screener tool. Cloud storage stocks are shares of publicly traded companies that provide online data storage and management services over the internet. Investors buy these stocks to gain exposure to firms whose revenues depend on subscription-based access to scalable, off-site storage infrastructure. The performance of cloud storage stocks often reflects trends in enterprise digitization, data security needs, and overall demand for remote data access. 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.
NTAP stock traded up $0.56 on Wednesday, reaching $103.76. 448,332 shares of the company were exchanged, compared to its average volume of 1,932,902. The firm has a market capitalization of $20.79 billion, a PE ratio of 18.26, a PEG ratio of 2.39 and a beta of 1.42. NetApp has a 12 month low of $71.84 and a 12 month high of $135.45. The stock's fifty day moving average price is $94.65 and its 200 day moving average price is $105.37. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.25 and a quick ratio of 1.22.
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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.
Shares of NASDAQ:CVLT traded down $4.63 on Wednesday, hitting $183.38. 102,258 shares of the company were exchanged, compared to its average volume of 424,513. The company's 50 day moving average price is $172.24 and its two-hundred day moving average price is $166.41. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 108.62 and a beta of 0.75. CommVault Systems has a one year low of $117.42 and a one year high of $192.01.
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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.
GPRO stock traded up $0.07 during trading on Wednesday, reaching $0.91. 3,275,607 shares of the stock were exchanged, compared to its average volume of 2,632,159. GoPro has a twelve month low of $0.40 and a twelve month high of $1.76. The company has a market capitalization of $142.58 million, a P/E ratio of -1.01 and a beta of 1.35. The stock has a 50 day simple moving average of $0.63 and a 200-day simple moving average of $0.82.
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Alarm.com (ALRM)
Alarm.com Holdings, Inc. provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.
Shares of NASDAQ:ALRM traded up $0.32 during trading on Wednesday, hitting $57.28. 39,561 shares of the stock were exchanged, compared to its average volume of 396,503. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 3.10 and a beta of 1.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14. Alarm.com has a 1-year low of $48.23 and a 1-year high of $71.98. The company's fifty day simple moving average is $55.56 and its 200-day simple moving average is $58.87.
Read Our Latest Research Report on ALRM
Tuya (TUYA)
Tuya Inc. offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.
TUYA stock traded down $0.01 during midday trading on Wednesday, hitting $2.55. The stock had a trading volume of 660,818 shares, compared to its average volume of 1,934,306. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 63.64 and a beta of 0.47. The stock has a 50-day simple moving average of $2.40 and a 200 day simple moving average of $2.54. Tuya has a 52 week low of $1.28 and a 52 week high of $4.63.
Read Our Latest Research Report on TUYA
Further Reading
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