Cloud Storage Stocks To Keep An Eye On - July 21st

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 remotely hosted data storage, management and backup services over the internet. Investing in these stocks offers exposure to firms benefiting from growing enterprise demand for scalable, secure, on-demand data hosting—examples include Amazon Web Services, Microsoft Azure and Google Cloud. Their performance is often driven by digital transformation trends, cybersecurity requirements and the overall volume of data generated worldwide. 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 down $0.92 during midday trading on Monday, hitting $107.45. The company's stock had a trading volume of 467,750 shares, compared to its average volume of 1,908,089. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39. The stock has a 50-day simple moving average of $103.17 and a 200-day simple moving average of $102.73. The firm has a market capitalization of $21.53 billion, a P/E ratio of 18.91, a PEG ratio of 2.50 and a beta of 1.42. NetApp has a 1-year low of $71.84 and a 1-year high of $135.45.

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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.

CVLT traded down $1.13 during mid-day trading on Monday, reaching $170.94. The stock had a trading volume of 99,260 shares, compared to its average volume of 434,364. The stock has a market capitalization of $7.61 billion, a P/E ratio of 100.72 and a beta of 0.73. CommVault Systems has a 52 week low of $120.99 and a 52 week high of $192.01. The firm's fifty day simple moving average is $177.54 and its two-hundred day simple moving average is $167.87.

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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.

GoPro stock traded up $0.10 during midday trading on Monday, reaching $0.99. 5,947,961 shares of the company's stock were exchanged, compared to its average volume of 3,941,727. GoPro has a 52 week low of $0.40 and a 52 week high of $1.69. The firm has a market cap of $155.34 million, a price-to-earnings ratio of -1.10 and a beta of 1.38. The stock's 50-day simple moving average is $0.74 and its 200 day simple moving average is $0.76.

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