Cloud Storage Stocks To Keep An Eye On - June 17th

NetApp, Commvault Systems, Alarm.com, Tuya, GoPro, Backblaze, and Shengfeng Development are the seven Cloud Storage stocks to watch today, according to MarketBeat's stock screener tool. Cloud storage stocks are publicly traded shares of companies that provide internet-based data storage and management services. These firms operate remote servers that allow businesses and individuals to store, back up, and access digital information on demand. Investors buy these stocks to gain exposure to the growing demand for scalable and secure cloud storage 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 $0.21 during midday trading on Tuesday, reaching $103.99. 635,967 shares of the company were exchanged, compared to its average volume of 2,168,064. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. The stock has a market cap of $20.84 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.45 and a beta of 1.42. NetApp has a one year low of $71.84 and a one year high of $135.45. The business's fifty day moving average is $94.31 and its two-hundred day moving average is $105.39.

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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.

Shares of CVLT stock traded up $1.43 on Tuesday, reaching $188.97. 100,794 shares of the company's stock were exchanged, compared to its average volume of 424,732. The company's fifty day simple moving average is $171.64 and its 200 day simple moving average is $166.26. Commvault Systems has a 52 week low of $116.45 and a 52 week high of $192.01. The stock has a market capitalization of $8.34 billion, a PE ratio of 49.64 and a beta of 0.75.

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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 ALRM stock traded down $0.24 during trading hours on Tuesday, reaching $57.66. 76,928 shares of the company's stock were exchanged, compared to its average volume of 396,574. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 3.59 and a beta of 1.02. Alarm.com has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The stock's 50 day moving average is $55.48 and its 200-day moving average is $58.88. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35.

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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 traded down $0.01 on Tuesday, hitting $2.61. 990,340 shares of the company's stock were exchanged, compared to its average volume of 1,929,964. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -86.50 and a beta of 0.47. The firm has a 50-day moving average price of $2.40 and a 200-day moving average price of $2.54. Tuya has a fifty-two week low of $1.28 and a fifty-two week high of $4.63.

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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.

Shares of NASDAQ GPRO traded down $0.01 during mid-day trading on Tuesday, hitting $0.87. The company had a trading volume of 820,574 shares, compared to its average volume of 2,620,823. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87. GoPro has a 1-year low of $0.40 and a 1-year high of $1.76. The business's 50-day simple moving average is $0.62 and its 200 day simple moving average is $0.82. The company has a market capitalization of $137.54 million, a PE ratio of -0.31 and a beta of 1.35.

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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.

Shares of NASDAQ:BLZE traded up $0.08 on Tuesday, reaching $5.19. The company's stock had a trading volume of 106,741 shares, compared to its average volume of 401,082. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. The stock's 50-day moving average is $5.10 and its two-hundred day moving average is $5.79. Backblaze has a 52-week low of $3.94 and a 52-week high of $8.08. The stock has a market capitalization of $284.88 million, a P/E ratio of -4.67 and a beta of 1.17.

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Shengfeng Development (SFWL)

Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services.

NASDAQ SFWL traded down $0.03 during mid-day trading on Tuesday, reaching $0.98. 1,530 shares of the stock were exchanged, compared to its average volume of 49,561. The business's fifty day simple moving average is $0.97 and its 200 day simple moving average is $1.01. Shengfeng Development has a 1-year low of $0.86 and a 1-year high of $1.60.

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