NetApp, CommVault Systems, Alarm.com, Tuya, and Backblaze 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 offer on-demand, internet-based data storage and management services rather than relying on local hardware. Investors buy these stocks to gain exposure to firms such as Amazon Web Services, Microsoft Azure, Google Cloud and specialized providers like Dropbox or Pure Storage, whose growth and valuation depend on business and consumer demand for scalable, secure and cost-effective 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.
NTAP stock traded down $0.14 during mid-day trading on Friday, reaching $107.48. 940,236 shares of the company traded hands, compared to its average volume of 1,925,925. The stock has a market cap of $21.53 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 2.47 and a beta of 1.42. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39. NetApp has a fifty-two week low of $71.84 and a fifty-two week high of $135.45. The firm's 50 day moving average price is $100.28 and its 200 day moving average price is $103.63.
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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 up $3.76 during mid-day trading on Friday, reaching $174.25. 216,515 shares of the stock were exchanged, compared to its average volume of 434,012. The stock has a market capitalization of $7.76 billion, a PE ratio of 103.11 and a beta of 0.73. The company has a 50 day moving average price of $177.57 and a two-hundred day moving average price of $166.70. CommVault Systems has a 1 year low of $118.69 and a 1 year high of $192.01.
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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.
ALRM traded up $0.62 during mid-day trading on Friday, reaching $57.69. 163,540 shares of the stock were exchanged, compared to its average volume of 378,515. Alarm.com has a 1 year low of $48.23 and a 1 year high of $71.98. The stock has a market capitalization of $2.87 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 3.09 and a beta of 0.99. The company has a 50 day moving average price of $57.00 and a two-hundred day moving average price of $57.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14.
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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 stock traded down $0.02 during midday trading on Friday, hitting $2.46. 1,769,051 shares of the stock were exchanged, compared to its average volume of 2,015,708. Tuya has a 52-week low of $1.28 and a 52-week high of $4.63. The business's 50-day moving average price is $2.49 and its 200-day moving average price is $2.59. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 61.39 and a beta of 0.46.
Read Our Latest Research Report on TUYA
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 during midday trading on Friday, reaching $5.50. The company's stock had a trading volume of 257,874 shares, compared to its average volume of 386,099. Backblaze has a 12-month low of $3.94 and a 12-month high of $8.08. The firm has a 50 day moving average price of $5.30 and a 200-day moving average price of $5.65. The stock has a market capitalization of $301.68 million, a P/E ratio of -5.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09.
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