Cloud Storage Stocks To Watch Now - July 29th

Key Points

• Commvault Systems and six other companies are highlighted as key cloud storage stocks to watch, benefiting from the rising demand for secure, internet-based data solutions.
• Commvault's shares increased significantly, reaching a price of $191.57 with a market capitalization of $8.53 billion and a P/E ratio of 113.21.
• NetApp, another notable company in this sector, has a market cap of $21.17 billion and offers various hybrid and public cloud services.

CommVault Systems, NetApp, GoPro, Alarm.com, Tuya, Backblaze, and Shengfeng Development are the seven Cloud Storage stocks to watch today, according to MarketBeat's stock screener tool. Cloud storage stocks are shares of publicly traded companies that provide scalable, internet-based data storage, backup and synchronization services through remote servers. Investing in these equities gives exposure to firms like Amazon (AWS), Microsoft (Azure), Google (Cloud), Dropbox and Box, all of which benefit from growing demand for secure, on-demand digital storage solutions. These companies had the highest dollar trading volume of any Cloud Storage stocks within the last several days.

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 up $28.14 during trading on Tuesday, hitting $191.57. 621,328 shares of the company were exchanged, compared to its average volume of 485,557. The company has a fifty day moving average price of $175.97 and a 200-day moving average price of $168.25. CommVault Systems has a 12-month low of $127.35 and a 12-month high of $192.17. The firm has a market capitalization of $8.53 billion, a PE ratio of 113.21 and a beta of 0.73.

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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 traded down $1.28 on Tuesday, hitting $105.63. The company had a trading volume of 395,858 shares, compared to its average volume of 2,079,366. The company's fifty day moving average price is $103.87 and its 200 day moving average price is $102.24. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 2.39. NetApp has a 1 year low of $71.84 and a 1 year high of $135.45. The firm has a market cap of $21.17 billion, a P/E ratio of 18.60, a PEG ratio of 2.42 and a beta of 1.42.

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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.

NASDAQ:GPRO traded down $0.14 during trading hours on Tuesday, reaching $1.27. 4,920,031 shares of the stock were exchanged, compared to its average volume of 6,284,612. The business has a 50-day moving average of $0.83 and a two-hundred day moving average of $0.77. GoPro has a twelve month low of $0.40 and a twelve month high of $2.37. The company has a market capitalization of $200.56 million, a price-to-earnings ratio of -1.41 and a beta of 1.38.

Read Our Latest Research Report on GPRO

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 down $0.05 during midday trading on Tuesday, hitting $55.79. The company's stock had a trading volume of 74,489 shares, compared to its average volume of 341,506. Alarm.com has a 1 year low of $48.23 and a 1 year high of $71.98. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.14 and a quick ratio of 2.01. The business's fifty day simple moving average is $56.83 and its two-hundred day simple moving average is $57.26.

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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.

Shares of TUYA stock traded down $0.11 during trading hours on Tuesday, reaching $2.37. 1,449,108 shares of the stock were exchanged, compared to its average volume of 2,992,694. Tuya has a 12-month low of $1.28 and a 12-month high of $4.63. The business's fifty day moving average is $2.51 and its two-hundred day moving average is $2.68. The firm has a market capitalization of $1.28 billion, a P/E ratio of 59.14 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.

Backblaze stock traded down $0.22 during midday trading on Tuesday, reaching $5.24. The company's stock had a trading volume of 105,784 shares, compared to its average volume of 425,592. The business has a 50-day simple moving average of $5.45 and a 200-day simple moving average of $5.54. The company has a market cap of $287.40 million, a P/E ratio of -5.17 and a beta of 1.14. Backblaze has a fifty-two week low of $3.94 and a fifty-two week high of $8.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Read Our Latest Research Report on BLZE

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.

Shares of NASDAQ:SFWL traded down $0.04 during trading on Tuesday, hitting $0.96. 24,359 shares of the company were exchanged, compared to its average volume of 13,902. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.13. Shengfeng Development has a 12-month low of $0.86 and a 12-month high of $1.60. The firm's 50 day moving average price is $0.98 and its 200-day moving average price is $0.99.

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