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 shares of publicly traded companies that offer cloud-based data storage solutions, allowing businesses and individuals to store and access digital information on remote servers via the internet. By investing in these stocks, shareholders gain exposure to the growth of cloud computing, cybersecurity measures, and the rising global demand for scalable, on-demand storage services. Performance in this sector is driven by factors such as technological innovation, data-privacy regulations, and overall digital transformation trends. 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 NTAP traded down $0.52 during midday trading on Wednesday, reaching $106.14. The stock had a trading volume of 316,100 shares, compared to its average volume of 1,915,761. The company's 50-day moving average is $101.00 and its 200 day moving average is $103.47. NetApp has a 12-month low of $71.84 and a 12-month high of $135.45. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $21.27 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42.
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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 stock traded up $1.85 during trading on Wednesday, hitting $174.66. 68,499 shares of the company traded hands, compared to its average volume of 431,431. The firm has a market capitalization of $7.78 billion, a PE ratio of 103.65 and a beta of 0.73. CommVault Systems has a 1 year low of $118.69 and a 1 year high of $192.01. The company has a 50-day moving average of $177.80 and a 200-day moving average of $166.91.
Read Our Latest Research Report on CVLT
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 down $0.27 during midday trading on Wednesday, reaching $56.78. 91,342 shares of the company's stock traded hands, compared to its average volume of 377,414. The firm has a fifty day moving average of $57.13 and a two-hundred day moving average of $57.83. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 3.02 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. Alarm.com has a 52 week low of $48.23 and a 52 week high of $71.98.
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 traded up $0.02 during midday trading on Wednesday, reaching $2.50. 676,925 shares of the company's stock traded hands, compared to its average volume of 2,017,726. Tuya has a 52 week low of $1.28 and a 52 week high of $4.63. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 62.14 and a beta of 0.46. The firm has a fifty day moving average of $2.50 and a two-hundred day moving average of $2.60.
Read Our Latest Research Report on TUYA
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 trading on Wednesday, hitting $0.77. The stock had a trading volume of 1,061,155 shares, compared to its average volume of 2,773,515. GoPro has a 12 month low of $0.40 and a 12 month high of $1.76. The company has a market capitalization of $121.79 million, a PE ratio of -0.86 and a beta of 1.38. The firm's fifty day moving average is $0.71 and its 200 day moving average is $0.78.
Read Our Latest Research Report on GPRO
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 trading on Wednesday, hitting $5.49. The stock had a trading volume of 80,268 shares, compared to its average volume of 384,214. Backblaze has a 12 month low of $3.94 and a 12 month high of $8.08. The company has a market capitalization of $301.13 million, a PE ratio of -5.41 and a beta of 1.14. The firm's fifty day moving average is $5.34 and its 200 day moving average is $5.63. 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 $0.00 during trading on Wednesday, hitting $0.98. The stock had a trading volume of 6,795 shares, compared to its average volume of 40,981. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.13. The firm's fifty day moving average is $0.99 and its 200 day moving average is $1.00. Shengfeng Development has a 12 month low of $0.86 and a 12 month high of $1.60.
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