Promising Cloud Storage Stocks To Consider - July 24th

GoPro, NetApp, CommVault Systems, Tuya, and Alarm.com are the five Cloud Storage stocks to watch today, according to MarketBeat's stock screener tool. Cloud storage stocks are shares of companies that offer remote data storage and management services over the Internet. Investors buy these stocks to gain exposure to businesses that generate revenue by hosting, securing, and delivering digital files on demand. As demand for scalable, off-site data solutions grows, these firms’ stock performance often reflects trends in enterprise IT spending and cloud adoption. These companies had the highest dollar trading volume of any Cloud Storage stocks within the last several days.

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 GPRO traded down $0.04 during mid-day trading on Thursday, reaching $1.51. The company had a trading volume of 24,308,290 shares, compared to its average volume of 6,140,315. The company's 50 day simple moving average is $0.78 and its 200 day simple moving average is $0.77. GoPro has a 1-year low of $0.40 and a 1-year high of $2.37. The company has a market capitalization of $237.11 million, a price-to-earnings ratio of -1.68 and a beta of 1.38.

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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.

NASDAQ:NTAP traded down $0.34 during mid-day trading on Thursday, hitting $105.54. 335,110 shares of the company's stock were exchanged, compared to its average volume of 2,097,434. The company has a 50 day simple moving average of $103.58 and a 200-day simple moving average of $102.70. 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 fifty-two week low of $71.84 and a fifty-two week high of $135.45. The firm has a market capitalization of $21.15 billion, a P/E ratio of 18.59, a PEG ratio of 2.42 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.

NASDAQ:CVLT traded down $1.81 during mid-day trading on Thursday, hitting $165.33. 72,781 shares of the company's stock were exchanged, compared to its average volume of 480,324. The company has a 50 day simple moving average of $176.86 and a 200-day simple moving average of $167.93. CommVault Systems has a fifty-two week low of $120.99 and a fifty-two week high of $192.01. The firm has a market capitalization of $7.36 billion, a P/E ratio of 97.77 and a beta of 0.73.

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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.

NYSE:TUYA traded down $0.06 during mid-day trading on Thursday, hitting $2.53. 636,896 shares of the company's stock were exchanged, compared to its average volume of 3,025,378. The company has a 50 day simple moving average of $2.52 and a 200-day simple moving average of $2.65. Tuya has a fifty-two week low of $1.28 and a fifty-two week high of $4.63. The firm has a market capitalization of $1.36 billion, a P/E ratio of 63.39 and a beta of 0.46.

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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.

NASDAQ:ALRM traded down $0.29 during mid-day trading on Thursday, hitting $55.47. 26,749 shares of the company's stock were exchanged, compared to its average volume of 343,039. The company has a current ratio of 2.14, a quick ratio of 2.01 and a debt-to-equity ratio of 0.64. Alarm.com has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The company has a 50 day simple moving average of $57.04 and a 200-day simple moving average of $57.40. The firm has a market capitalization of $2.76 billion, a P/E ratio of 23.31, a PEG ratio of 2.97 and a beta of 0.99.

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