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Promising Cloud Storage Stocks To Watch Today - August 9th

NetApp logo with Computer and Technology background

Key Points

  • According to MarketBeat, the top seven cloud storage stocks to watch today include NetApp, CommVault Systems, Alarm.com, Backblaze, GoPro, Tuya, and Shengfeng Development.
  • NetApp's stock traded at $106.21 with a market cap of $21.28 billion and a P/E ratio of 18.70, highlighting its strong position in the cloud and data management sector.
  • CommVault Systems, which provides data protection solutions, saw its shares decrease to $183.53, maintaining a market capitalization of $8.16 billion and a P/E ratio of 101.96.
  • Looking to Export and Analyze NetApp Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

NetApp, CommVault Systems, Alarm.com, Backblaze, GoPro, Tuya, 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 remote data storage and management services over the internet. By investing in these stocks, shareholders gain exposure to the growing demand for scalable, secure, and on-demand storage solutions without relying on physical hardware. Their performance often tracks broader trends in cloud computing adoption, cybersecurity needs, and enterprise IT spending. 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 up $2.36 during mid-day trading on Friday, reaching $106.21. The stock had a trading volume of 1,275,301 shares, compared to its average volume of 1,491,817. 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 cap of $21.28 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 2.39 and a beta of 1.44. NetApp has a 1 year low of $71.84 and a 1 year high of $135.45. The business's 50 day moving average price is $104.68 and its 200 day moving average price is $101.49.

Read Our Latest Research Report on NTAP

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 down $2.24 during mid-day trading on Friday, reaching $183.53. The stock had a trading volume of 311,238 shares, compared to its average volume of 535,481. CommVault Systems has a 1 year low of $128.07 and a 1 year high of $200.68. The business's 50 day moving average price is $177.71 and its 200 day moving average price is $169.76. The company has a market cap of $8.16 billion, a P/E ratio of 101.96 and a beta of 0.70.

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 stock traded up $0.07 during midday trading on Friday, reaching $54.41. 695,805 shares of the company traded hands, compared to its average volume of 299,272. Alarm.com has a 52-week low of $48.23 and a 52-week high of $70.06. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14. The business has a 50 day moving average of $56.42 and a 200-day moving average of $56.95. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.91 and a beta of 0.97.

Read Our Latest Research Report on ALRM

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 $0.46 during midday trading on Friday, hitting $7.14. The company's stock had a trading volume of 1,962,125 shares, compared to its average volume of 396,924. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.21. The business's 50 day moving average is $5.42 and its two-hundred day moving average is $5.51. Backblaze has a 12-month low of $3.94 and a 12-month high of $8.08. The firm has a market cap of $391.99 million, a P/E ratio of -8.02 and a beta of 1.13.

Read Our Latest Research Report on BLZE

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 up $0.10 during midday trading on Friday, hitting $1.41. The company's stock had a trading volume of 9,264,502 shares, compared to its average volume of 20,463,512. The business's 50 day moving average is $0.96 and its two-hundred day moving average is $0.79. GoPro has a 12-month low of $0.40 and a 12-month high of $2.37. The firm has a market cap of $222.15 million, a P/E ratio of -1.57 and a beta of 1.40.

Read Our Latest Research Report on GPRO

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 up $0.05 during midday trading on Friday, hitting $2.52. The stock had a trading volume of 805,657 shares, compared to its average volume of 1,706,883. Tuya has a one year low of $1.28 and a one year high of $4.63. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 63.02 and a beta of 0.46. The stock has a 50-day moving average of $2.49 and a 200 day moving average of $2.71.

Read Our Latest Research Report on TUYA

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 up $0.01 during midday trading on Friday, hitting $1.07. The stock had a trading volume of 743 shares, compared to its average volume of 20,459. 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 stock has a 50-day moving average of $0.98 and a 200 day moving average of $0.99. Shengfeng Development has a one year low of $0.86 and a one year high of $1.60.

Read Our Latest Research Report on SFWL

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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