Top Cloud Storage Stocks To Add to Your Watchlist - July 22nd

NetApp, CommVault Systems, GoPro, Tuya, and Alarm.com are the five Cloud Storage stocks to watch today, according to MarketBeat's stock screener tool. Cloud storage stocks are publicly traded shares of companies that offer internet-based data storage and management services, allowing users to save, access, and share files on remote servers rather than local hardware. Major examples include Amazon (AWS), Microsoft (Azure), Google (Google Cloud), as well as specialized providers like Dropbox and Box. Investing in these stocks gives exposure to the growing demand for scalable, secure, and flexible data solutions in the digital economy. 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.

NASDAQ NTAP traded down $0.99 during trading hours on Tuesday, hitting $106.47. 347,384 shares of the company were exchanged, compared to its average volume of 2,101,114. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39. The stock has a market cap of $21.33 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 2.50 and a beta of 1.42. The stock has a 50-day moving average price of $103.17 and a 200 day moving average price of $102.73. NetApp has a 52 week low of $71.84 and a 52 week high of $135.45.

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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.

Shares of CVLT stock traded down $1.57 during mid-day trading on Tuesday, hitting $167.16. 131,532 shares of the stock were exchanged, compared to its average volume of 482,114. The firm has a fifty day moving average of $177.40 and a 200 day moving average of $167.94. CommVault Systems has a 52-week low of $120.99 and a 52-week high of $192.01. The company has a market cap of $7.44 billion, a PE ratio of 98.86 and a beta of 0.73.

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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 up $0.15 during trading hours on Tuesday, hitting $1.13. 5,621,648 shares of the stock were exchanged, compared to its average volume of 2,830,595. GoPro has a 12-month low of $0.40 and a 12-month high of $1.69. The company has a market cap of $177.24 million, a price-to-earnings ratio of -1.25 and a beta of 1.38. The stock has a 50-day moving average of $0.74 and a 200 day moving average of $0.76.

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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 NYSE TUYA traded down $0.04 during midday trading on Tuesday, hitting $2.48. The company's stock had a trading volume of 880,133 shares, compared to its average volume of 2,084,359. Tuya has a 1-year low of $1.28 and a 1-year high of $4.63. The firm's fifty day moving average price is $2.53 and its 200-day moving average price is $2.65. The firm has a market cap of $1.33 billion, a P/E ratio of 62.64 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.

ALRM traded up $0.43 during mid-day trading on Tuesday, reaching $55.46. The stock had a trading volume of 28,962 shares, compared to its average volume of 375,241. The firm's fifty day simple moving average is $57.32 and its two-hundred day simple moving average is $57.46. Alarm.com has a 52 week low of $48.23 and a 52 week high of $71.98. The stock has a market capitalization of $2.76 billion, a P/E ratio of 23.41, a P/E/G ratio of 2.96 and a beta of 0.99. 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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