Top Cloud Storage Stocks To Add to Your Watchlist - July 27th

Key Points

• NetApp, CommVault Systems, and GoPro are highlighted as top cloud storage stocks to monitor, reflecting a growing interest in the cloud computing market.
• NetApp has seen notable trading activity with a market cap of $21.03 billion and a current trading price around $104.94, indicating significant investment interest.
• CommVault Systems offers a comprehensive data protection platform and has a current stock price of $164.35, despite a recent decline, showcasing its high market demand.

NetApp, CommVault Systems, and GoPro are the three Cloud Storage stocks to watch today, according to MarketBeat's stock screener tool. Cloud storage stocks are equity shares of companies that provide online data storage services, hosting and managing users’ digital files on remote servers accessible via the internet. These firms maintain and operate data centers offering scalable, secure, and on-demand storage solutions. Investors buy cloud storage stocks to gain exposure to the fast-growing segment of the cloud computing market driven by rising demand for flexible, reliable data storage. 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 up $0.28 during mid-day trading on Friday, hitting $104.94. The company had a trading volume of 893,151 shares, compared to its average volume of 1,551,880. The business's 50-day simple moving average is $103.77 and its 200-day simple moving average is $102.42. The company has a quick ratio of 1.22, a current ratio of 1.25 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 stock has a market cap of $21.03 billion, a PE ratio of 18.48, a P/E/G ratio of 2.42 and a beta of 1.42.

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 CVLT traded down $1.62 during mid-day trading on Friday, hitting $164.35. The company had a trading volume of 463,502 shares, compared to its average volume of 386,145. The business's 50-day simple moving average is $176.26 and its 200-day simple moving average is $168.11. CommVault Systems has a 1-year low of $121.78 and a 1-year high of $192.01. The stock has a market cap of $7.32 billion, a PE ratio of 97.25 and a beta of 0.73.

Read Our Latest Research Report on CVLT

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 up $0.04 during mid-day trading on Friday, hitting $1.51. The company had a trading volume of 14,157,125 shares, compared to its average volume of 19,723,796. GoPro has a 1-year low of $0.40 and a 1-year high of $2.37. The business's 50-day simple moving average is $0.82 and its 200-day simple moving average is $0.77. The stock has a market cap of $237.90 million, a PE ratio of -1.68 and a beta of 1.38.

Read Our Latest Research Report on GPRO