Cloud Storage Stocks To Follow Now – February 10th

NetApp, Commvault Systems, Tuya, Backblaze, and Alarm.com are the five Cloud Storage stocks to watch today, according to MarketBeat’s stock screener tool. Cloud storage stocks refer to publicly-traded companies that provide cloud storage services to individuals and businesses. These stocks represent investments in companies that offer online data storage solutions, enabling users to store, access, and manage their digital files and information remotely through the cloud. Investors may choose to buy cloud storage stocks as a way to tap into the growing demand for cloud-based storage solutions and benefit from potential growth in the digital storage industry. 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 stock traded down $2.27 during mid-day trading on Monday, reaching $120.64. The stock had a trading volume of 776,099 shares, compared to its average volume of 1,292,381. NetApp has a one year low of $83.80 and a one year high of $135.45. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. The firm’s 50 day simple moving average is $120.99 and its 200 day simple moving average is $122.04. The firm has a market cap of $24.53 billion, a PE ratio of 22.14, a P/E/G ratio of 2.94 and a beta of 1.23.

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 up $4.31 during mid-day trading on Monday, hitting $180.13. The company’s stock had a trading volume of 158,493 shares, compared to its average volume of 504,126. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 47.28 and a beta of 0.65. Commvault Systems has a fifty-two week low of $90.32 and a fifty-two week high of $181.51. The stock has a fifty day moving average of $162.11 and a 200-day moving average of $156.02.

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 TUYA stock traded down $0.19 during trading hours on Monday, hitting $3.34. The company had a trading volume of 3,456,868 shares, compared to its average volume of 2,375,520. Tuya has a 12 month low of $1.28 and a 12 month high of $3.70. The firm’s fifty day moving average is $2.00 and its 200 day moving average is $1.71. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -111.17 and a beta of 0.48.

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.

BLZE stock traded up $0.36 during trading on Monday, hitting $7.32. The company had a trading volume of 411,906 shares, compared to its average volume of 247,978. The company has a fifty day moving average price of $6.42 and a two-hundred day moving average price of $6.46. Backblaze has a fifty-two week low of $4.91 and a fifty-two week high of $12.65. The company has a market cap of $324.79 million, a P/E ratio of -6.59 and a beta of 0.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

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.

Shares of NASDAQ ALRM traded up $0.32 during midday trading on Monday, reaching $62.73. 42,817 shares of the company traded hands, compared to its average volume of 254,963. The stock’s 50-day simple moving average is $62.98 and its 200-day simple moving average is $59.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. Alarm.com has a 12 month low of $51.87 and a 12 month high of $77.29. The firm has a market cap of $3.10 billion, a PE ratio of 27.16, a PEG ratio of 3.82 and a beta of 0.98.