Cloud Storage Stocks To Research – March 26th

NetApp, Commvault Systems, Alarm.com, GoPro, Tuya, Backblaze, and Shengfeng Development are the seven Cloud Storage stocks to watch today, according to MarketBeat’s stock screener tool. Cloud storage stocks refer to the shares of companies that provide cloud-based data storage solutions, allowing users to store and access digital information over the internet rather than on local hardware. Investors in these stocks gain exposure to companies operating in the rapidly expanding cloud computing sector, benefiting from trends in digital transformation and data management. 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.

NTAP stock traded down $0.92 during midday trading on Wednesday, hitting $93.48. The stock had a trading volume of 346,060 shares, compared to its average volume of 1,746,159. The firm has a market cap of $19.01 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The business has a 50-day moving average of $111.60 and a two-hundred day moving average of $117.77. NetApp has a 52-week low of $89.88 and a 52-week high of $135.45. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84.

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 $4.19 during midday trading on Wednesday, hitting $169.80. The stock had a trading volume of 102,459 shares, compared to its average volume of 372,739. The company has a market cap of $7.47 billion, a P/E ratio of 44.57 and a beta of 0.62. The business’s 50 day moving average is $166.30 and its 200-day moving average is $161.28. Commvault Systems has a 52 week low of $93.48 and a 52 week high of $190.11.

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 up $0.41 during trading hours on Wednesday, hitting $58.10. The company’s stock had a trading volume of 62,808 shares, compared to its average volume of 385,248. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The company’s 50 day simple moving average is $60.35 and its two-hundred day simple moving average is $59.39. Alarm.com has a 12 month low of $51.87 and a 12 month high of $74.25. The company has a market cap of $2.88 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10.

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.

GoPro stock traded down $0.02 during mid-day trading on Wednesday, hitting $0.75. The stock had a trading volume of 2,442,259 shares, compared to its average volume of 2,169,606. The firm’s 50 day moving average is $0.86 and its 200 day moving average is $1.12. GoPro has a one year low of $0.64 and a one year high of $2.32. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $115.30 million, a P/E ratio of -0.26 and a beta of 1.62.

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.

TUYA stock traded down $0.04 during midday trading on Wednesday, reaching $3.38. 443,641 shares of the company traded hands, compared to its average volume of 1,429,623. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -112.50 and a beta of 0.39. Tuya has a 52-week low of $1.28 and a 52-week high of $4.63. The business has a 50 day moving average of $3.12 and a 200-day moving average of $2.16.

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 down $0.32 during trading hours on Wednesday, hitting $5.20. 210,102 shares of the company traded hands, compared to its average volume of 359,335. The company’s 50 day moving average price is $6.25 and its 200 day moving average price is $6.48. Backblaze has a 12 month low of $4.91 and a 12 month high of $10.52. The stock has a market capitalization of $230.88 million, a price-to-earnings ratio of -4.68 and a beta of 0.89. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

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.

Shengfeng Development stock traded up $0.02 during midday trading on Wednesday, hitting $1.02. 9,389 shares of the company’s stock were exchanged, compared to its average volume of 159,643. Shengfeng Development has a 12 month low of $0.81 and a 12 month high of $2.23. The firm has a 50-day moving average of $1.01 and a two-hundred day moving average of $1.15.