Top Cloud Storage Stocks Worth Watching – February 07th

Commvault Systems, NetApp, Tuya, GoPro, Alarm.com, 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 publicly traded companies that provide services for storing data on remote servers accessed over the internet. These stocks represent companies that offer cloud-based storage solutions to individuals, businesses, and other organizations, allowing users to store, access, and manage their files and data securely and from anywhere with an internet connection. Investors can buy shares of these companies to participate in the growth of the cloud storage industry. These companies had the highest dollar trading volume of any Cloud Storage stocks within the last several days.

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 Commvault Systems stock traded up $2.97 on Friday, reaching $175.51. The company’s stock had a trading volume of 292,540 shares, compared to its average volume of 503,020. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 46.02 and a beta of 0.65. Commvault Systems has a 52 week low of $90.32 and a 52 week high of $180.51. The firm’s fifty day simple moving average is $162.02 and its two-hundred day simple moving average is $155.46.

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 $0.74 during mid-day trading on Friday, reaching $123.30. The company’s stock had a trading volume of 301,307 shares, compared to its average volume of 1,289,333. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. The stock has a market cap of $25.07 billion, a P/E ratio of 22.61, a PEG ratio of 2.90 and a beta of 1.23. The firm’s fifty day moving average price is $120.98 and its two-hundred day moving average price is $122.15. NetApp has a 12-month low of $83.80 and a 12-month high of $135.45.

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 up $0.11 during midday trading on Friday, reaching $3.51. 6,333,685 shares of the company traded hands, compared to its average volume of 2,182,029. Tuya has a 12 month low of $1.28 and a 12 month high of $3.66. The business has a 50 day moving average of $1.96 and a two-hundred day moving average of $1.69. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -117.43 and a beta of 0.48.

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 down $0.22 during trading hours on Friday, hitting $0.86. 5,447,726 shares of the company’s stock traded hands, compared to its average volume of 2,088,907. GoPro has a 52 week low of $0.85 and a 52 week high of $2.67. The business’s fifty day moving average price is $1.11 and its two-hundred day moving average price is $1.25. 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 $133.25 million, a P/E ratio of -0.33 and a beta of 1.51.

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 Alarm.com stock traded down $1.00 during trading hours on Friday, hitting $62.38. The company’s stock had a trading volume of 53,277 shares, compared to its average volume of 254,708. The business has a 50 day moving average price of $63.04 and a two-hundred day moving average price of $60.13. 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 company has a market cap of $3.08 billion, a PE ratio of 26.92, a PEG ratio of 3.66 and a beta of 0.98.

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 BLZE traded up $0.59 during midday trading on Friday, hitting $6.89. 286,577 shares of the company traded hands, compared to its average volume of 221,597. Backblaze has a 52 week low of $4.91 and a 52 week high of $12.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a 50 day moving average of $6.41 and a 200-day moving average of $6.46. The stock has a market cap of $305.69 million, a price-to-earnings ratio of -6.09 and a beta of 0.92.

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 $0.00 during midday trading on Friday, reaching $1.02. 6,087 shares of the stock traded hands, compared to its average volume of 53,122. Shengfeng Development has a 12 month low of $0.81 and a 12 month high of $2.23. The stock’s fifty day moving average is $1.06 and its 200-day moving average is $1.21.