Cloud Storage Stocks Worth Watching – March 12th

NetApp, Commvault Systems, Tuya, Alarm.com, GoPro, 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 publicly traded companies that provide cloud-based data storage services, allowing users and businesses to store and access data over the internet. These stocks are influenced by the growth of the cloud computing industry and include companies managing large-scale data centers, network infrastructure, and related technologies. 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 up $0.46 during mid-day trading on Wednesday, reaching $91.38. 560,598 shares of the company traded hands, compared to its average volume of 1,849,137. The company has a fifty day moving average price of $116.44 and a 200-day moving average price of $119.89. NetApp has a 52-week low of $90.08 and a 52-week high of $135.45. The company has a market capitalization of $18.59 billion, a P/E ratio of 16.82, a P/E/G ratio of 2.45 and a beta of 1.24. 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 CVLT stock traded up $2.18 during trading hours on Wednesday, reaching $154.13. The stock had a trading volume of 199,980 shares, compared to its average volume of 370,113. The stock’s fifty day simple moving average is $165.24 and its 200 day simple moving average is $160.50. The firm has a market capitalization of $6.78 billion, a PE ratio of 40.77 and a beta of 0.62. Commvault Systems has a 12 month low of $93.48 and a 12 month high of $190.11.

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.

NYSE:TUYA traded up $0.11 during trading hours on Wednesday, hitting $4.03. The stock had a trading volume of 2,037,058 shares, compared to its average volume of 1,327,408. The company has a 50 day simple moving average of $2.71 and a two-hundred day simple moving average of $2.01. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -134.83 and a beta of 0.39. Tuya has a one year low of $1.28 and a one year high of $4.63.

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 ALRM stock traded down $0.06 on Wednesday, reaching $58.43. The company’s stock had a trading volume of 96,356 shares, compared to its average volume of 377,270. Alarm.com has a 12-month low of $51.87 and a 12-month high of $75.39. The stock’s 50 day simple moving average is $60.79 and its 200-day simple moving average is $59.44. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $2.90 billion, a P/E ratio of 25.54, a PEG 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.

Shares of NASDAQ:GPRO traded up $0.04 on Wednesday, hitting $0.70. The company’s stock had a trading volume of 1,694,997 shares, compared to its average volume of 2,993,078. The company has a market capitalization of $107.71 million, a PE ratio of -0.25 and a beta of 1.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87. The company has a 50-day simple moving average of $0.93 and a 200 day simple moving average of $1.15. GoPro has a 1 year low of $0.64 and a 1 year high of $2.40.

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 stock traded up $0.04 during trading on Wednesday, hitting $5.14. The company had a trading volume of 87,303 shares, compared to its average volume of 354,166. Backblaze has a 52 week low of $4.91 and a 52 week high of $11.06. The stock has a market capitalization of $227.99 million, a price-to-earnings ratio of -4.59 and a beta of 0.89. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average is $6.43 and its two-hundred day moving average is $6.53.

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.

NASDAQ SFWL traded up $0.03 during trading hours on Wednesday, reaching $1.01. 5,696 shares of the stock traded hands, compared to its average volume of 36,735. The stock has a 50 day simple moving average of $1.02 and a two-hundred day simple moving average of $1.16. Shengfeng Development has a 1 year low of $0.81 and a 1 year high of $2.23.