Best Cloud Storage Stocks To Research – May 9th

NetApp, Commvault Systems, Alarm.com, Tuya, and Backblaze are the five Cloud Storage stocks to watch today, according to MarketBeat’s stock screener tool. Cloud storage stocks are shares of publicly traded companies whose primary business is providing data storage and management services over the internet (“the cloud”) rather than through on-premises hardware. These companies rent out virtual space and bandwidth on remote servers, often with features like automatic backups, encryption, and scalability. Investors buy cloud storage stocks to gain exposure to the growing demand for outsourced, scalable data solutions. 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.

NetApp stock traded down $0.11 during mid-day trading on Friday, hitting $94.33. The company had a trading volume of 278,152 shares, compared to its average volume of 1,924,489. 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 company has a market capitalization of $19.19 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 2.45 and a beta of 1.40. NetApp has a 12 month low of $71.84 and a 12 month high of $135.45. The stock’s 50 day moving average price is $88.12 and its two-hundred day moving average price is $109.34.

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.

Commvault Systems stock traded down $2.43 during midday trading on Friday, reaching $172.36. 101,743 shares of the company traded hands, compared to its average volume of 414,215. The business has a 50 day moving average of $158.89 and a two-hundred day moving average of $162.82. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 45.24 and a beta of 0.71. Commvault Systems has a 12 month low of $105.76 and a 12 month 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.

ALRM traded up $0.83 during trading on Friday, hitting $56.14. 185,624 shares of the company traded hands, compared to its average volume of 419,253. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. Alarm.com has a 1 year low of $48.23 and a 1 year high of $71.98. The stock’s 50-day simple moving average is $54.57 and its two-hundred day simple moving average is $59.00. The company has a market cap of $2.79 billion, a PE ratio of 24.52, a P/E/G ratio of 3.59 and a beta of 1.02.

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.

TUYA stock traded down $0.09 during mid-day trading on Friday, reaching $2.32. The company had a trading volume of 556,839 shares, compared to its average volume of 1,700,094. The firm has a 50 day moving average of $2.79 and a 200 day moving average of $2.34. The company has a market capitalization of $1.25 billion, a PE ratio of -77.33 and a beta of 0.46. Tuya has a 12 month low of $1.28 and a 12 month high of $4.63.

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 traded down $0.03 on Friday, hitting $5.22. The company had a trading volume of 136,078 shares, compared to its average volume of 394,782. Backblaze has a 12-month low of $3.94 and a 12-month high of $9.44. The stock has a fifty day moving average price of $4.89 and a 200-day moving average price of $6.06. 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 stock has a market capitalization of $283.45 million, a price-to-earnings ratio of -4.70 and a beta of 1.03.