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Cloud Storage Stocks To Add to Your Watchlist - April 6th

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NetApp, Commvault Systems, Alarm.com, Tuya, and GoPro are the five Cloud Storage stocks to watch today, according to MarketBeat's stock screener tool. Cloud storage stocks refer to the publicly traded shares of companies that offer cloud-based data storage services, enabling users to store, manage, and access their information over the internet instead of relying on physical storage devices. These stocks represent firms operating within the broader cloud computing sector, an area that benefits from increased digital transformation and the growing demand for secure remote 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.

NASDAQ NTAP traded down $5.51 during mid-day trading on Friday, reaching $76.10. 3,381,917 shares of the stock were exchanged, compared to its average volume of 1,873,957. The stock has a market capitalization of $15.48 billion, a PE ratio of 13.99, a PEG ratio of 2.45 and a beta of 1.31. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.84 and a current ratio of 0.91. NetApp has a 1-year low of $74.83 and a 1-year high of $135.45. The business's fifty day simple moving average is $105.85 and its 200 day simple moving average is $116.12.

Read Our Latest Research Report on NTAP

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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 down $13.54 during trading hours on Friday, reaching $139.35. 807,317 shares of the company's stock were exchanged, compared to its average volume of 399,543. Commvault Systems has a 52-week low of $93.48 and a 52-week high of $190.11. The company has a fifty day moving average of $165.87 and a 200-day moving average of $161.88. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 36.57 and a beta of 0.68.

Read Our Latest Research Report on CVLT

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 down $1.57 during trading hours on Friday, hitting $50.93. 693,636 shares of the company's stock were exchanged, compared to its average volume of 407,730. The business's 50 day moving average is $59.33 and its 200-day moving average is $59.40. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. Alarm.com has a 12-month low of $50.44 and a 12-month high of $71.98. The firm has a market capitalization of $2.53 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03.

Read Our Latest Research Report on ALRM

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 $0.34 during trading on Friday, reaching $2.46. The company had a trading volume of 5,495,945 shares, compared to its average volume of 1,527,867. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -81.83 and a beta of 0.43. Tuya has a 12-month low of $1.28 and a 12-month high of $4.63. The stock's 50 day moving average price is $3.29 and its two-hundred day moving average price is $2.25.

Read Our Latest Research Report on TUYA

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 GPRO traded down $0.04 during mid-day trading on Friday, reaching $0.50. The company had a trading volume of 7,887,373 shares, compared to its average volume of 2,259,895. The stock has a market cap of $79.39 million, a price-to-earnings ratio of -0.18 and a beta of 1.54. 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 fifty day simple moving average of $0.80 and a 200-day simple moving average of $1.08. GoPro has a fifty-two week low of $0.46 and a fifty-two week high of $2.10.

Read Our Latest Research Report on GPRO

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