Promising Cloud Storage Stocks To Watch Now – May 22nd

NetApp, Commvault Systems, Alarm.com, Backblaze, and Tuya 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 that provide remote data‐storage services over the internet. These firms operate massive data centers and offer scalable, on‐demand solutions for storing, securing and retrieving digital information without customers having to maintain their own physical infrastructure. Investing in cloud storage stocks lets shareholders tap into the growing demand for cloud computing and ever-increasing data volumes. 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 up $0.52 during trading on Thursday, hitting $100.09. 388,592 shares of the company’s stock traded hands, compared to its average volume of 2,052,124. The stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of 18.40, a PEG 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 company has a debt-to-equity ratio of 1.39, a quick ratio of 0.84 and a current ratio of 0.91. The business has a 50 day moving average of $89.38 and a 200-day moving average of $108.13.

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.

NASDAQ CVLT traded up $1.23 during trading on Thursday, hitting $175.63. 71,804 shares of the company’s stock traded hands, compared to its average volume of 418,655. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 46.10 and a beta of 0.71. Commvault Systems has a 12-month low of $105.76 and a 12-month high of $190.11. The business has a 50 day moving average of $162.76 and a 200-day moving average of $164.78.

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 $0.54 during trading on Thursday, hitting $57.14. 168,359 shares of the company’s stock traded hands, compared to its average volume of 362,161. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 3.59 and a beta of 1.02. Alarm.com has a 12-month low of $48.23 and a 12-month high of $71.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The business has a 50 day moving average of $54.62 and a 200-day moving average of $59.29.

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 $0.51 during midday trading on Thursday, hitting $6.07. 869,737 shares of the company traded hands, compared to its average volume of 396,399. The stock has a 50-day moving average of $4.88 and a 200-day moving average of $5.94. Backblaze has a one year low of $3.94 and a one year high of $8.08. The firm has a market cap of $333.41 million, a P/E ratio of -5.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54.

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.

Shares of TUYA traded up $0.05 during midday trading on Thursday, hitting $2.54. 992,630 shares of the company traded hands, compared to its average volume of 1,792,707. The stock has a 50-day moving average of $2.58 and a 200-day moving average of $2.40. Tuya has a one year low of $1.28 and a one year high of $4.63. The firm has a market cap of $1.37 billion, a P/E ratio of -84.17 and a beta of 0.46.