Top Cloud Storage Stocks To Add to Your Watchlist – June 14th

NetApp, Commvault Systems, Alarm.com, Tuya, Backblaze, GoPro, and Shengfeng Development are the seven Cloud Storage stocks to watch today, according to MarketBeat’s stock screener tool. Cloud storage stocks are publicly traded shares of companies that provide online data storage, backup, and file‐sharing services over the internet. Investors buy these stocks to gain exposure to the cloud computing sector, with performance driven by factors like data usage growth, cybersecurity trends, and enterprise IT spending. 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 $2.45 during trading hours on Friday, reaching $100.49. 3,515,887 shares of the company’s stock were exchanged, compared to its average volume of 1,935,114. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. The firm’s 50 day simple moving average is $93.75 and its 200 day simple moving average is $105.75. NetApp has a twelve month low of $71.84 and a twelve month high of $135.45. The firm has a market capitalization of $20.13 billion, a PE ratio of 18.47, a PEG ratio of 2.45 and a beta of 1.42.

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 down $1.47 on Friday, reaching $184.62. 371,787 shares of the company were exchanged, compared to its average volume of 425,724. Commvault Systems has a one year low of $114.15 and a one year high of $192.01. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 48.46 and a beta of 0.75. The company has a 50-day moving average of $170.69 and a 200-day moving average of $166.23.

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 $0.84 during trading hours on Friday, hitting $56.64. The company’s stock had a trading volume of 329,249 shares, compared to its average volume of 400,046. Alarm.com has a 52 week low of $48.23 and a 52 week high of $71.98. The company has a market capitalization of $2.82 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The company’s 50-day simple moving average is $55.32 and its two-hundred day simple moving average is $59.00.

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 down $0.22 during trading hours on Friday, hitting $2.52. The company’s stock had a trading volume of 1,347,600 shares, compared to its average volume of 1,925,022. Tuya has a 52 week low of $1.28 and a 52 week high of $4.63. The company has a market capitalization of $1.36 billion, a PE ratio of -83.83 and a beta of 0.47. The company’s 50-day simple moving average is $2.39 and its two-hundred day simple moving average is $2.52.

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.

NASDAQ BLZE traded down $0.23 during trading hours on Friday, hitting $5.04. The company’s stock had a trading volume of 396,587 shares, compared to its average volume of 402,358. Backblaze has a 52 week low of $3.94 and a 52 week high of $8.08. The company has a market capitalization of $276.70 million, a PE ratio of -4.54 and a beta of 1.17. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The company’s 50-day simple moving average is $5.08 and its two-hundred day simple moving average is $5.81.

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 $0.05 during trading hours on Friday, hitting $0.80. The company’s stock had a trading volume of 2,437,560 shares, compared to its average volume of 2,623,511. GoPro has a 52 week low of $0.40 and a 52 week high of $1.76. The company has a market capitalization of $125.25 million, a PE ratio of -0.28 and a beta of 1.35. 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 company’s 50-day simple moving average is $0.61 and its two-hundred day simple moving average is $0.83.

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 $0.01 during trading hours on Friday, hitting $0.98. The company’s stock had a trading volume of 6,231 shares, compared to its average volume of 50,147. Shengfeng Development has a 52 week low of $0.86 and a 52 week high of $1.60. The company’s 50-day simple moving average is $0.97 and its two-hundred day simple moving average is $1.02.