Promising Cloud Storage Stocks To Add to Your Watchlist – July 13th

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 are shares of companies that provide on-demand data storage and management services over the internet. By buying these equities, investors gain exposure to the growing demand for scalable, secure, and cost-effective cloud-based storage solutions. Major examples include providers like Amazon (AWS), Microsoft (Azure) and Google Cloud, as well as specialized players such as Dropbox and Box. 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.

Shares of NTAP stock traded down $1.15 during midday trading on Friday, hitting $105.27. 1,538,114 shares of the company were exchanged, compared to its average volume of 1,914,460. The firm has a market capitalization of $21.09 billion, a P/E ratio of 18.53, a PEG ratio of 2.43 and a beta of 1.42. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.22 and a current ratio of 1.25. The firm’s 50 day moving average price is $101.93 and its two-hundred day moving average price is $103.21. NetApp has a 52 week low of $71.84 and a 52 week high of $135.45.

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 $5.02 during midday trading on Friday, hitting $165.05. 334,338 shares of the company were exchanged, compared to its average volume of 435,491. The firm has a market capitalization of $7.35 billion, a P/E ratio of 97.66 and a beta of 0.73. The firm’s 50 day moving average price is $177.91 and its two-hundred day moving average price is $167.18. CommVault Systems has a 52 week low of $119.67 and a 52 week high of $192.01.

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 $1.85 during midday trading on Friday, hitting $54.77. 288,520 shares of the company were exchanged, compared to its average volume of 378,544. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14. The firm has a market capitalization of $2.72 billion, a P/E ratio of 23.11, a PEG ratio of 2.93 and a beta of 0.99. Alarm.com has a 52 week low of $48.23 and a 52 week high of $71.98. The firm’s 50 day moving average price is $57.27 and its two-hundred day moving average price is $57.71.

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 $0.06 during trading on Friday, reaching $2.45. The company’s stock had a trading volume of 1,498,082 shares, compared to its average volume of 2,044,272. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 61.27 and a beta of 0.46. Tuya has a 12 month low of $1.28 and a 12 month high of $4.63. The firm has a 50 day moving average price of $2.51 and a 200 day moving average price of $2.62.

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 $0.03 during trading on Friday, reaching $0.79. The company’s stock had a trading volume of 2,325,335 shares, compared to its average volume of 2,780,614. The firm has a market capitalization of $124.46 million, a price-to-earnings ratio of -0.88 and a beta of 1.38. GoPro has a 12 month low of $0.40 and a 12 month high of $1.76. The firm has a 50 day moving average price of $0.72 and a 200 day moving average price of $0.77.