Best Cloud Storage Stocks To Watch Now – July 18th

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 that provide on-demand, internet-based data storage, backup, and management services. These firms typically earn revenue through subscription or usage-based fees for scalable, secure storage solutions hosted in geographically distributed data centers. Investors in this space look at trends in digital data growth, cloud adoption rates, and cybersecurity demand to gauge potential performance. 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.

NTAP traded up $1.37 during trading on Friday, hitting $108.62. The company’s stock had a trading volume of 494,113 shares, compared to its average volume of 1,905,551. NetApp has a twelve month low of $71.84 and a twelve month high of $135.45. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39. The stock’s fifty day moving average price is $102.87 and its 200-day moving average price is $102.97. The firm has a market capitalization of $21.76 billion, a P/E ratio of 19.12, a PEG ratio of 2.40 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 NASDAQ:CVLT traded up $0.52 during trading on Friday, reaching $171.37. 98,270 shares of the stock were exchanged, compared to its average volume of 433,157. CommVault Systems has a 1-year low of $119.67 and a 1-year high of $192.01. The stock has a fifty day moving average of $177.51 and a two-hundred day moving average of $167.50. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 101.50 and a beta of 0.73.

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 NASDAQ:ALRM traded down $0.06 during trading on Friday, reaching $55.46. 58,916 shares of the stock were exchanged, compared to its average volume of 375,241. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.14 and a quick ratio of 2.01. Alarm.com has a 1-year low of $48.23 and a 1-year high of $71.98. The stock has a fifty day moving average of $57.34 and a two-hundred day moving average of $57.54. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 2.93 and a beta of 0.99.

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 NYSE:TUYA traded up $0.05 during trading on Friday, reaching $2.54. 919,964 shares of the stock were exchanged, compared to its average volume of 2,065,527. Tuya has a 1-year low of $1.28 and a 1-year high of $4.63. The stock has a fifty day moving average of $2.53 and a two-hundred day moving average of $2.63. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 63.39 and a beta of 0.46.

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 up $0.03 on Friday, reaching $5.31. The company had a trading volume of 220,482 shares, compared to its average volume of 384,518. The stock has a market capitalization of $291.24 million, a P/E ratio of -5.25 and a beta of 1.14. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average is $5.43 and its 200 day moving average is $5.59. Backblaze has a 52-week low of $3.94 and a 52-week high of $8.08.