Cloud Storage Stocks To Add to Your Watchlist – February 28th

NetApp, Commvault Systems, Tuya, Alarm.com, and Backblaze are the five Cloud Storage stocks to watch today, according to MarketBeat’s stock screener tool. Cloud storage stocks represent shares of companies that offer remote data storage services through cloud computing platforms. These companies provide scalable and accessible storage solutions, enabling businesses and individuals to store, manage, and access their data securely online, making them attractive investments in a growing digital economy. 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 $18.83 during trading on Friday, hitting $99.40. 3,995,190 shares of the stock traded hands, compared to its average volume of 1,580,681. The company has a market capitalization of $20.21 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. NetApp has a 12-month low of $88.49 and a 12-month high of $135.45. The firm has a 50-day simple moving average of $120.22 and a 200-day simple moving average of $122.02. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39.

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 $0.80 on Friday, reaching $167.84. The company’s stock had a trading volume of 84,998 shares, compared to its average volume of 501,635. The stock’s fifty day simple moving average is $164.51 and its 200-day simple moving average is $159.80. Commvault Systems has a 1 year low of $93.48 and a 1 year high of $190.11. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 44.05 and a beta of 0.65.

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 $0.28 during trading on Friday, hitting $3.41. 1,917,769 shares of the company’s stock traded hands, compared to its average volume of 4,374,996. Tuya has a 52 week low of $1.28 and a 52 week high of $4.63. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of -113.83 and a beta of 0.48. The business has a fifty day simple moving average of $2.43 and a 200 day simple moving average of $1.89.

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 $0.45 during mid-day trading on Friday, hitting $57.68. 81,600 shares of the company’s stock traded hands, compared to its average volume of 319,298. The company has a market capitalization of $2.86 billion, a P/E ratio of 25.19, a PEG ratio of 3.59 and a beta of 0.98. Alarm.com has a 1 year low of $51.87 and a 1 year high of $77.29. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The company’s 50-day moving average is $61.33 and its two-hundred day moving average is $59.51.

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.

BLZE stock traded down $0.15 during midday trading on Friday, reaching $6.31. 238,856 shares of the company traded hands, compared to its average volume of 381,587. The firm has a market capitalization of $280.16 million, a price-to-earnings ratio of -5.68 and a beta of 0.92. Backblaze has a 52-week low of $4.91 and a 52-week high of $12.65. The business has a 50 day moving average of $6.52 and a 200-day moving average of $6.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54.