Promising Cloud Storage Stocks To Keep An Eye On – August 13th

CommVault Systems, NetApp, Alarm.com, Backblaze, and GoPro 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 and management services over the internet. Investors in these stocks gain exposure to firms offering scalable, on-demand digital storage, subscription-based pricing models, and enterprise-grade security. The performance of cloud storage stocks often tracks broader trends in data growth, digital transformation, and the adoption of cloud computing. These companies had the highest dollar trading volume of any Cloud Storage stocks within the last several days.

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 CommVault Systems stock traded up $0.84 during trading hours on Wednesday, reaching $193.48. 177,974 shares of the company’s stock were exchanged, compared to its average volume of 495,033. The business has a fifty day moving average of $177.87 and a two-hundred day moving average of $170.20. CommVault Systems has a 1 year low of $128.07 and a 1 year high of $200.68. The company has a market capitalization of $8.60 billion, a P/E ratio of 107.32 and a beta of 0.70.

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 traded up $0.47 during mid-day trading on Wednesday, hitting $108.25. 300,237 shares of the company’s stock were exchanged, compared to its average volume of 2,026,779. The company has a market cap of $21.69 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 2.44 and a beta of 1.44. NetApp has a fifty-two week low of $71.84 and a fifty-two week high of $135.45. 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 stock’s 50-day moving average is $104.90 and its 200-day moving average is $101.05.

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 traded up $1.54 during mid-day trading on Wednesday, hitting $56.54. 96,554 shares of the company’s stock were exchanged, compared to its average volume of 346,870. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 2.82 and a beta of 0.97. Alarm.com has a fifty-two week low of $48.23 and a fifty-two week high of $70.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.82 and a current ratio of 1.95. The stock’s 50-day moving average is $56.26 and its 200-day moving average is $56.81.

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 down $0.01 during mid-day trading on Wednesday, hitting $7.86. 445,298 shares of the company’s stock were exchanged, compared to its average volume of 455,109. The stock’s 50-day moving average is $5.49 and its 200-day moving average is $5.52. The company has a market cap of $431.51 million, a price-to-earnings ratio of -8.81 and a beta of 1.13. Backblaze has a fifty-two week low of $3.94 and a fifty-two week high of $8.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.08 and a current ratio of 1.08.

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 up $0.02 during mid-day trading on Wednesday, hitting $1.28. The stock had a trading volume of 2,275,958 shares, compared to its average volume of 6,226,701. The stock has a 50-day simple moving average of $0.98 and a two-hundred day simple moving average of $0.79. The company has a market capitalization of $200.88 million, a PE ratio of -1.83 and a beta of 1.40. GoPro has a twelve month low of $0.40 and a twelve month high of $2.37.