Best Cloud Storage Stocks To Watch Now – March 1st

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 represent shares in companies that offer cloud-based data storage services, enabling users to save and access data over the internet rather than on local devices. These stocks are often seen as investments in the growing technology sector that supports digital transformation, data backup, and remote collaboration initiatives. 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 $18.22 on Friday, hitting $100.00. 10,000,347 shares of the company were exchanged, compared to its average volume of 1,739,159. The firm has a 50 day moving average of $119.85 and a two-hundred day moving average of $121.86. The company has a market cap of $20.33 billion, a P/E ratio of 18.38, a P/E/G ratio of 2.45 and a beta of 1.23. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. NetApp has a 1-year low of $88.49 and a 1-year 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.

NASDAQ CVLT traded up $1.93 on Friday, hitting $170.56. 443,249 shares of the company were exchanged, compared to its average volume of 511,258. The firm has a 50 day moving average of $164.74 and a two-hundred day moving average of $159.95. The company has a market cap of $7.50 billion, a P/E ratio of 44.77 and a beta of 0.65. Commvault Systems has a 1-year low of $93.48 and a 1-year high of $190.11.

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 $0.03 on Friday, hitting $58.09. 366,604 shares of the company were exchanged, compared to its average volume of 326,823. The company has a market cap of $2.88 billion, a P/E ratio of 25.37, a P/E/G 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 current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average of $61.23 and a two-hundred day moving average of $59.50.

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 $0.29 on Friday, hitting $3.40. 4,265,590 shares of the stock were exchanged, compared to its average volume of 4,438,644. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -113.17 and a beta of 0.48. Tuya has a 52 week low of $1.28 and a 52 week high of $4.63. The company’s 50-day moving average price is $2.46 and its 200 day moving average price is $1.90.

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 $0.08 on Friday, hitting $6.54. 713,480 shares of the stock were exchanged, compared to its average volume of 350,999. The stock has a market capitalization of $290.38 million, a price-to-earnings ratio of -5.89 and a beta of 0.92. Backblaze has a 52 week low of $4.91 and a 52 week high of $12.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The company’s 50-day moving average price is $6.52 and its 200 day moving average price is $6.57.

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 $0.01 on Friday, hitting $0.75. 2,060,549 shares of the stock were exchanged, compared to its average volume of 2,927,880. The stock has a market capitalization of $115.51 million, a price-to-earnings ratio of -0.26 and a beta of 1.51. GoPro has a 52 week low of $0.73 and a 52 week high of $2.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32. The company’s 50-day moving average price is $0.99 and its 200 day moving average price is $1.18.

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 $0.00 on Friday, hitting $0.98. 25,451 shares of the stock were exchanged, compared to its average volume of 42,137. Shengfeng Development has a 52 week low of $0.81 and a 52 week high of $2.23. The company’s 50-day moving average price is $1.03 and its 200 day moving average price is $1.18.