Best Cloud Storage Stocks To Keep An Eye On – May 14th

NetApp, Commvault Systems, and Tuya are the three Cloud Storage stocks to watch today, according to MarketBeat’s stock screener tool. Cloud storage stocks are shares of publicly traded companies that provide online, scalable data storage and management services over the internet. Investors buy these stocks to gain exposure to firms that enable individuals and businesses to store, access and secure digital information remotely rather than on local hardware. 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 traded up $0.35 during mid-day trading on Wednesday, reaching $99.88. The company had a trading volume of 359,107 shares, compared to its average volume of 1,920,336. The company’s 50 day simple moving average is $88.34 and its 200 day simple moving average is $108.81. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.84 and a current ratio of 0.91. NetApp has a 1-year low of $71.84 and a 1-year high of $135.45. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 2.45 and a beta of 1.40.

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 down $0.69 during mid-day trading on Wednesday, hitting $180.64. The company had a trading volume of 147,472 shares, compared to its average volume of 416,308. The company has a market capitalization of $7.97 billion, a PE ratio of 47.41 and a beta of 0.71. The firm has a fifty day moving average price of $159.63 and a 200 day moving average price of $163.90. Commvault Systems has a one year low of $105.76 and a one year high of $190.11.

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 traded up $0.12 during mid-day trading on Wednesday, reaching $2.83. 2,073,571 shares of the stock were exchanged, compared to its average volume of 1,735,834. The company has a 50 day moving average price of $2.74 and a two-hundred day moving average price of $2.36. The stock has a market capitalization of $1.52 billion, a PE ratio of -94.17 and a beta of 0.46. Tuya has a 1 year low of $1.28 and a 1 year high of $4.63.