Cloud Storage Stocks Worth Watching – May 15th

NetApp, Commvault Systems, Alarm.com, Tuya, 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 via internet-connected servers, enabling individuals and businesses to store, back up and access files without maintaining on-premises hardware. Investors buy these stocks to gain exposure to the rapidly growing demand for scalable, pay-as-you-go cloud computing and data-center services. 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 down $0.23 during trading on Thursday, hitting $99.42. The company’s stock had a trading volume of 522,247 shares, compared to its average volume of 1,917,188. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. NetApp has a twelve month low of $71.84 and a twelve month high of $135.45. The stock’s fifty day moving average price is $88.46 and its 200-day moving average price is $108.74. The firm has a market capitalization of $20.22 billion, a P/E ratio of 18.25, a PEG 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 up $0.71 during trading on Thursday, reaching $180.42. 172,177 shares of the stock were exchanged, compared to its average volume of 416,680. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 47.36 and a beta of 0.71. The stock has a fifty day moving average of $159.63 and a two-hundred day moving average of $163.90. Commvault Systems has a 1-year low of $105.76 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 $0.60 on Thursday, reaching $59.36. The company had a trading volume of 49,996 shares, compared to its average volume of 421,108. The stock has a market capitalization of $2.95 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.59 and a beta of 1.02. The company’s fifty day moving average is $54.59 and its 200 day moving average is $59.13. Alarm.com has a 52-week low of $48.23 and a 52-week high of $71.98. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35.

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 $0.17 during trading on Thursday, reaching $2.66. The company’s stock had a trading volume of 1,039,068 shares, compared to its average volume of 1,744,686. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -88.53 and a beta of 0.46. The firm has a 50 day moving average of $2.71 and a 200-day moving average of $2.37. Tuya has a 12 month low of $1.28 and a 12 month high of $4.63.

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.

GPRO traded down $0.01 during trading hours on Thursday, hitting $0.61. The stock had a trading volume of 2,005,743 shares, compared to its average volume of 2,475,427. The company’s fifty day simple moving average is $0.61 and its 200 day simple moving average is $0.93. The stock has a market cap of $95.24 million, a PE ratio of -0.21 and a beta of 1.39. GoPro has a 1 year low of $0.40 and a 1 year high of $1.80. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.