Best Cloud Storage Stocks To Add to Your Watchlist – February 18th

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 refer to publicly traded companies that provide cloud storage services for businesses and individuals. These companies offer secure and scalable storage solutions for storing data online, allowing customers to access and manage their files from anywhere. Investors may look to cloud storage stocks as a way to capitalize on the growing demand for cloud-based storage solutions in today’s 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 up $1.46 on Tuesday, hitting $120.52. 1,902,361 shares of the stock were exchanged, compared to its average volume of 1,353,694. NetApp has a 52-week low of $83.80 and a 52-week high of $135.45. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.94 and a beta of 1.23. The company’s 50-day moving average price is $120.02 and its two-hundred day moving average price is $121.81.

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 $2.99 on Tuesday, hitting $187.90. 531,498 shares of the stock were exchanged, compared to its average volume of 518,110. Commvault Systems has a 52-week low of $90.32 and a 52-week high of $190.11. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 49.32 and a beta of 0.65. The company’s 50-day moving average price is $163.18 and its two-hundred day moving average price is $158.15.

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 $1.43 on Tuesday, hitting $61.54. 435,518 shares of the stock were exchanged, compared to its average volume of 275,884. Alarm.com has a 52-week low of $51.87 and a 52-week high of $77.29. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 3.82 and a beta of 0.98. The company’s 50-day moving average price is $62.47 and its two-hundred day moving average price is $59.70.

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 up $0.02 on Tuesday, hitting $3.00. 8,577,236 shares of the stock were exchanged, compared to its average volume of 3,147,860. Tuya has a 52-week low of $1.28 and a 52-week high of $3.70. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -99.83 and a beta of 0.48. The company’s 50-day moving average price is $2.15 and its two-hundred day moving average price is $1.78.

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 $0.09 on Tuesday, hitting $0.89. 8,207,893 shares of the stock were exchanged, compared to its average volume of 2,942,858. GoPro has a 52-week low of $0.77 and a 52-week high of $2.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87. The company has a market capitalization of $137.71 million, a price-to-earnings ratio of -0.31 and a beta of 1.51. The company’s 50-day moving average price is $1.05 and its two-hundred day moving average price is $1.21.