Best Cloud Storage Stocks To Add to Your Watchlist – February 26th

NetApp, Tuya, Commvault Systems, Alarm.com, Backblaze, GoPro, and Shengfeng Development are the seven Cloud Storage stocks to watch today, according to MarketBeat’s stock screener tool. Cloud storage stocks refer to the shares of companies that provide remote data storage solutions, allowing individuals and businesses to securely save and retrieve information over the internet. These stocks are typically tied to technology firms specializing in scalable, accessible, and secure data management infrastructure, reflecting the growing demand for digital storage and cloud computing 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.

Shares of NTAP traded up $4.63 during midday trading on Wednesday, hitting $127.25. The company’s stock had a trading volume of 702,980 shares, compared to its average volume of 1,454,972. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $25.87 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. NetApp has a one year low of $86.43 and a one year high of $135.45. The company’s fifty day simple moving average is $120.07 and its two-hundred day simple moving average is $122.03.

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 stock traded up $0.03 during trading on Wednesday, hitting $3.56. The company had a trading volume of 6,321,196 shares, compared to its average volume of 4,330,236. The stock has a market cap of $1.90 billion, a PE ratio of -118.83 and a beta of 0.48. The business has a 50-day moving average of $2.36 and a 200-day moving average of $1.86. Tuya has a one year low of $1.28 and a one year high of $4.63.

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 CVLT stock traded up $5.16 during trading hours on Wednesday, reaching $174.20. The stock had a trading volume of 96,238 shares, compared to its average volume of 510,148. The stock’s fifty day simple moving average is $164.04 and its 200 day simple moving average is $159.66. Commvault Systems has a 12 month low of $93.48 and a 12 month high of $190.11. The firm has a market capitalization of $7.66 billion, a PE ratio of 45.71 and a beta of 0.65.

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 NASDAQ ALRM traded down $0.74 during midday trading on Wednesday, reaching $58.37. The company had a trading volume of 128,277 shares, compared to its average volume of 314,007. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The firm’s fifty day moving average price is $61.58 and its 200-day moving average price is $59.53. The stock has a market cap of $2.90 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 3.59 and a beta of 0.98. Alarm.com has a one year low of $51.87 and a one year high of $77.29.

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 up $0.31 on Wednesday, reaching $6.64. The company’s stock had a trading volume of 340,334 shares, compared to its average volume of 362,745. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. Backblaze has a 12-month low of $4.91 and a 12-month high of $12.65. The stock’s 50 day simple moving average is $6.51 and its two-hundred day simple moving average is $6.57. The stock has a market capitalization of $294.86 million, a P/E ratio of -5.96 and a beta of 0.92.

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.

Shares of GPRO traded up $0.02 during mid-day trading on Wednesday, hitting $0.80. 1,559,363 shares of the stock were exchanged, compared to its average volume of 2,908,619. The firm has a 50-day moving average of $1.01 and a two-hundred day moving average of $1.19. GoPro has a 52-week low of $0.76 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 has a market cap of $123.81 million, a PE ratio of -0.28 and a beta of 1.51.

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.

Shares of SFWL traded down $0.02 during midday trading on Wednesday, reaching $0.99. 24,449 shares of the stock were exchanged, compared to its average volume of 42,717. The company’s 50 day moving average is $1.03 and its two-hundred day moving average is $1.18. Shengfeng Development has a 52 week low of $0.81 and a 52 week high of $2.23.