Cloud Storage Stocks To Research – March 4th

NetApp, Commvault Systems, and Tuya are the three Cloud Storage stocks to watch today, according to MarketBeat’s stock screener tool. Cloud storage stocks refer to publicly traded companies that develop, provide, and manage online data storage services using cloud computing technology. Investors view these stocks as part of the broader tech sector, often attracted by the growing demand for scalable, secure, and cost-effective data storage solutions in an increasingly digital world. 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 $1.81 on Tuesday, hitting $93.92. 887,754 shares of the company’s stock traded hands, compared to its average volume of 1,758,221. The company’s 50 day simple moving average is $119.41 and its 200-day simple moving average is $121.54. 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 one year low of $92.59 and a one year high of $135.45. The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 2.45 and a beta of 1.24.

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.

CVLT traded down $1.82 during trading on Tuesday, reaching $162.39. 111,440 shares of the company traded hands, compared to its average volume of 498,846. The company has a market cap of $7.14 billion, a P/E ratio of 42.46 and a beta of 0.65. Commvault Systems has a 12-month low of $93.48 and a 12-month high of $190.11. The firm has a fifty day simple moving average of $164.90 and a 200 day simple moving average of $160.19.

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.

Shares of NYSE:TUYA traded down $0.06 during midday trading on Tuesday, reaching $3.17. 1,710,301 shares of the company were exchanged, compared to its average volume of 4,349,462. The stock has a market cap of $1.69 billion, a PE ratio of -105.17 and a beta of 0.48. The business’s fifty day moving average is $2.49 and its two-hundred day moving average is $1.92. Tuya has a one year low of $1.28 and a one year high of $4.63.