Promising Cloud Storage Stocks To Watch Today – April 11th

by · The Cerbat Gem

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 shares in companies that offer cloud-based data storage solutions and related services. These companies, often part of the broader cloud computing sector, capitalize on the rising demand for secure, scalable, and remote data management. 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 NASDAQ NTAP traded down $0.27 during midday trading on Friday, reaching $82.01. 620,898 shares of the stock were exchanged, compared to its average volume of 1,904,179. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84. NetApp has a 12 month low of $71.84 and a 12 month high of $135.45. The business has a 50-day simple moving average of $101.04 and a two-hundred day simple moving average of $114.46. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 2.45 and a beta of 1.31.

Read Our Latest Research Report on NTAP

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 Commvault Systems stock traded down $0.75 during trading hours on Friday, hitting $150.64. The company’s stock had a trading volume of 64,309 shares, compared to its average volume of 402,443. The stock has a 50 day moving average of $164.84 and a 200 day moving average of $161.65. Commvault Systems has a 12 month low of $93.48 and a 12 month high of $190.11. The company has a market capitalization of $6.63 billion, a PE ratio of 39.34 and a beta of 0.68.

Read Our Latest Research Report on CVLT

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 down $0.06 during mid-day trading on Friday, hitting $1.97. 1,541,126 shares of the company were exchanged, compared to its average volume of 1,578,080. The firm has a market cap of $1.06 billion, a P/E ratio of -65.50 and a beta of 0.43. Tuya has a 1-year low of $1.28 and a 1-year high of $4.63. The firm’s 50 day simple moving average is $3.25 and its 200 day simple moving average is $2.28.

Read Our Latest Research Report on TUYA

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