Promising Cloud Storage Stocks To Keep An Eye On – March 31st

As of March 31st, several cloud storage stocks have shown potential for investors. According to a recent report, the companies to watch include NetApp, Commvault Systems, Alarm.com, Tuya, Backblaze, GoPro, and Shengfeng Development. These companies are publicly traded and specialize in providing various cloud-based data storage solutions. They typically offer services such as secure data backup, remote access, and scalability in storage capacity. Their market performance is closely related to the ongoing trends in cloud computing and digital data management, and they have recently reported significant trading volumes.

NetApp (NTAP)

NetApp, Inc. is known for its cloud-led and data-centric services which manage and share data across on-premises, private, and public cloud platforms globally. The company operates in two main segments: Hybrid Cloud and Public Cloud. NetApp's offerings include software for intelligent data management like NetApp ONTAP and various infrastructure solutions such as NetApp All-Flash FAS series. Currently, NetApp’s share price is around $86.97 with a market capitalization of $17.69 billion.

Commvault Systems (CVLT)

Commvault Systems, Inc. delivers a robust data protection platform aimed at helping organizations secure and recover data both domestically and internationally. Their suite includes solutions like Commvault Backup and Recovery and Commvault Disaster Recovery, along with the service delivery model known as Metallic Data Protection. Recent trading in Commvault shows its shares reaching about $157.14, placing its market cap at $6.91 billion.

Alarm.com (ALRM)

Alarm.com Holdings, Inc. specializes in Internet of Things (IoT) solutions for a diverse market, from residential to enterprise clients. The company provides technology to control security systems and connected devices, including video monitoring capabilities. Alarm.com's stock is currently trading at $55.30, with a market capitalization of approximately $2.75 billion.

Tuya (TUYA)

Tuya Inc. operates a cloud development platform designed for IoT applications, serving a wide range of businesses worldwide. Their platform simplifies the development and management of smart devices. Tuya’s stock recently traded at $2.97, with a market cap of $1.60 billion.

Backblaze (BLZE)

Backblaze, Inc. offers cloud services that allow clients to store, use, and protect data efficiently. Their core service, Backblaze B2 Cloud Storage, facilitates data storage and application development for businesses. The company’s shares currently hover around $4.80, giving it a market cap of about $260.69 million.

GoPro (GPRO)

GoPro, Inc. is well-known for its action cameras and accessories, along with various subscription services that provide cloud storage and editing tools. As of now, GoPro’s stock price stands at $0.68, with a total market cap of $106.26 million.

Shengfeng Development (SFWL)

Shengfeng Development Limited offers logistics and cloud storage services in China. They provide solutions including freight transportation and warehouse management. The firm's shares are currently priced at $1.00, and it has a market cap of roughly $1 million.

Cloud, Storage, Stocks, Investing, Technology