How to send data from one Blazor component to another

I have a very basic component that fetches students lists and displays them, as you can see below:

@if(result == null) {<p> No students found </p>}else{  @foreach (var person in result){<b> @person.name </b>  }}@code {  [Parameter] public string Token { get; set; }   [Parameter] public string StudentsUrl { get; set; }   StudentsModel result;       protected override async Task OnInitializedAsync()  {    using (HttpClient client = new HttpClient())    {      client.DefaultRequestHeaders.Accept.Add(        new System.Net.Http.Headers.MediaTypeWithQualityHeaderValue("application/json")      );      client.DefaultRequestHeaders.Authorization = new AuthenticationHeaderValue("Basic", Convert.ToBase64String(          System.Text.ASCIIEncoding.ASCII.GetBytes(            string.Format("{0}:{1}", "", Token)          )        )      );      HttpResponseMessage response = client.GetAsync(StudentsUrl).Result;      response.EnsureSuccessStatusCode();      string responseData = await response.Content.ReadAsStringAsync();       result = JsonConvert.DeserializeObject<StudentsModel>(responseData);    }  }}

The component does it job well, but I need to use the data shown below in another component.The other component has a dropdown (<select> </select> tags) and inside these tags I want to display users list (i.e. @person.name)

So, my question is how do I avoid fetching the same API twice in two different components and simple use the data that is generated in this class, so I can use it in another component.