Backblaze, Inc. (BLZE)

Market Cap	276.61M
Revenue (ttm)	122.58M
Net Income (ttm)	-46.36M
Shares Out	44.40M
EPS (ttm)	-1.37
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	160,562
Open	6.30
Previous Close	6.31
Day's Range	6.16 - 6.36
52-Week Range	4.91 - 12.65
Beta	0.99
Analysts	Strong Buy
Price Target	11.50 (+84.59%)
Earnings Date	Nov 7, 2024

About 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. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public,...

• Industry: Software - Infrastructure
• Sector: Technology
• IPO Date: Nov 11, 2021
• Employees: 381
• Stock Exchange: NASDAQ
• Ticker Symbol: BLZE
• Website: https://www.backblaze.com

Financial Performance

In 2023, Backblaze's revenue was $102.02 million, an increase of 19.80% compared to the previous year's $85.16 million. Losses were -$59.71 million, 16.2% more than in 2022.

Analyst Forecast

According to 4 analysts, the average rating for BLZE stock is "Strong Buy." The 12-month stock price forecast is $11.5, which is an increase of 84.59% from the latest price.

Price Target

$11.5

(84.59% upside)

Analyst Consensus: Strong Buy