Backblaze, Inc. (BLZE)
Market Cap | 383.98M |
Revenue (ttm) | 102.02M |
Net Income (ttm) | -59.71M |
Shares Out | 41.20M |
EPS (ttm) | -1.66 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 198,637 |
Open | 9.35 |
Previous Close | 9.27 |
Day's Range | 9.25 - 9.57 |
52-Week Range | 3.50 - 12.65 |
Beta | 1.20 |
Analysts | Strong Buy |
Price Target | 14.00 (+50.22%) |
Earnings Date | May 8, 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,... [Read more]
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.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for BLZE stock is "Strong Buy." The 12-month stock price forecast is $14.0, which is an increase of 50.22% from the latest price.
News
Backblaze to Announce First Quarter 2024 Results on May 8, 2024
SAN MATEO, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized cloud storage platform, will report financial results for its first quarter ending March 3...
Backblaze Enables Automated Cloud Workflows With Event Notifications
New service powers instant data updates across tech stack tools to streamline developer, IT, and media team workloads New service powers instant data updates across tech stack tools to streamline deve...
Backblaze Completes Trusted Partner Network Assessment, Receiving Blue Shield Status
Leading specialized cloud storage platform joins Motion Picture Association security initiative to advance trust and best practices as media workflows move to the cloud Leading specialized cloud stora...
Backblaze Launches Next-Gen Cloud Workflow Tools, Security Announcements, and More at NAB 2024
SAN MATEO, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- In booth SL7077 at the 2024 NAB Show, Backblaze Inc. (BLZE), the leading specialized storage cloud, will showcase a range of new features, functio...
Backblaze Achieves StateRAMP Progressing Snapshot and TX-RAMP Provisional Authorizations
Cybersecurity assessments aid education and government entities in improving security posture with Backblaze products Cybersecurity assessments aid education and government entities in improving secur...
Backblaze's Solutions Now Available on Carahsoft's NASPO ValuePoint Contract
Contract Addition Streamlines Procurement for Affordable Cloud Storage Solutions Contract Addition Streamlines Procurement for Affordable Cloud Storage Solutions
Backblaze (BLZE) stock price has broken out: more upside?
Backblaze (NASDAQ: BLZE) stock price formed a god candle on Friday as investors cheered its strong financial results. The shares jumped to a high of $11.85 on Friday, its highest point since February ...
Backblaze Announces Fourth Quarter and Full Year 2023 Financial Results
47% Revenue Growth in B2 Cloud Storage, 25% Revenue Growth Overall in Q4 2023 47% Revenue Growth in B2 Cloud Storage, 25% Revenue Growth Overall in Q4 2023
Backblaze Launches Powered by Backblaze to Enable Platform Providers to Offer Cloud Storage
New program offers features including Custom Domains and Partner API to enable businesses to seamlessly provide cloud storage for their customers New program offers features including Custom Domains a...
Backblaze to Announce Fourth Quarter and Fiscal Year 2023 Results on February 15, 2024
SAN MATEO, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized cloud storage platform, will report financial results for its fourth quarter and fiscal yea...
Backblaze Names David Ngo Chief Product Officer
Technology executive joins company leadership team to accelerate innovation and growth for the leading specialized cloud storage platform Technology executive joins company leadership team to accelera...
Backblaze Launches Enterprise Control to Support Advanced Administration and Data Protection Needs
New workstation backup feature set meets enterprises' needs for heightened business continuity and data security standards New workstation backup feature set meets enterprises' needs for heightened bu...
Backblaze Serves Demand for Storing Data in More Places with CoreSite's Colocation and Connectivity Solutions
DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced that the leading specialized clou...
Backblaze Announces Third Quarter 2023 Financial Results
31% Revenue Growth in B2 Cloud Storage, 15% Revenue Growth Overall in Q3 2023 31% Revenue Growth in B2 Cloud Storage, 15% Revenue Growth Overall in Q3 2023
Backblaze Improves Performance with Breakthrough Storage Cloud Innovation
Small file uploads now faster than AWS S3, increasing savings and security and decreasing workloads for customers Small file uploads now faster than AWS S3, increasing savings and security and decreas...
Backblaze and HYCU Team Up to Protect Critical Workloads for On-Prem and Hybrid Cloud Environments
Companies help joint customers safeguard data across platforms at a fraction of the cost Companies help joint customers safeguard data across platforms at a fraction of the cost
Backblaze to Announce Third Quarter 2023 Results on November 8, 2023
SAN MATEO, Calif., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized storage cloud platform, will report financial results for its third quarter ending Septembe...
Backblaze Debuts Computer Backup v9.0 Including Restore App
Latest version simplifies data restore process, adds additional features Latest version simplifies data restore process, adds additional features
Qencode and Backblaze Scale Up With Integrated Cloud Storage Powered by Backblaze B2 Partner API
Partnership brings a new level of efficiency and flexibility to video transcoding Partnership brings a new level of efficiency and flexibility to video transcoding
Backblaze Improves 2023 Financial Guidance
SAN MATEO, Calif., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized cloud storage provider, today announced an update to its annual guidance for 2023 as a resu...
Backblaze Taps Chris Opat to Lead Cloud Operations
Industry leader joins company to further drive strategy and growth for the leading specialized cloud storage platform Industry leader joins company to further drive strategy and growth for the leading...
Backblaze to Announce Second Quarter 2023 Results on August 8, 2023
SAN MATEO, Calif., July 18, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized storage cloud platform, will report financial results for its second quarter ending June 30...
Backblaze Stockholders Approve Plan to Eliminate Dual-Class Share Structure
Conversion of Class B Common Stock into Class A Common Stock Results in Single Class With Equal Voting Rights Conversion of Class B Common Stock into Class A Common Stock Results in Single Class With ...
Continuity Centers Announces Cloud Instant Business Recovery, Built on Backblaze B2 Cloud Storage
Cloud IBR helps businesses of all sizes prepare for and recover from disaster — from ransomware to natural catastrophes Cloud IBR helps businesses of all sizes prepare for and recover from disaster — ...
Vultr Partners with Backblaze to Provide Flexible and Cost-Effective Access to Powerful Cloud Compute and Cloud Storage Infrastructure for Developers
SAN MATEO, Calif. & WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Vultr, the world's largest privately-held cloud computing company, and Backblaze (Nasdaq: BLZE), a leading specialized storage platform, ann...