Backblaze, Inc. (BLZE)

NASDAQ: BLZE · IEX Real-Time Price · USD
4.49
-0.14 (-3.02%)
At close: Dec 7, 2022 4:00 PM
4.64
+0.15 (3.34%)
After-hours: Dec 7, 2022 7:53 PM EST
-3.02%
Market Cap 150.94M
Revenue (ttm) 80.93M
Net Income (ttm) -46.51M
Shares Out 31.99M
EPS (ttm) -1.31
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 57,187
Open 4.52
Previous Close 4.63
Day's Range 4.48 - 4.56
52-Week Range 3.82 - 24.94
Beta n/a
Analysts Buy
Price Target 11.22 (+149.9%)
Earnings Date Dec 12, 2022

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 backups... [Read more]

Industry Software-Infrastructure
IPO Date Nov 11, 2021
Employees 270
Stock Exchange NASDAQ
Ticker Symbol BLZE
Full Company Profile

Financial Performance

In 2021, Backblaze's revenue was $67.48 million, an increase of 25.46% compared to the previous year's $53.78 million. Losses were -$21.70 million, 227.7% more than in 2020.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for BLZE stock is "Buy." The 12-month stock price forecast is 11.22, which is an increase of 149.89% from the latest price.

Price Target
$11.22
(149.89% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Backblaze, Inc. (BLZE) Reports Q3 Loss, Tops Revenue Estimates

Backblaze, Inc. (BLZE) delivered earnings and revenue surprises of 3.85% and 0.47%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

4 weeks ago - Zacks Investment Research

Backblaze Launches Comprehensive Partner Program

Offers reserve pricing, online portal, and new integrations for resellers and businesses Offers reserve pricing, online portal, and new integrations for resellers and businesses

4 weeks ago - GlobeNewsWire

Backblaze Names Brian Beach Chief Technology Officer

SAN MATEO, Calif., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud company, today announced that Dr. Brian Beach has been named Chief Technology O...

1 month ago - GlobeNewsWire

Backblaze to Present at Investor Summit Group's Q4 Conference

San Mateo, California--(Newsfile Corp. - November 7, 2022) - Backblaze, Inc. (NASDAQ: BLZE), the leading independent storage cloud company, today announced they will attend the Q4 Investor Summit virtua...

1 month ago - Newsfile Corp

Backblaze, Inc. (BLZE) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Backblaze, Inc. (BLZE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Wall Street Analysts See a 222% Upside in Backblaze, Inc. (BLZE): Can the Stock Really Move This High?

The mean of analysts' price targets for Backblaze, Inc. (BLZE) points to a 221.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among a...

1 month ago - Zacks Investment Research

Backblaze Announces Preliminary Q3 2022 Results Ahead of Investor Conference

Preliminary Q3 2022 Revenue and Adjusted EBITDA Margin Exceeds Prior Guidance Preliminary Q3 2022 Revenue and Adjusted EBITDA Margin Exceeds Prior Guidance

1 month ago - GlobeNewsWire

Backblaze to Attend LD Micro Investor Conference on October 25, 2022

San Mateo, California--(Newsfile Corp. - October 11, 2022) - Backblaze, Inc. (NASDAQ: BLZE), the leading independent storage cloud platform, will be attending the LD Micro Main Event XV in Los Angeles, ...

1 month ago - Newsfile Corp

Backblaze Names Chief Human Resources Officer

Robert Fitt joins company to scale talent, leadership, and human resources programs for the leading independent storage cloud Robert Fitt joins company to scale talent, leadership, and human resources p...

2 months ago - GlobeNewsWire

Backblaze Partners with Stockperks to Reward Investors

NEW YORK--(BUSINESS WIRE)---- $BLZE #fintech--Backblaze partners with Stockperks to reward individual investors with discounted cloud storage and direct connection with $BLZE management.

2 months ago - Business Wire

Backblaze to Present at Sidoti Virtual Investor Conference on September 21, 2022

SAN MATEO, Calif., Sept. 14, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud platform, will be presenting at the Sidoti September Small Cap Virtual Investo...

2 months ago - GlobeNewsWire

Backblaze Announces Second Quarter 2022 Financial Results

45% Revenue Growth in B2 Cloud Storage, 28% Revenue Growth Overall in Q2 2022 45% Revenue Growth in B2 Cloud Storage, 28% Revenue Growth Overall in Q2 2022

3 months ago - GlobeNewsWire

Backblaze to Crowdsource Questions From Investors for Q2'22 Earnings Call on August 9

SAN MATEO, Calif., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud platform, today announced that investors holding Backblaze stock are now able t...

4 months ago - GlobeNewsWire

Backblaze Appoints Chief Marketing Officer

Kevin Gavin joins company to further elevate the brand and drive growth for the newly public independent cloud storage platform Kevin Gavin joins company to further elevate the brand and drive growth fo...

4 months ago - GlobeNewsWire

Backblaze to Announce Second Quarter 2022 Results on August 9, 2022

SAN MATEO, Calif., July 19, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud platform, will report financial results for its second quarter of 2022 (ending ...

4 months ago - GlobeNewsWire

Backblaze and Carahsoft Expand Public Sector Access to Astonishingly Easy Cloud Storage

Partnership brings Backblaze services to federal, state, and local buying programs to serve public sector CIOs seeking to optimize cloud spend Partnership brings Backblaze services to federal, state, an...

5 months ago - GlobeNewsWire

Backblaze Wins 2022 Fortress Cyber Security Award

SAN MATEO, Calif., June 09, 2022 (GLOBE NEWSWIRE) -- The Business Intelligence Group has announced that Backblaze, Inc. (Nasdaq: BLZE), the leading independent cloud storage platform, has won the 2022 F...

5 months ago - GlobeNewsWire

Backblaze Launches Automatic Data Replication to Double Business Data Resilience

New Cloud Replication service supports enterprises' expanding needs for risk management compliance, data residency and redundancy, and more New Cloud Replication service supports enterprises' expanding ...

6 months ago - GlobeNewsWire

Backblaze Launches Channel Partner Program

Combines new Channel Partner team with a package of benefits, rewards, and resources to ease partners' workload as they engage and grow cloud adoption through the channel Combines new Channel Partner te...

6 months ago - GlobeNewsWire

Backblaze to Crowdsource Questions from Retail Investors for Q1'22 Earnings Call on May 5

SAN MATEO, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), a leading independent storage cloud platform, today announced that retail investors holding Backblaze stock are now ...

7 months ago - GlobeNewsWire

Backblaze to Announce First Quarter 2022 Results on May 5, 2022

SAN MATEO, Calif., April 21, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), a leading independent storage cloud platform, will report financial results for its first quarter of 2022 (ending Ma...

7 months ago - GlobeNewsWire

Backblaze Founders Announce Limited Conversion of Class B Shares and Adoption of 10b5-1 Trading Plans

SAN MATEO, Calif., April 13, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), a leading independent storage cloud platform, announced today that the company's founders have converted a limited p...

7 months ago - GlobeNewsWire

Backblaze Launches Free Universal Data Migration Service

New Transfer Solution Establishes Easy Path From Any Source to B2 Cloud Storage New Transfer Solution Establishes Easy Path From Any Source to B2 Cloud Storage

7 months ago - GlobeNewsWire

Backblaze Announces Enhanced Partner Program

New offerings include channel-friendly package with new features and margins and a new API for Alliance Partners to provision and manage B2 Cloud Storage on behalf of customers New offerings include cha...

8 months ago - GlobeNewsWire

Backblaze and CTERA Provide All-in-one, Distributed Cloud File Storage Solution

Joint Solution Offers Easy, Cost-effective, Cloud-based Answer to the Challenges of On-premises Data Growth, Collaboration Issues, and Ransomware Threats Joint Solution Offers Easy, Cost-effective, Clou...

8 months ago - GlobeNewsWire