Backblaze, Inc. (BLZE)

NASDAQ: BLZE · IEX Real-Time Price · USD
10.85
+0.10 (0.93%)
Feb 28, 2024, 1:47 PM EST - Market open
0.93%
Market Cap 388.37M
Revenue (ttm) 96.21M
Net Income (ttm) -62.00M
Shares Out 39.15M
EPS (ttm) -1.79
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 317,768
Open 10.51
Previous Close 10.75
Day's Range 10.37 - 10.87
52-Week Range 3.50 - 11.83
Beta 1.06
Analysts Strong Buy
Price Target 12.40 (+14.6%)
Earnings Date Feb 15, 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]

Sector Technology
IPO Date Nov 11, 2021
Employees 393
Stock Exchange NASDAQ
Ticker Symbol BLZE
Full Company Profile

Financial Performance

In 2022, Backblaze's revenue was $85.16 million, an increase of 26.19% compared to the previous year's $67.48 million. Losses were -$51.40 million, 136.8% more than in 2021.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for BLZE stock is "Strong Buy." The 12-month stock price forecast is $12.4, which is an increase of 14.60% from the latest price.

Price Target
$12.4
(14.60% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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 ...

9 days ago - Invezz

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

12 days ago - GlobeNewsWire

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...

22 days ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

Other symbols: AMT
3 months ago - Business Wire

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

3 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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

6 months ago - GlobeNewsWire

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

6 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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 ...

8 months ago - GlobeNewsWire

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 — ...

10 months ago - GlobeNewsWire

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...

10 months ago - Business Wire

Backblaze to Announce First Quarter 2023 Results on May 9, 2023

SAN MATEO, Calif., April 24, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized storage cloud platform, will report financial results for its first quarter ending March 3...

11 months ago - GlobeNewsWire

Backblaze Announces Fourth Quarter and Full Year 2022 Financial Results

44% Revenue Growth in B2 Cloud Storage; 23% Revenue Growth Overall in Q4 2022 44% Revenue Growth in B2 Cloud Storage; 23% Revenue Growth Overall in Q4 2022

1 year ago - GlobeNewsWire

Backblaze Receives SOC 2 Type 2 Certification

Certification demonstrates Backblaze's ongoing commitment to rigorous and robust information security controls Certification demonstrates Backblaze's ongoing commitment to rigorous and robust informat...

1 year ago - GlobeNewsWire

Backblaze to Announce Fourth Quarter and Fiscal Year 2022 Results on February 15, 2023

SAN MATEO, Calif., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized storage cloud platform, will report financial results for its fourth quarter and fiscal yea...

1 year ago - GlobeNewsWire

Backblaze Reaffirms Guidance Ahead of Participation in Needham Growth Conference

SAN MATEO, Calif., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud platform, reiterated its outlook for fiscal Q4 of 2022 and full-year 2022.

1 year ago - GlobeNewsWire

Backblaze Opens New US East Data Region

Serves demand for storing data to more places for faster local access; offers free data egress for Cloud Replication. Serves demand for storing data to more places for faster local access; offers free...

1 year ago - GlobeNewsWire