Backblaze (BLZE) to Release Quarterly Earnings on Wednesday

Backblaze (NASDAQ:BLZE - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect Backblaze to post earnings of ($0.06) per share and revenue of $34.24 million for the quarter.

Backblaze Stock Up 2.3 %

Shares of NASDAQ BLZE traded up $0.11 during mid-day trading on Monday, hitting $4.65. The company had a trading volume of 134,376 shares, compared to its average volume of 392,839. The company has a market capitalization of $252.22 million, a PE ratio of -4.19 and a beta of 1.02. The business's 50-day simple moving average is $5.03 and its 200 day simple moving average is $6.11. Backblaze has a 1-year low of $3.94 and a 1-year high of $10.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Needham & Company LLC started coverage on shares of Backblaze in a research note on Tuesday, March 11th. They issued a "buy" rating and a $8.00 price target for the company. B. Riley dropped their price target on Backblaze from $11.50 to $11.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Finally, Lake Street Capital reduced their price target on shares of Backblaze from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $10.83.

About Backblaze

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.