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Backblaze (BLZE) Expected to Announce Quarterly Earnings on Wednesday

Backblaze logo with Computer and Technology background

Backblaze (NASDAQ:BLZE - Get Free Report) is expected to post its Q1 2025 quarterly earnings results 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 Trading Up 1.8 %

Shares of BLZE traded up $0.08 during trading hours on Friday, hitting $4.54. The company had a trading volume of 183,410 shares, compared to its average volume of 393,057. Backblaze has a 52-week low of $3.94 and a 52-week high of $10.00. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock's 50 day moving average price is $5.03 and its 200 day moving average price is $6.13. The firm has a market cap of $246.52 million, a P/E ratio of -4.09 and a beta of 1.02.

Wall Street Analysts Forecast Growth

BLZE has been the subject of several recent research reports. B. Riley lowered their price objective on Backblaze from $11.50 to $11.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Needham & Company LLC started coverage on shares of Backblaze in a research report on Tuesday, March 11th. They set a "buy" rating and a $8.00 price target for the company. Finally, Lake Street Capital cut their price target on shares of Backblaze from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $10.83.

Read Our Latest Report on Backblaze

Backblaze Company Profile

(Get Free Report)

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.

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Earnings History for Backblaze (NASDAQ:BLZE)

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