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S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
See how to make money instead of spending it on Black Friday with this offer (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
See how to make money instead of spending it on Black Friday with this offer (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
See how to make money instead of spending it on Black Friday with this offer (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
NASDAQ:BLZE

Backblaze - BLZE Stock Forecast, Price & News

4.05
-0.19 (-4.48%)
(As of 11/25/2022 08:57 PM ET)
Add
Compare
Today's Range
4.05
4.24
50-Day Range
3.84
5.93
52-Week Range
3.82
26.50
Volume
43,700 shs
Average Volume
119,188 shs
Market Capitalization
$132.03 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
14.20

Backblaze MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
250.6% Upside
14.20 Price Target
Short Interest
Healthy
1.86% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.17mentions of Backblaze in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$384,590 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From -1.60 to -1.72 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

Computer And Technology Sector

320th out of 633 stocks

Prepackaged Software Industry

120th out of 221 stocks

BLZE stock logo

About Backblaze (NASDAQ:BLZE) Stock

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, multi-cloud, application development, and ransomware protection. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.

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BLZE Stock News Headlines

Brokerages Set Backblaze, Inc. (NASDAQ:BLZE) Price Target at 14.20
Backblaze (NASDAQ:BLZE) Price Target Cut to $8.50
Backblaze Announces Third Quarter 2022 Financial Results
Backblaze Launches Comprehensive Partner Program
Backblaze Names Brian Beach Chief Technology Officer
Backblaze Names Chief Human Resources Officer
Backblaze Partners with Stockperks to Reward Investors
See More Headlines
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BLZE Company Calendar

Last Earnings
12/13/2021
Today
11/28/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/16/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:BLZE
Employees
270
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
14.20
High Stock Price Forecast
30.00
Low Stock Price Forecast
8.50
Forecasted Upside/Downside
+250.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$-21,700,000.00
Pretax Margin
-57.61%

Debt

Sales & Book Value

Annual Sales
$67.48 million
Book Value
2.35 per share

Miscellaneous

Free Float
13,571,000
Market Cap
$132.03 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Gleb Budman (Age 47)
    Co-Founder, CEO & Chairman
    Comp: $430.75k
  • Mr. Francis P. Patchel (Age 64)
    Chief Financial Officer
    Comp: $430.75k
  • Mr. Brian Wilson (Age 54)
    Chief Technology Officer
    Comp: $430.75k
  • Mr. Tim Nufire (Age 57)
    Chief Cloud Officer & Director
  • Mr. James Martin Kisner C.F.A.
    III, VP of Investor Relations
  • Mr. Thomas L. MacMitchell Esq.
    Gen. Counsel & Chief Compliance Officer
  • Mr. Nilay Patel
    VP of Sales
  • Mr. Kevin Gavin (Age 63)
    Chief Marketing Officer
  • Mr. Robert Fitt
    Chief HR Officer
  • Mr. Mark Potter
    Chief Information Security Officer













BLZE Stock - Frequently Asked Questions

Should I buy or sell Backblaze stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Backblaze in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BLZE shares.
View BLZE analyst ratings
or view top-rated stocks.

What is Backblaze's stock price forecast for 2023?

6 analysts have issued 1-year price targets for Backblaze's stock. Their BLZE share price forecasts range from 8.50 to 30.00. On average, they anticipate the company's stock price to reach 14.20 in the next twelve months. This suggests a possible upside of 250.6% from the stock's current price.
View analysts price targets for BLZE
or view top-rated stocks among Wall Street analysts.

How have BLZE shares performed in 2022?

Backblaze's stock was trading at 16.89 at the beginning of the year. Since then, BLZE stock has decreased by 76.0% and is now trading at 4.05.
View the best growth stocks for 2022 here
.

When is Backblaze's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our BLZE earnings forecast
.

How were Backblaze's earnings last quarter?

Backblaze, Inc. (NASDAQ:BLZE) posted its earnings results on Monday, December, 13th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $0.14. The company earned $17.32 million during the quarter, compared to analyst estimates of $17.02 million. Backblaze had a negative net margin of 57.47% and a negative trailing twelve-month return on equity of 54.31%.

What guidance has Backblaze issued on next quarter's earnings?

Backblaze issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $22.50 million-$22.90 million, compared to the consensus revenue estimate of $22.66 million.

When did Backblaze IPO?

(BLZE) raised $101 million in an initial public offering on Thursday, November 11th 2021. The company issued 6,300,000 shares at a price of $15.00-$17.00 per share. Oppenheimer & Co., William Blair and Raymond James acted as the underwriters for the IPO and JMP Securities, Lake Street and B. Riley Securities were co-managers.

What is Backblaze's stock symbol?

Backblaze trades on the NASDAQ under the ticker symbol "BLZE."

Who are Backblaze's major shareholders?

Backblaze's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (1.64%), Renaissance Technologies LLC (0.29%), Perkins Capital Management Inc. (0.23%), Citadel Advisors LLC (0.00%) and Victory Capital Management Inc. (0.11%). Insiders that own company stock include Brian K Wilson, Charles J Jones, Francis P Patchel and Kwok Hang Ng.
View institutional ownership trends
.

How do I buy shares of Backblaze?

Shares of BLZE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Backblaze's stock price today?

One share of BLZE stock can currently be purchased for approximately 4.05.

How much money does Backblaze make?

Backblaze (NASDAQ:BLZE) has a market capitalization of $132.03 million and generates $67.48 million in revenue each year. The company earns $-21,700,000.00 in net income (profit) each year or -1.56 on an earnings per share basis.

How many employees does Backblaze have?

The company employs 270 workers across the globe.

How can I contact Backblaze?

The official website for the company is www.backblaze.com. The company can be reached via phone at 650-352-3738, via email at ir@backblaze.com, or via fax at 650-472-8095.

This page (NASDAQ:BLZE) was last updated on 11/28/2022 by MarketBeat.com Staff