NASDAQ:BLZE

Backblaze (BLZE) Stock Price, News & Analysis

$9.32
0.00 (0.00%)
(As of 04/24/2024 ET)
Today's Range
$9.21
$9.43
50-Day Range
$8.15
$11.83
52-Week Range
$3.50
$12.65
Volume
101,666 shs
Average Volume
367,741 shs
Market Capitalization
$383.98 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.00

Backblaze MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
50.2% Upside
$14.00 Price Target
Short Interest
Healthy
4.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.38mentions of Backblaze in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$851,676 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.12) to ($0.85) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.82 out of 5 stars

Computer And Technology Sector

323rd out of 581 stocks

Prepackaged Software Industry

115th out of 197 stocks

BLZE stock logo

About Backblaze Stock (NASDAQ: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, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. 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.

BLZE Stock Price History

BLZE Stock News Headlines

Backblaze, Inc. (BLZE)
Pentagon contract could send this $2 AI stock soaring
Whenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...
Backblaze Inc Class A
Assessing Backblaze: Insights From 4 Financial Analysts
Pentagon contract could send this $2 AI stock soaring
Whenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...
BLZE Oct 2024 20.000 call
BLZE May 2024 15.000 call
Backblaze Inc CEO Gleb Budman Sells 150,000 Shares
BLZE Mar 2024 12.500 put
MVIS, IRDM and GRTS are among after hour movers
BLZE Mar 2024 10.000 call
Why Backblaze Stock Skyrocketed Today
Why Backblaze Stock Skyrocketed Today
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:BLZE
Employees
393
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.00
High Stock Price Target
$18.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+50.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-59,710,000.00
Pretax Margin
-58.53%

Debt

Sales & Book Value

Annual Sales
$102.02 million
Book Value
$1.15 per share

Miscellaneous

Free Float
39,058,000
Market Cap
$384.40 million
Optionable
Optionable
Beta
1.20
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Key Executives

  • Mr. Gleb Budman (Age 49)
    Co-Founder, CEO & Chairman
    Comp: $429.87k
  • Mr. Tim Nufire (Age 59)
    Co-Founder
  • Mr. Brian Wilson (Age 56)
    Co-Founder
    Comp: $429.87k
  • Mr. Francis P. Patchel (Age 66)
    Chief Financial Officer
    Comp: $454.15k
  • Mr. Casey Jones
    Co-Founder
  • Mr. Hang Ng Kwok
    Co-Founder
  • Mr. Nilay Patel
    Co-Founder & VP of Sales
  • Damon Uyeda
    Co-Founder
  • Ms. Anu Patil
    Vice President of Revenue Strategy & Operations
  • Mr. Brian Beach
    Chief Technology Officer

BLZE Stock Analysis - Frequently Asked Questions

Should I buy or sell Backblaze stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Backblaze in the last year. There are currently 4 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 target for 2024?

4 equities research analysts have issued 1 year price targets for Backblaze's stock. Their BLZE share price targets range from $11.00 to $18.00. On average, they expect the company's stock price to reach $14.00 in the next year. This suggests a possible upside of 50.2% 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 2024?

Backblaze's stock was trading at $7.59 at the beginning of the year. Since then, BLZE shares have increased by 22.8% and is now trading at $9.32.
View the best growth stocks for 2024 here
.

Are investors shorting Backblaze?

Backblaze saw a decline in short interest in March. As of March 31st, there was short interest totaling 1,240,000 shares, a decline of 12.7% from the March 15th total of 1,420,000 shares. Based on an average trading volume of 402,300 shares, the days-to-cover ratio is currently 3.1 days. Currently, 4.7% of the company's shares are short sold.
View Backblaze's Short Interest
.

When is Backblaze's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our BLZE earnings forecast
.

How can I listen to Backblaze's earnings call?

Backblaze will be holding an earnings conference call on Wednesday, May 8th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Backblaze's earnings last quarter?

Backblaze, Inc. (NASDAQ:BLZE) issued its quarterly earnings data on Thursday, February, 15th. The company reported ($0.30) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.04. The firm earned $28.74 million during the quarter, compared to analysts' expectations of $28.18 million. Backblaze had a negative trailing twelve-month return on equity of 105.94% and a negative net margin of 57.70%.

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

Backblaze updated its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $29.6 million-$30.0 million, compared to the consensus revenue estimate of $28.9 million.

When did Backblaze IPO?

Backblaze (BLZE) raised $101 million in an initial public offering (IPO) 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 served as the underwriters for the IPO and JMP Securities, Lake Street and B. Riley Securities were co-managers.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BLZE) was last updated on 4/24/2024 by MarketBeat.com Staff

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