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MarketBeat Week in Review – 9/18 - 9/22
How major US stock indexes fared Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
52-week Low Names To Tip The Upside Scale In Your Favor
Laser breakthrough could send stock soaring 2,467% (Ad)
3 Reasons This Sleeping Giant Is About To Wake Up
KB Home Price Weakness is a Signal to Buy this Cash Machine
Laser breakthrough could send stock soaring 2,467% (Ad)
Things to know about California's new proposed rules for insurance companies
Analysts Went All In On These Computer Stocks, Save Your Spot
Overlooked AI Stock Gets Urgent "Buy" (Ad)
MarketBeat Week in Review – 9/18 - 9/22
How major US stock indexes fared Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
52-week Low Names To Tip The Upside Scale In Your Favor
Laser breakthrough could send stock soaring 2,467% (Ad)
3 Reasons This Sleeping Giant Is About To Wake Up
KB Home Price Weakness is a Signal to Buy this Cash Machine
Laser breakthrough could send stock soaring 2,467% (Ad)
Things to know about California's new proposed rules for insurance companies
Analysts Went All In On These Computer Stocks, Save Your Spot
Overlooked AI Stock Gets Urgent "Buy" (Ad)
MarketBeat Week in Review – 9/18 - 9/22
How major US stock indexes fared Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
52-week Low Names To Tip The Upside Scale In Your Favor
Laser breakthrough could send stock soaring 2,467% (Ad)
3 Reasons This Sleeping Giant Is About To Wake Up
KB Home Price Weakness is a Signal to Buy this Cash Machine
Laser breakthrough could send stock soaring 2,467% (Ad)
Things to know about California's new proposed rules for insurance companies
Analysts Went All In On These Computer Stocks, Save Your Spot
Overlooked AI Stock Gets Urgent "Buy" (Ad)
MarketBeat Week in Review – 9/18 - 9/22
How major US stock indexes fared Friday, 9/22/2023

Backblaze (BLZE) Stock Forecast, Price & News

$5.97
0.00 (0.00%)
(As of 09/22/2023 ET)
Compare
Today's Range
$5.94
$6.15
50-Day Range
$4.26
$6.98
52-Week Range
$3.50
$8.19
Volume
129,373 shs
Average Volume
319,344 shs
Market Capitalization
$215.52 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.00

Backblaze MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
84.3% Upside
$11.00 Price Target
Short Interest
Healthy
0.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$651,731 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.49) to ($1.19) Per Share

Overall MarketRank

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

2.55 out of 5 stars

Computer And Technology Sector

305th out of 589 stocks

Prepackaged Software Industry

88th out of 205 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 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 Price History

BLZE Stock News Headlines

Backblaze Debuts Computer Backup v9.0 Including Restore App
Backblaze (BLZE) Receives a Buy from JMP Securities
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Craig-Hallum Reaffirms Their Buy Rating on Backblaze (BLZE)
Backblaze, Inc.: Backblaze Improves 2023 Financial Guidance
Backblaze Improves 2023 Financial Guidance
Biden's latest bailout--terrible for America?
And a consultant for the Dept. of Defense (Joel Litman) says this is all leading to an event in the next 20 months that could help some get vastly wealthier… but also make it harder than ever to hang onto any money you make.This might be the most important development affecting you and your money over the next few years—
Backblaze Taps Chris Opat to Lead Cloud Operations
Backblaze (NASDAQ: BLZE)
Analyst Expectations for Backblaze's Future
Lake Street Keeps Their Buy Rating on Backblaze (BLZE)
See More Headlines
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BLZE Company Calendar

Last Earnings
8/08/2023
Today
9/23/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

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 Forecast
$11.00
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+84.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$-51,400,000.00
Pretax Margin
-63.16%

Debt

Sales & Book Value

Annual Sales
$85.15 million
Book Value
$2.06 per share

Miscellaneous

Free Float
26,302,000
Market Cap
$215.52 million
Optionable
Not Optionable
Beta
0.60
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Key Executives

  • Mr. Gleb Budman (Age 48)
    Co-Founder, CEO & Chairman
    Comp: $429.87k
  • Mr. Tim Nufire (Age 58)
    Co-Founder
  • Mr. Brian Wilson (Age 55)
    Co-Founder
    Comp: $429.87k
  • Mr. Francis P. Patchel (Age 65)
    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
  • Mr. Brian Beach
    Chief Technology Officer
  • Mr. James Martin Kisner C.F.A.
    III, VP of Investor Relations













BLZE Stock - Frequently Asked Questions

Should I buy or sell Backblaze stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Backblaze in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research 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?

5 Wall Street analysts have issued 1-year price objectives for Backblaze's shares. Their BLZE share price forecasts range from $7.50 to $18.00. On average, they anticipate the company's share price to reach $11.00 in the next year. This suggests a possible upside of 84.3% 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 2023?

Backblaze's stock was trading at $6.15 at the start of the year. Since then, BLZE shares have decreased by 2.9% and is now trading at $5.97.
View the best growth stocks for 2023 here
.

Are investors shorting Backblaze?

Backblaze saw a decrease in short interest in August. As of August 31st, there was short interest totaling 148,500 shares, a decrease of 24.4% from the August 15th total of 196,500 shares. Based on an average daily volume of 195,900 shares, the short-interest ratio is currently 0.8 days. Currently, 0.8% of the company's stock 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, November 8th 2023.
View our BLZE earnings forecast
.

How were Backblaze's earnings last quarter?

Backblaze, Inc. (NASDAQ:BLZE) announced its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.03. The business had revenue of $24.59 million for the quarter, compared to analyst estimates of $24.27 million. Backblaze had a negative net margin of 63.51% and a negative trailing twelve-month return on equity of 82.97%.

What ETF holds Backblaze's stock ?

Gabelli Automation ETF holds 4,427 shares of BLZE stock, representing 0.64% of its portfolio.

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

Backblaze issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $25.00 million-$25.40 million, compared to the consensus revenue estimate of $25.53 million.

When did Backblaze IPO?

(BLZE) raised $101 million in an IPO on Thursday, November 11th 2021. The company issued 6,300,000 shares at $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 institutional and retail investors. Top institutional investors include Whetstone Capital Advisors LLC (4.67%), AWM Investment Company Inc. (3.21%), BlackRock Inc. (0.86%), Acadian Asset Management LLC (0.63%), Geode Capital Management LLC (0.49%) and Trellus Management Company LLC (0.47%). Insiders that own company stock include Brian K Wilson, Charles J Jones, Francis P Patchel, Gleb Budman, Kwok Hang Ng, Timothy M Nufire, Tina Cessna and Tmt Investments Plc.
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 $5.97.

How much money does Backblaze make?

Backblaze (NASDAQ:BLZE) has a market capitalization of $215.52 million and generates $85.15 million in revenue each year. The company earns $-51,400,000.00 in net income (profit) each year or ($1.76) on an earnings per share basis.

How many employees does Backblaze have?

The company employs 393 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 9/23/2023 by MarketBeat.com Staff

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