Free Trial
NASDAQ:BLZE

Backblaze (BLZE) Stock Price, News & Analysis

$6.78
+0.02 (+0.30%)
(As of 05/29/2024 ET)
Today's Range
$6.62
$6.88
50-Day Range
$6.61
$10.75
52-Week Range
$3.50
$12.65
Volume
196,176 shs
Average Volume
370,318 shs
Market Capitalization
$281.37 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
106.5% Upside
$14.00 Price Target
Short Interest
Healthy
2.92% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.36mentions of Backblaze in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$264,088 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.09) to ($0.91) 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

325th out of 604 stocks

Prepackaged Software Industry

111th out of 201 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. (NASDAQ:BLZE) VP Sells $18,027.60 in Stock
Backblaze, Inc. (BLZE)
Backblaze Inc Class A
Assessing Backblaze: Insights From 4 Financial Analysts
See More Headlines
Receive BLZE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Backblaze and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/08/2024
Today
5/29/2024
Next Earnings (Estimated)
8/13/2024
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
+106.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-59,710,000.00
Pretax Margin
-49.40%

Debt

Sales & Book Value

Annual Sales
$102.02 million
Book Value
$1.14 per share

Miscellaneous

Free Float
39,342,000
Market Cap
$281.37 million
Optionable
Optionable
Beta
1.21
10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

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 research analysts have issued "buy," "hold," and "sell" ratings for Backblaze in the last twelve months. There are currently 4 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 target for 2024?

4 brokers 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 anticipate the company's stock price to reach $14.00 in the next year. This suggests a possible upside of 106.5% 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 start of the year. Since then, BLZE shares have decreased by 10.7% and is now trading at $6.78.
View the best growth stocks for 2024 here
.

Are investors shorting Backblaze?

Backblaze saw a decline in short interest in May. As of May 15th, there was short interest totaling 811,000 shares, a decline of 30.7% from the April 30th total of 1,170,000 shares. Based on an average daily trading volume, of 357,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.9% 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 Tuesday, August 13th 2024.
View our BLZE earnings forecast
.

How were Backblaze's earnings last quarter?

Backblaze, Inc. (NASDAQ:BLZE) issued its earnings results on Wednesday, May, 8th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.31) by $0.04. The firm earned $29.97 million during the quarter, compared to the consensus estimate of $29.75 million. Backblaze had a negative trailing twelve-month return on equity of 105.67% and a negative net margin of 48.62%.

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

Backblaze issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $30.7 million-$31.1 million, compared to the consensus revenue estimate of $30.8 million.

When did Backblaze IPO?

Backblaze (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 served as the underwriters for the IPO and JMP Securities, Lake Street and B. Riley Securities were co-managers.

Who are Backblaze's major shareholders?

Backblaze's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.53%), First Eagle Investment Management LLC (1.76%), Acadian Asset Management LLC (1.67%), Essex Investment Management Co. LLC (0.49%), GSA Capital Partners LLP (0.22%) and Quadrature Capital Ltd (0.15%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BLZE) was last updated on 5/29/2024 by MarketBeat.com Staff

From Our Partners