Backblaze (BLZE) News Today

Backblaze, Inc. (NASDAQ: BLZE) shares decreased despite a series of favorable earnings updates and analyst actions. The recent pullback appears to reflect profit-taking and heightened volatility after a sharp rally, rather than a deterioration in the company’s operating outlook.

• Positive Sentiment: Backblaze reported second-quarter results above expectations, with earnings of $0.08 per share versus the $0.02 consensus estimate and revenue of $42.7 million versus expectations of $39.9 million. Backblaze Q2 2026 earnings
• Positive Sentiment: The company raised its 2026 revenue outlook to $172 million-$174 million and projected more than 40% growth in B2 cloud-storage revenue for 2027, strengthening the growth narrative. Backblaze raises revenue outlook
• Positive Sentiment: Management is benefiting from new customer wins, increased spending by existing customers and growing demand for scalable storage tied to artificial-intelligence workloads. Neocloud and CoreWeave relationships are also viewed as potentially improving Backblaze’s long-term growth trajectory. Why Backblaze stock jumped Backblaze growth trajectory
• Positive Sentiment: Analysts raised their price targets: Oppenheimer to $25, B. Riley to $24, Needham to $23 and Citizens JMP to $21, with each firm maintaining a positive rating.
• Neutral Sentiment: Call-option volume rose approximately 252% above normal levels, signaling strong speculative interest but also suggesting elevated short-term volatility.
• Negative Sentiment: After a substantial recent advance, investors may be locking in gains. Backblaze remains unprofitable on a trailing basis, so the stock is particularly sensitive to valuation concerns and shifts in growth expectations.