BackblazeBLZE
BLZE
About: Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States and the rest from the United Kingdom, Canada, and Other regions.
Employees: 346
0
Funds holding %
of 7,390 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
173% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 11
127% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 22
33% more capital invested
Capital invested by funds: $105M [Q3] → $140M (+$35M) [Q4]
17% more funds holding
Funds holding: 102 [Q3] → 119 (+17) [Q4]
7.62% more ownership
Funds ownership: 38.22% [Q3] → 45.84% (+7.62%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
76% less call options, than puts
Call options by funds: $97K | Put options by funds: $403K
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$8
54%
upside
Avg. target
$10
92%
upside
High target
$11
112%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Needham Matt Dezort 40% 1-year accuracy 4 / 10 met price target | 54%upside $8 | Buy Initiated | 11 Mar 2025 |
Lake Street Eric Martinuzzi 33% 1-year accuracy 9 / 27 met price target | 112%upside $11 | Buy Maintained | 26 Feb 2025 |
B. Riley Securities Zach Cummins 13% 1-year accuracy 2 / 15 met price target | 112%upside $11 | Buy Maintained | 18 Feb 2025 |
Financial journalist opinion
Based on 5 articles about BLZE published over the past 30 days
Neutral
Business Wire
1 week ago
Backblaze and CHESA Double Down on Enabling Creativity for Media and Entertainment Workflows
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #CHESA--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced they are doubling down on their relationship with CHESA to elevate creative workflows with a joint go-to-market partnership. Backblaze and CHESA empower media and entertainment (M&E) professionals by pairing Backblaze's scalable, cost-effective cloud storage with CHESA's world-class expertise in media workflow design.
Neutral
GlobeNewsWire
2 weeks ago
Backblaze Selects Cologix to Expand Delivery of High-Performance Cloud Storage Solutions
Collaboration accelerates cloud storage delivery that is compliant with data sovereignty requirements in Canada Collaboration accelerates cloud storage delivery that is compliant with data sovereignty requirements in Canada
Neutral
Business Wire
3 weeks ago
Backblaze to Present at the Citizens JMP Technology Conference
SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced participation in the following investor conference: Citizens JMP Technology Conference, San Francisco, CA. Marc Suidan, CFO at Backblaze, is presenting on Tuesday, March 4, 2025, at 1:30 p.m. Pacific Time. The presentation will be webcast. Links to the live and archived webcast will be available on Backblaze's investor rel.
Positive
Seeking Alpha
3 weeks ago
Backblaze: As B2 Cloud Storage Accelerates, This Stock Can Rally Fiercely
Backblaze is a promising investment due to AI-driven revenue growth, robust Q4 results, and a strategic sales overhaul boosting its B2 cloud storage business. The company is expecting B2 cloud storage revenue to accelerate consistently as it moves through FY25, a testament to strong secular tailwinds and better sales execution. BLZE balances growth and profitability, maintaining a mid-20s revenue growth pace and a ~10% adjusted EBITDA margin, with positive free cash flow expected in FY25.
Neutral
Seeking Alpha
4 weeks ago
Backblaze, Inc. (BLZE) Q4 2024 Earnings Call Transcript
Backblaze, Inc. (NASDAQ:BLZE ) Q4 2024 Earnings Conference Call February 25, 2025 5:00 PM ET Company Participants Mimi Kong - Senior Director of Investor Relations and Corporate Development Gleb Budman - Chairman and Chief Executive Officer Marc Suidan - Chief Financial Officer Conference Call Participants Jeff Van Rhee - Craig-Hallum Capital Group Ittai Kidron - Oppenheimer & Co., Inc. Simon Leopold - Raymond James & Associates, Inc. Jason Ader - William Blair & Company Maxwell Michaelis - Lake Street Capital Markets Ethan Widell - B. Riley Securities Operator Thank you for standing by.
Negative
Zacks Investment Research
4 weeks ago
Backblaze, Inc. (BLZE) Reports Q4 Loss, Tops Revenue Estimates
Backblaze, Inc. (BLZE) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.15 per share a year ago.
Neutral
Business Wire
4 weeks ago
Backblaze Announces Fourth Quarter and Full Year 2024 Financial Results
SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze Announces Fourth Quarter and Full Year 2024 Financial Results.
Positive
Zacks Investment Research
1 month ago
Backblaze (BLZE) Upgraded to Buy: Here's What You Should Know
Backblaze (BLZE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Zacks Investment Research
1 month ago
Wall Street Analysts Believe Backblaze (BLZE) Could Rally 56.97%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 57% in Backblaze (BLZE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Neutral
Business Wire
1 month ago
Backblaze and Kandji Partner to Deliver Comprehensive Device Management and Data Protection for Businesses
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Backblaze--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud backup and storage, and Kandji, the Apple endpoint management and security platform, today announced a strategic partnership to deliver comprehensive device management and data protection for businesses of all sizes. Proven results in Apple-first workflows Backblaze and Kandji's solutions have already proven their value in Apple-focused IT environme.
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