Backblaze

Backblaze, Inc. operates as a cloud provider for businesses and consumers to store, use, and protect their data. The firm, through its storage cloud platform, provides a foundation for businesses, developers, IT professionals, and individuals to store, backup, and archive data, host content, manage media, and build their applications. It also offers B2 Cloud Storage and Computer Backup services. The company was founded by Timothy Nufire, Gleb Budman, Charles Jones, Kwok Hang Ng and Brian Wilson in 2007 and is headquartered in San Mateo, CA.

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Backblaze reports strong Q4 growth, aims for EBITDA breakeven

Backblaze showcased robust performance in Q4 2022, focusing on growth, partnerships, and financial metrics.
The company's strengths include competitive pricing, strategic partnerships, and a strong focus on data security.
Challenges include achieving adjusted EBITDA breakeven, scaling revenue, and attracting larger customers to B2 Cloud Storage.
Opportunities for Backblaze include expanding partnerships, leveraging AI trends, and capitalizing on the need for data lakes in organizations.

Backblaze reports solid Q1 growth, aims for profitability by Q4

Backblaze's Q1 2023 performance reflects growth in revenue, strategic cost-saving benefits, and a focus on achieving adjusted EBITDA breakeven by Q4.
The company's strengths include effective go-to-market strategies, competitive product offerings, and a skilled management team driving shareholder value.
Challenges include profitability targets, cost optimization without layoffs, and the need for impactful marketing strategies to increase brand awareness.
Opportunities exist in expanding partnerships, investor education, sustainability efforts, and demonstrating progress towards financial goals to attract stakeholders.

Backblaze reports strong revenue growth and aims for profitability

Backblaze's Q2 2023 performance showed revenue growth and strategic focus on achieving adjusted EBITDA breakeven.
The company's strengths include competitive advantages, emphasis on privacy, and benefits for shareholders.
Challenges lie in reaching profitability, addressing analyst concerns, and implementing cost-saving measures.
Opportunities for Backblaze include market expansion, AI applications, and optimizing growth strategies.

Backblaze reports robust Q3 performance and eyes AI expansion

Backblaze's Q3 performance was strong, with positive adjusted EBITDA and revenue growth.
The company's focus on innovation, customer expansion, and competitive pricing are key strengths.
Challenges include improving product adoption rates and managing price increases.
Opportunities lie in brand building, AI expansion, and tapping into the open cloud trend.

Backblaze reports strong Q4 performance, eyes upmarket growth opportunities

Backblaze delivered strong financial performance in Q4 2023, showcasing revenue growth, profitability, and customer retention, while outlining optimistic revenue guidance for Q1 and full-year 2024.
The company's strengths in attracting larger businesses, product innovation, and strategic market positioning position it well for continued growth and success.
Challenges such as evaluating customer metrics, declining license usage, managing CapEx, and market competition require strategic focus and adaptation.
Opportunities in moving upmarket, embracing innovation, and expanding product offerings present avenues for Backblaze to capitalize on market trends and drive future growth.

Backblaze reports record Q1 growth, eyes AI opportunities and expansion

Backblaze delivered a strong performance in Q1 2024, marked by record revenue growth, positive EBITDA, and strategic initiatives to drive innovation and customer value.
The company's strengths lie in its leadership in the open cloud movement, focus on AI storage solutions, and commitment to customer satisfaction and operational efficiency.
While facing challenges in leadership transition and scaling operations, Backblaze has opportunities to capitalize on AI growth, expand market reach, and enhance its competitive position.
Overall, Backblaze's Q1 results and strategic direction position it well for continued success, with a solid financial outlook and a focus on driving innovation and customer engagement.

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The average of price targets set by Wall Street analysts indicates a potential upside of 106% in Backblaze, Inc. (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.

Wall Street Analysts Predict a 105.99% Upside in Backblaze, Inc. (BLZE): Here's What You Should Know

Small file uploads now faster than AWS S3, increasing savings and security and decreasing workloads for customers Small file uploads now faster than AWS S3, increasing savings and security and decreasing workloads for customers

Backblaze Improves Performance with Breakthrough Storage Cloud Innovation

Backblaze, Inc. (BLZE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Backblaze, Inc. (BLZE) Loses -10.18% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Backblaze, Inc. provides cloud-based storage and recovery software and services. The company's revenue has been steadily rising, but operating losses have generally worsened. Management expects 2024 demand to be focused on cost "optimization," an uninspiring outlook.

Backblaze's Operating Losses Remain Heavy Amid Industry Focus On 'Optimization'

Backblaze, Inc. (BLZE) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -10.47% in 4 Weeks, Here's Why Backblaze, Inc. (BLZE) Looks Ripe for a Turnaround

Companies help joint customers safeguard data across platforms at a fraction of the cost Companies help joint customers safeguard data across platforms at a fraction of the cost

Backblaze and HYCU Team Up to Protect Critical Workloads for On-Prem and Hybrid Cloud Environments

SAN MATEO, Calif., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized storage cloud platform, will report financial results for its third quarter ending September 30, 2023 on Wednesday, November 8, 2023 after market close.

Backblaze to Announce Third Quarter 2023 Results on November 8, 2023

Latest version simplifies data restore process, adds additional features Latest version simplifies data restore process, adds additional features

Backblaze Debuts Computer Backup v9.0 Including Restore App

Partnership brings a new level of efficiency and flexibility to video transcoding Partnership brings a new level of efficiency and flexibility to video transcoding

Qencode and Backblaze Scale Up With Integrated Cloud Storage Powered by Backblaze B2 Partner API

The average of price targets set by Wall Street analysts indicates a potential upside of 102.7% in Backblaze, Inc. (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.

How Much Upside is Left in Backblaze, Inc. (BLZE)? Wall Street Analysts Think 102.65%

SAN MATEO, Calif., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized cloud storage provider, today announced an update to its annual guidance for 2023 as a result of pricing increases and product updates across Computer Backup and B2 Cloud Storage products. For more details on these changes, please refer to our blog post .

Backblaze Improves 2023 Financial Guidance

Industry leader joins company to further drive strategy and growth for the leading specialized cloud storage platform Industry leader joins company to further drive strategy and growth for the leading specialized cloud storage platform

Backblaze Taps Chris Opat to Lead Cloud Operations

Backblaze, Inc. has seen stagnant share prices and no margin gains despite solid sales growth. The company's net cash holdings are depleting rapidly, leading to substantial losses and potential financial struggles. Despite sales growth, operating losses continue to increase, making the stock unappealing and risky.

Backblaze: Cloudy Outlook For The Cloud Player

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The rally in certain growth stocks is likely starting to reach a plateau, especially with indices starting to rebalance. This is a prime opportunity to invest in under-the-radar growth stocks before Wall Street shifts its focus from AI to other growth opportunities.

3 Under-the-Radar Growth Stocks With Triple-Digit Upside Potential

SAN MATEO, Calif., July 18, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized storage cloud platform, will report financial results for its second quarter ending June 30, 2023 on Tuesday, August 8, 2023 after market close.

Backblaze to Announce Second Quarter 2023 Results on August 8, 2023

Conversion of Class B Common Stock into Class A Common Stock Results in Single Class With Equal Voting Rights Conversion of Class B Common Stock into Class A Common Stock Results in Single Class With Equal Voting Rights

Backblaze Stockholders Approve Plan to Eliminate Dual-Class Share Structure

Cloud IBR helps businesses of all sizes prepare for and recover from disaster — from ransomware to natural catastrophes Cloud IBR helps businesses of all sizes prepare for and recover from disaster — from ransomware to natural catastrophes

Continuity Centers Announces Cloud Instant Business Recovery, Built on Backblaze B2 Cloud Storage

Backblaze, Inc. (NASDAQ:BLZE ) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants James Kisner - Vice President of Investor Relations Gleb Budman - Chief Executive Officer Francis Patchel - Chief Financial Officer Conference Call Participants Simon Leopold - Raymond James Chad Bennett - Craig-Hallum Capital Group Erik Suppiger - JMP Securities Zachary Cummins - B. Riley Securities Jason Ader - William Blair Maxwell Michaelis - Lake Street Capital Markets Operator Good day and welcome to the Backblaze First Quarter 2023 Earnings Conference Call.

Backblaze, Inc. (BLZE) Q1 2023 Earnings Call Transcript

Backblaze, Inc. (BLZE) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to loss of $0.41 per share a year ago.

Backblaze, Inc. (BLZE) Reports Q1 Loss, Tops Revenue Estimates

SAN MATEO, Calif. & WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Vultr, the world's largest privately-held cloud computing company, and Backblaze (Nasdaq: BLZE), a leading specialized storage platform, announced an expansion of their partnership, now offering a range of integrated solutions of cloud compute and object storage. Customers can utilize high-performance cloud compute instances from Vultr that seamlessly connect with Backblaze B2 buckets via an S3 Compatible API, enabling users to scale t.

Vultr Partners with Backblaze to Provide Flexible and Cost-Effective Access to Powerful Cloud Compute and Cloud Storage Infrastructure for Developers

Backblaze, Inc. (BLZE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Backblaze, Inc. (BLZE) Report Negative Earnings Next Week? What You Should Know

SAN MATEO, Calif., April 24, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized storage cloud platform, will report financial results for its first quarter ending March 31, 2023 on Tuesday, May 9, 2023 after market close.

Backblaze to Announce First Quarter 2023 Results on May 9, 2023

Backblaze, Inc. (NASDAQ:BLZE ) Q4 2022 Results Conference Call February 15, 2023 4:30 PM ET Company Participants James Kisner - Vice President of Investor Relations Gleb Budman - Chief Executive Officer Frank Patchel - Chief Financial Officer Conference Call Participants Victor Chiu - Raymond James Eric Martin newsy - Lake Street Capital Markets Zach Cummins - B. Riley Securities Operator Good day, and welcome to the Backblaze Fourth Quarter 2022 Earnings Conference Call.

Backblaze, Inc. (BLZE) Q4 2022 Earnings Call Transcript

44% Revenue Growth in B2 Cloud Storage; 23% Revenue Growth Overall in Q4 2022 44% Revenue Growth in B2 Cloud Storage; 23% Revenue Growth Overall in Q4 2022

Backblaze Announces Fourth Quarter and Full Year 2022 Financial Results

Certification demonstrates Backblaze's ongoing commitment to rigorous and robust information security controls Certification demonstrates Backblaze's ongoing commitment to rigorous and robust information security controls

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