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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47% Revenue Growth in B2 Cloud Storage, 28% Revenue Growth Overall in Q1 2024 47% Revenue Growth in B2 Cloud Storage, 28% Revenue Growth Overall in Q1 2024

Backblaze Announces First Quarter 2024 Financial Results

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SAN MATEO, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized cloud storage platform, will report financial results for its first quarter ending March 31, 2024 on Wednesday, May 8, 2024 after market close.

Backblaze to Announce First Quarter 2024 Results on May 8, 2024

New service powers instant data updates across tech stack tools to streamline developer, IT, and media team workloads New service powers instant data updates across tech stack tools to streamline developer, IT, and media team workloads

Backblaze Enables Automated Cloud Workflows With Event Notifications

Leading specialized cloud storage platform joins Motion Picture Association security initiative to advance trust and best practices as media workflows move to the cloud Leading specialized cloud storage platform joins Motion Picture Association security initiative to advance trust and best practices as media workflows move to the cloud

Backblaze Completes Trusted Partner Network Assessment, Receiving Blue Shield Status

SAN MATEO, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- In booth SL7077 at the 2024 NAB Show, Backblaze Inc. (BLZE), the leading specialized storage cloud, will showcase a range of new features, functionality, and partnerships aimed to help media teams meet the challenges of a rapidly changing technology landscape.

Backblaze Launches Next-Gen Cloud Workflow Tools, Security Announcements, and More at NAB 2024

Cybersecurity assessments aid education and government entities in improving security posture with Backblaze products Cybersecurity assessments aid education and government entities in improving security posture with Backblaze products

Backblaze Achieves StateRAMP Progressing Snapshot and TX-RAMP Provisional Authorizations

Contract Addition Streamlines Procurement for Affordable Cloud Storage Solutions Contract Addition Streamlines Procurement for Affordable Cloud Storage Solutions

Backblaze's Solutions Now Available on Carahsoft's NASPO ValuePoint Contract

Does Backblaze, Inc. (BLZE) have what it takes to be a top stock pick for momentum investors? Let's find out.

Backblaze, Inc. (BLZE) is a Great Momentum Stock: Should You Buy?

Here is how Backblaze, Inc. (BLZE) and Arista Networks (ANET) have performed compared to their sector so far this year.

Is Backblaze (BLZE) Stock Outpacing Its Computer and Technology Peers This Year?

Backblaze, Inc. (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.

Backblaze, Inc. (BLZE) Upgraded to Buy: What Does It Mean for the Stock?

Backblaze (NASDAQ: BLZE) stock price formed a god candle on Friday as investors cheered its strong financial results. The shares jumped to a high of $11.85 on Friday, its highest point since February 22nd.

Backblaze (BLZE) stock price has broken out: more upside?

Backblaze, Inc. (BLZE) Q4 2023 Earnings Call Transcript

Backblaze, Inc. (BLZE) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.27 per share a year ago.

Backblaze, Inc. (BLZE) Reports Q4 Loss, Tops Revenue Estimates

47% Revenue Growth in B2 Cloud Storage, 25% Revenue Growth Overall in Q4 2023 47% Revenue Growth in B2 Cloud Storage, 25% Revenue Growth Overall in Q4 2023

Backblaze Announces Fourth Quarter and Full Year 2023 Financial Results

Backblaze, Inc. (BLZE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Backblaze, Inc. (BLZE) Moves 8.6% Higher: Will This Strength Last?

New program offers features including Custom Domains and Partner API to enable businesses to seamlessly provide cloud storage for their customers New program offers features including Custom Domains and Partner API to enable businesses to seamlessly provide cloud storage for their customers

Backblaze Launches Powered by Backblaze to Enable Platform Providers to Offer Cloud Storage

SAN MATEO, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized cloud storage platform, will report financial results for its fourth quarter and fiscal year ending December 31, 2023 on Thursday, February 15, 2024 after market close.

Backblaze to Announce Fourth Quarter and Fiscal Year 2023 Results on February 15, 2024

Technology executive joins company leadership team to accelerate innovation and growth for the leading specialized cloud storage platform Technology executive joins company leadership team to accelerate innovation and growth for the leading specialized cloud storage platform

Backblaze Names David Ngo Chief Product Officer

New workstation backup feature set meets enterprises' needs for heightened business continuity and data security standards New workstation backup feature set meets enterprises' needs for heightened business continuity and data security standards

Backblaze Launches Enterprise Control to Support Advanced Administration and Data Protection Needs

American Tower

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced that the leading specialized cloud storage cloud platform provider, Backblaze, Inc. (Nasdaq: BLZE), is now leveraging CoreSite's colocation and connectivity solutions. Managing over three billion gigabytes of data capacity, Backblaze supports more than 500,000 customers in over 175 countries, on a cloud storage platform designed t.

Backblaze Serves Demand for Storing Data in More Places with CoreSite's Colocation and Connectivity Solutions

Backblaze, Inc. (NASDAQ:BLZE ) Q3 2023 Earnings Conference Call November 8, 2023 6:00 PM ET Company Participants Mimi Kong - Director of Investor Relations Gleb Budman - Co-Founder, Chief Executive Officer & Chairperson Frank Patchel - Chief Financial Officer Mimi Kong - New Director, Investor Relations Conference Call Participants Simon Leopold - Raymond James Ittai Kidron - Oppenheimer Chad Bennett - Craig-Hallum Erik Suppinger - JMP Securities Eric Martinuzzi - Lake Street Capital Markets Zach Cummins - B Riley Securities Jason Ader - William Blair Operator Good day and welcome to the Backblaze Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

Backblaze, Inc. (BLZE) Q3 2023 Earnings Call Transcript

31% Revenue Growth in B2 Cloud Storage, 15% Revenue Growth Overall in Q3 2023 31% Revenue Growth in B2 Cloud Storage, 15% Revenue Growth Overall in Q3 2023

Backblaze Announces Third Quarter 2023 Financial Results

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

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