Backblaze Inc. (BLZE)
NASDAQ (NMS) NASDAQ (NMS) Primary 
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.
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.
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.
Backblaze (BLZE) Stock Jumps 10.5%: Will It Continue to Soar?
Backblaze (BLZE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Backblaze: Great Value Buy Amid Sales Shake-Up
I'm reiterating my buy rating on Backblaze, as the company reported an acceleration in revenue growth in Q3. Backblaze has been focused on upgrading its go-to-market process, bringing on a new Chief Revenue Officer to lead its charge upmarket. The company's layoffs of 12% of its headcount have also led to significant adjusted EBITDA margin expansion.
Backblaze, Inc. (BLZE) Q3 2024 Earnings Call Transcript
Backblaze, Inc. (NASDAQ:BLZE ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Mimi Kong - Director, Investor Relations & Corporate Development Gleb Budman - Chief Executive Officer & Chairperson Marc Suidan - Chief Financial Officer Conference Call Participants Jeff Van Rhee - Craig-Hallum Capital Group Ittai Kidron - Oppenheimer & Co. Eric Martinuzzi - Lake Street Capital Markets Ethan Widell - B. Riley Securities Operator Good day, and welcome to the Backblaze Third Quarter 2024 Earnings Call.
Backblaze, Inc. (BLZE) Reports Q3 Loss, Tops Revenue Estimates
Backblaze, Inc. (BLZE) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.21 per share a year ago.
Backblaze: Cloud Storage Momentum Fuels Upside Potential
The company's B2 cloud storage product is seeing strong year over year growth above 40%. Adjusted EBITDA margins are improving, and the business is likely to turn FCF positive next year. Shares are currently trading at an EV/FY25 adjusted EBITDA multiple of 11.7, with expectations for organic growth of 20% and improving margins in the coming years.
Does Backblaze (BLZE) Have the Potential to Rally 70.97% as Wall Street Analysts Expect?
The consensus price target hints at a 71% upside potential for Backblaze (BLZE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
All You Need to Know About Backblaze (BLZE) Rating Upgrade to Buy
Backblaze (BLZE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Why Backblaze Stock Skyrocketed Today
Backblaze beat sales expectations in Q2 and posted a narrower-than-expected loss. The storage specialist also raised its full-year performance targets.
Backblaze, Inc. (BLZE) Q2 2024 Earnings Call Transcript
Backblaze, Inc. (NASDAQ:BLZE ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Mimi Kong - Director, Investor Relations & Corporate Development Gleb Budman - Co-Founder, Chief Executive Officer & Chairperson Frank Patchel - Chief Financial Officer Conference Call Participants Ittai Kidron - Oppenheimer & Co. Victor Chiu - Raymond James Jason Ader - WB Ethan Weidel - B. Riley Securities Jeff Van Rhee - Craig-Hallum Capital Group Mark Hagen - Lake Street Capital Markets.
