Backblaze, Inc. (BLZE) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, BLZE's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
Backblaze (BLZE) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
The mean of analysts' price targets for Backblaze (BLZE) points to a 39.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Here is how Backblaze, Inc. (BLZE) and Analog Devices (ADI) have performed compared to their sector so far this year.
Companies can receive a big boost on impressive results or promising news, and then it is a matter of maintaining momentum to ensure those gains aren't given back shortly after.
Backblaze, Inc. (NASDAQ:BLZE ) Q2 2025 Earnings Call August 7, 2025 8:00 AM ET Company Participants Gleb Budman - Co-Founder, CEO & Chairman Marc Suidan - Chief Financial Officer Mimi Kong - Corporate Participant Conference Call Participants Eric Martinuzzi - Lake Street Capital Markets, LLC, Research Division Ittai Kidron - Oppenheimer & Co. Inc., Research Division Jason Noah Ader - William Blair & Company L.L.C., Research Division Jeffrey Van Rhee - Craig-Hallum Capital Group LLC, Research Division John Jeffrey Hopson - Needham & Company, LLC, Research Division Rustam Shiraz Kanga - Citizens JMP Securities, LLC, Research Division Simon Matthew Leopold - Raymond James & Associates, Inc., Research Division Zachary Cummins - B.
Backblaze, Inc. (BLZE) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.05 per share. This compares to a loss of $0.11 per share a year ago.
Backblaze's B2 Cloud Storage growth and AI demand are promising, but heavy operating losses persist, justifying my continued Sell rating. Despite revenue growth and improved margins, the company remains far from operating breakeven, which the market is punishing with a discounted valuation. Significant shareholder dilution from high stock-based compensation and no share buybacks further weakens the investment case, although management wants to move to cash bonuses over time.
The average of price targets set by Wall Street analysts indicates a potential upside of 90% 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) 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.
The average of price targets set by Wall Street analysts indicates a potential upside of 103.6% 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.
Small-cap stocks like Backblaze offer compelling value as valuation discounts versus large-caps have widened, despite strong fundamentals. Backblaze continues to deliver double-digit revenue growth, with accelerating momentum in its B2 Cloud segment and improved sales execution leading to huge Q1 bookings growth. AI remains a major growth driver for the company, with its count of AI clients rising 66% y/y.