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.
Backblaze, Inc. (BLZE) Reports Q2 Loss, Tops Revenue Estimates
Backblaze, Inc. (BLZE) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.24 per share a year ago.
It Is Time To Dip A Toe In Backblaze
Backblaze has considerable pricing advantages over its competitors in cloud data storage business. Surge in AI demand for data storage services drives the strong revenue growth. Backblaze is working hard to control expenses.
