Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Backblaze, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation Details - The investigation is prompted by a report from Morpheus Research that accused Backblaze of financial missteps and questionable accounting practices since its IPO in November 2021 [3]. - Following the release of the Morpheus Research report, Backblaze's stock experienced a decline of 2.1% on April 24, 2025 [3]. Group 2: Class Action Information - Shareholders who purchased Backblaze securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2]. - Interested investors can join the class action by visiting the provided link or contacting the Rosen Law Firm directly [2]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

Backblaze, Inc. (BLZE) closed the last trading session at $5.70, gaining 25.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $10.83 indicates a 90% upside potential.The average comprises six short-term price targets ranging from a low of $8 to a high of $14, with a standard deviation of $1.94. While the lowest estimate indicates an increase of 40.4% from the current price level, ...

NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangem ...

Backblaze, Inc. (BLZE) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual inv ...

Core Viewpoint - Backblaze, Inc. (BLZE) shares have increased by 13.4% in the past four weeks, closing at $5.32, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $10.83, representing a 103.6% upside [1] Price Targets - The average price targets from analysts range from a low of $8 to a high of $14, with a standard deviation of $1.94, indicating variability in estimates; the lowest estimate suggests a 50.4% increase, while the highest points to a 163.2% upside [2] - A low standard deviation among price targets suggests a high degree of agreement among analysts regarding the stock's price movement direction [9] Earnings Estimates - Analysts have shown increasing optimism about BLZE's earnings prospects, with a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [11] - The Zacks Consensus Estimate for the current year has risen by 3.3% over the past month, with four estimates increasing and no negative revisions [12] Zacks Rank - BLZE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential upside in the near term [13]

With the S&P 500 clawing itself back into the green for the year, I continue to be wary of stretched valuations amid a shaky macro. One major pocket of value, however, is in small-cap stocks, where in my view, valuation discountsWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor o ...

Backblaze (BLZE) FY Conference May 13, 2025 03:45 PM ET Speaker0 Good? Perfect. Alright. Thank you for joining us for the at the end of the day here for the Needham May Tech Conference. This last one's gonna be a fireside with Clev Budman, CEO, founder over at Backblaze. Thanks for joining us. Looking forward to this. I have questions on my side, but would be great if you guys wanted to lob them in two. Maybe we can get a little bit lively at the end of Speaker1 the day, but we'll see. Speaker0 So with that ...

Core Insights - Backblaze, Inc. reported a quarterly loss of $0.03 per share, better than the Zacks Consensus Estimate of a loss of $0.06, and improved from a loss of $0.14 per share a year ago, representing a 50% earnings surprise [1] - The company achieved revenues of $34.61 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.08% and showing a year-over-year increase from $29.97 million [2] - Backblaze has consistently exceeded consensus EPS estimates over the last four quarters [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $35.18 million, and for the current fiscal year, it is -$0.15 on revenues of $143.8 million [7] - The estimate revisions trend for Backblaze is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Internet - Software industry, to which Backblaze belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a favorable environment compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Backblaze's stock performance [5]

Q1 2025 Results Gleb Budman CEO and Co-Founder Backblaze Marc Suidan CFO May 7, 2025 Backblaze ©2024 Confidential | 1 Important Information About This Presentation Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements, which involve risks and uncertainties. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "l ...

Backblaze (BLZE) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Mimi Kong - Sr. Director - Investor Relations & Corporate DevelopmentGleb Budman - Co-founder, Chief Executive Officer, ChairpersonMarc Suidan - Chief Financial OfficerEthan Widell - Senior Equity Research AssociateMax Michaelis - Equity Research AssociateJason Ader - Co-Group Head - Technology, Media & CommunicationsVictor Chiu - Equity Research Associate - Telecom & Technology Conference Call Participants Jeff Van Rhee - ...