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Backblaze: Great Value Buy Amid Sales Shake-Up
Seeking Alpha· 2024-12-16 22:51
With the stock market soaring to close out 2024, in my view, investors' best move is to continue deploying careful stock-picking, particularly in value stocks that are lesser-known by mainstream investors. I'm particularly attuned to stocks that have particular catalysts to accelerate fundamental performance.With 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 m ...
Backblaze(BLZE) - 2024 Q3 - Earnings Call Transcript
2024-11-09 17:17
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 Quart ...
Backblaze, Inc. (BLZE) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-11-08 01:36
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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced a loss of $0.11, delivering a surprise of 8.33%.Over the last four quarters, the company has surpassed ...
Backblaze(BLZE) - 2024 Q3 - Quarterly Report
2024-11-07 22:02
Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.0001 par value per shareBLZE The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURS ...
Backblaze(BLZE) - 2024 Q3 - Quarterly Results
2024-11-07 21:17
Exhibit 99.1 Backblaze Announces Record Adjusted EBITDA Margin as Part of Third Quarter 2024 Financial Results 39% Revenue Growth in B2 Cloud Storage, 29% Revenue Growth Overall in Q3 2024 San Mateo, CA (November 7, 2024)—Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its third quarter ended September 30, 2024. "I'm excited that we have kicked off a go-to-market transformation and continue to build our u ...
Backblaze and Opti9 Partner to Bring High Performance and Low Cost Cloud Storage to Joint Customers
GlobeNewswire News Room· 2024-10-30 13:05
SAN MATEO, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, and Opti9, an international leader in hybrid cloud solutions, today announced a partnership to bring the performance of Backblaze B2 Cloud Storage to Opti9's suite of managed service offerings and solutions. As part of the partnership, Backblaze announced plans to open a new data region in Canada. Opti9 will be the exclusive Canadian ...
Backblaze to Announce Third Quarter 2024 Results on November 7, 2024
GlobeNewswire News Room· 2024-10-17 20:15
SAN MATEO, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its third quarter ending September 30, 2024 on Thursday, November 7, 2024 after market close. Following the release of results, Backblaze will host a conference call and webcast at 1:30 p.m. PT (4:30 p.m. ET) on November 7, 2024 to discuss the results. Attend the webcast: https://edge.media-server.com ...
Backblaze: Cloud Storage Momentum Fuels Upside Potential
Seeking Alpha· 2024-09-27 15:09
Backblaze (NASDAQ: BLZE ) is gaining significant traction in the SMB segment for its B2 Cloud Storage product, which is both simpler and priced significantly lower than offerings from major cloud vendors. The B2 An individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of companies globally. Through my ...
Backblaze Deepens Sales Leadership Team
GlobeNewswire News Room· 2024-09-12 13:00
SAN MATEO, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that Dave Cotten and Teresa Dodson joined the company's sales leadership team. "Adding these seasoned, senior-level sales leaders reinforces our commitment to delivering open cloud solutions that allow our customers to do more with their data," said Jason Wakeam, Chief Revenue Officer at Backblaze. "Dave and Teresa br ...
Does Backblaze (BLZE) Have the Potential to Rally 70.97% as Wall Street Analysts Expect?
ZACKS· 2024-08-27 14:55
Shares of Backblaze, Inc. (BLZE) have gained 2.7% over the past four weeks to close the last trading session at $6.51, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $11.13 indicates a potential upside of 71%. The mean estimate comprises four short-term price targets with a standard deviation of $1.44. While the lowest estimate of $10 indicates a 53.6% increase from the current ...