Investors might want to bet on Backblaze, Inc. (BLZE) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual ...

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. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.14, delivering a surprise of 6.67%. Over the last four quarters, the company has surpassed ...

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 June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT ...

SAN MATEO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its second quarter ended June 30, 2024. "Q2 marked another strong growth quarter for Backblaze, along with efficient execution driving continued margin expansion and momentum moving up-market," said Gleb Budman, CEO of Backblaze. "We continued our recent string of innovations with the launch of Backblaze B ...

Exhibit 99.1 Backblaze Announces Second Quarter 2024 Financial Results 43% Revenue Growth in B2 Cloud Storage, 27% Revenue Growth Overall in Q2 2024 San Mateo, CA (August 8, 2024)—Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its second quarter ended June 30, 2024. "Q2 marked another strong growth quarter for Backblaze, along with efficient execution driving continued margin expansion and momentum movin ...

"I am pleased to welcome Jason as our chief revenue officer," said Gleb Budman, Backblaze CEO and Chairperson of the Board. "He has an impressive track record that showcases his ability to drive businesses to the next level. His expertise will be crucial as we help more, larger customers break free from traditional cloud walled gardens, move to an open cloud ecosystem, and empower them to do more with their data." Press Contact: Jeanette Foster Communications Manager, Backblaze jfoster@backblaze.com Wakeam ...

SAN MATEO, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the appointment of Jason Wakeam as the company's first Chief Revenue Officer (CRO). Wakeam succeeds Nilay Patel, who previously served as vice president of sales, and has now transitioned to oversee the company's recently established New Markets team with a special focus on AI. "Backblaze's mission deeply resonates wit ...

SAN MATEO, Calif., July 18, 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 second quarter ending June 30, 2024 on Thursday, August 8, 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 August 8, 2024 to discuss the results. Attend the webcast: https://edge.media-server.com/mmc/p/4 ...

"Our inclusion in the Russell Indexes represents another milestone in the company's growth trajectory," said Gleb Budman, CEO of Backblaze. "We are committed to delivering innovative cloud storage for businesses around the world and increasing shareholder value in this $50 billion market." The Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of December 2023, about $10.5 trillion in ...

Backblaze is the cloud storage innovator delivering a modern alternative to traditional cloud providers. We offer high-performance, secure cloud object storage that customers use to develop applications, manage media, secure backups, build AI workflows, protect from ransomware, and more. Backblaze helps businesses break free from the walled gardens that traditional providers lock customers into, enabling customers to use their data in open cloud workflows with the providers they prefer at a fraction of the ...