Backblaze (BLZE) Stock Jumps 10.5%: Will It Continue to Soar?

Group 1 - Backblaze, Inc. (BLZE) shares increased by 10.5% to $6.96 in the last trading session, contrasting with a 1.4% loss over the past four weeks [1] - The company is undergoing a significant go-to-market transformation led by new executives, focusing on upskilling, partnerships, and sales strategies, which is driving revenue growth, especially in the B2 Cloud Storage segment [2] - Backblaze is expected to report a quarterly loss of$ 0.09 per share, reflecting a year-over-year improvement of 40%, with revenues projected at $33.75 million, a 17.4% increase from the previous year [3] Group 2 - The consensus EPS estimate for Backblaze has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - Backblaze holds a Zacks Rank of 3 (Hold), indicating a neutral outlook, while another company in the same industry, Weave Communications, has also maintained a Zacks Rank of 3 [4][5] - Weave Communications is expected to report an EPS of$ 0.03, representing a 400% increase from the previous year, with its stock finishing the last trading session slightly higher [5]