Backblaze Inc's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 111/482 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 10.11.In the medium term, the stock price is expected to trend down.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Backblaze Inc's Score
Industry at a Glance
Industry Ranking
111 / 482
Overall Ranking
173 / 4578
Industry
Software & IT Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
9
analysts
Buy
Current Rating
10.113
Target Price
+102.25%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Backblaze Inc Highlights
StrengthsRisks
Backblaze, Inc. is a cloud storage company. The Company's two cloud services that it offers on its Storage Cloud are: Backblaze B2 Cloud Storage and Backblaze Computer Backup. Backblaze B2 Cloud Storage enables customers to store data, developers to build applications, and partners to expand their use cases. The amount of data stored in this cloud service can scale up and down as needed on a pay-as-you-go basis, or can be paid for on a capacity basis or committed contract for greater predictability. This Infrastructure-as-a-Service enables use cases including backups, multi-cloud, application storage, ransomware protection, and storage for artificial intelligence/machine learning workflows. Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. This service is offered as a subscription-based Software-as-a-Service and serves use cases including computer backup, ransomware protection, theft and loss protection, and remote access.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 49.88% year-on-year.
Undervalued
The company’s latest PE is -7.30, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 30.35M shares, decreasing 0.01% quarter-over-quarter.
Backblaze, Inc. is a cloud storage company. The Company's two cloud services that it offers on its Storage Cloud are: Backblaze B2 Cloud Storage and Backblaze Computer Backup. Backblaze B2 Cloud Storage enables customers to store data, developers to build applications, and partners to expand their use cases. The amount of data stored in this cloud service can scale up and down as needed on a pay-as-you-go basis, or can be paid for on a capacity basis or committed contract for greater predictability. This Infrastructure-as-a-Service enables use cases including backups, multi-cloud, application storage, ransomware protection, and storage for artificial intelligence/machine learning workflows. Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. This service is offered as a subscription-based Software-as-a-Service and serves use cases including computer backup, ransomware protection, theft and loss protection, and remote access.
Ticker SymbolBLZE
CompanyBackblaze Inc
CEOBudman (Gleb)
Websitehttps://www.backblaze.com/
FAQs
What is the current price of Backblaze Inc (BLZE)?
The current price of Backblaze Inc (BLZE) is 4.785.
What is the symbol of Backblaze Inc?
The ticker symbol of Backblaze Inc is BLZE.
What is the 52-week high of Backblaze Inc?
The 52-week high of Backblaze Inc is 10.858.
What is the 52-week low of Backblaze Inc?
The 52-week low of Backblaze Inc is 3.940.
What is the market capitalization of Backblaze Inc?
The market capitalization of Backblaze Inc is 275.99M.
What is the net income of Backblaze Inc?
The net income of Backblaze Inc is -48.53M.
Is Backblaze Inc (BLZE) currently rated as Buy, Hold, or Sell?
According to analysts, Backblaze Inc (BLZE) has an overall rating of Buy, with a price target of 10.113.
What is the Earnings Per Share (EPS TTM) of Backblaze Inc (BLZE)?
The Earnings Per Share (EPS TTM) of Backblaze Inc (BLZE) is -0.664.