Backblaze, Inc., a storage cloud platform, provides businesses and consumers with solutions to store, use, and protect the data worldwide. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, including backups, multi-cloud, application development, and ransomware protection. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides as a subscription-based Software-as-a-Service and serves use cases comprising computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.
IPO Year: 2021
Exchange: NASDAQ
Website: backblaze.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/11/2025 | $8.00 | Buy | Needham |
| 2/18/2022 | $26.00 → $22.00 | Outperform | Raymond James |
| 12/6/2021 | $28.00 | Buy | Lake Street |
| 12/6/2021 | Outperform | William Blair | |
| 12/6/2021 | $26.00 | Outperform | Raymond James |
| 12/6/2021 | Outperform | Oppenheimer | |
| 12/6/2021 | $30.00 | Market Outperform | JMP Securities |
| 12/6/2021 | $29.00 | Buy | B. Riley Securities |
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 bring sales experience and a strategic approach to deepen relationships and better serve our customers and partners." The news follows the recent appointment of Jason Wakeam as the compan
SAN MATEO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced Marc Suidan is joining the company as Chief Financial Officer (CFO), effective August 16, 2024. "I am excited to welcome Marc as our Chief Financial Officer," said Gleb Budman, Backblaze CEO and Chairperson of the Board. "He has deep knowledge and experience strategically guiding companies through financial growth. His expertise and leadership will be a valuable asset as we empower customers to move to an open cloud and to do more with their data." Suidan brings to Backblaze more than 20 years of exp
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). An industry veteran with nearly three decades of global leadership experience, Wakeam brings a proven track record of driving growth and innovation at technology companies. Wakeam previously served as a vice president of global sales at SnapLogic. He has also held leadership roles in a range of public and private companies including Cloudera, Microsoft, and Hewlett-Packard. In his new role, Wakeam will spearhead the co
SAN MATEO, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, is set to join the broad-market Russell 3000® and small-cap Russell 2000® Indexes in connection with the Russell U.S. Indexes annual reconstitution, effective Monday, July 1, 2024. "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 investmen
SYDNEY, Australia, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Omniscient Neurotechnology, the brain mapping company creating new possibilities in brain health, today announced the appointment of Barbara Nelson and Surbhi Sarna to its board of directors. Both appointees are visionaries across the biotech, healthcare and technology industries and bring a unique perspective to the company's corporate strategy and growth. They, along with the existing board members, will strategically guide Omniscient as it develops products that unlock new insights into advanced brain care. "Omniscient is a global leader in connectomics, but we have much work ahead of us to scale to our full potential," said Chairma
SAN MATEO, Calif., July 21, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), today announced that Kevin Gavin has joined the company as chief marketing officer (CMO) to lead the company's marketing efforts. The addition of a seasoned CMO furthers the company's scaling of its growth initiatives following its recent IPO in November, 2021. Gavin brings extensive marketing and public company experience as CMO and expands Backblaze's in-house expertise to deepen the company's customer engagement and grow its brand awareness. "Kevin is a forward-thinking CMO with a proven track record of leading teams at high-growth companies," said Gleb Budman, Backblaze CEO and Chairperson of the Boar
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a partnership with PureNodal, a next-generation cloud platform purpose-built for AI and high-performance compute (HPC) workloads. Together, the two companies will deliver an efficient, high-performance, and cost-effective solution for enterprise-scale workloads such as AI model training, data analytics, and media rendering. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250402899391/en/Backblaze and PureNodal Partner to Accelerate AI at Scale Delivering Cost-Effective, Enterprise-Grade Solution
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a series of technology and channel partner showcases for the media professionals attending the National Association of Broadcasters (NAB) Show. These are designed to help them learn about Backblaze and partner solutions, including the latest in workflow and AI technologies to better produce, protect, distribute, and stream their work. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250331415367/en/Backblaze Partners To Showcase Joint Solutions at NAB Show to Help Media Pros Discover The Newest W
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced they are doubling down on their relationship with CHESA to elevate creative workflows with a joint go-to-market partnership. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250317179365/en/Graeme Steakley, Backblaze Director of Channel Alliances, on partnering with CHESA. Backblaze and CHESA empower media and entertainment (M&E) professionals by pairing Backblaze's scalable, cost-effective cloud storage with CHESA's world-class expertise in media workflow design. "This partnership with CHESA un
DENVER and SAN MATEO, Calif., March 11, 2025 (GLOBE NEWSWIRE) -- Cologix, a leading North American network-neutral data center provider, today announced Backblaze (NASDAQ:BLZE), a publicly traded cloud storage company, has deployed its services at Cologix's TOR3 digital edge data center in Toronto. This deployment features a high-capacity setup with dedicated power and a direct fiber connection to Cologix's TOR1 digital edge data center, Canada's largest carrier hotel, providing fast access to multiple network providers and TorIX. Backblaze's expansion into TOR3 marks a significant step in ensuring data sovereignty compliance for businesses operating in Canada. This collaboration allows
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced participation in the following investor conference: Citizens JMP Technology Conference, San Francisco, CA. Marc Suidan, CFO at Backblaze, is presenting on Tuesday, March 4, 2025, at 1:30 p.m. Pacific Time. The presentation will be webcast. Links to the live and archived webcast will be available on Backblaze's investor relations website at ir.backblaze.com. About Backblaze Backblaze is the cloud storage innovator providing a modern alternative to traditional cloud providers. We deliver high-performance, secure cloud object storage that customers
22% Revenue Growth in B2 Cloud Storage, 18% Revenue Growth Overall in Q4 2024 Q4 Adjusted EBITDA Margin More than Doubled Year Over Year to 14% Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its fourth quarter and year ended December 31, 2024. "Record Q4 sales bookings capped a strong year, validating early traction in our Go-To-Market transformation," said Gleb Budman, CEO of Backblaze. "Not only did we increase sales productivity and won an over $1 million ACV customer in the quarter, we also saw AI starting to meaningfully contribute to the business, with 3 AI companies now in ou
Integration simplifies data backup and recovery, enhancing security and productivity Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud backup and storage, and Kandji, the Apple endpoint management and security platform, today announced a strategic partnership to deliver comprehensive device management and data protection for businesses of all sizes. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250220658069/en/Backblaze and Kandji Announce Partnership (Graphic: Business Wire) Proven results in Apple-first workflows Backblaze and Kandji's solutions have already proven
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, was recognized as a Leader in G2's Winter 2025 Report, earning over 15 badges. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212247920/en/Backblaze was honored to be recognized in G2's Winter 2025 Report and earning over 15 badges in a variety of categories, including: Best Estimated ROI for Object Storage Solutions, High Performer for Storage Management, Fastest Implementation for Storage Management, and Leader for Online Backup and Disaster Recovery. (Graphic: Business Wire) In G2's Winter 2025 Report,
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its fourth quarter and full year ending December 31, 2024 on Tuesday, February 25, 2025 after market close. Following the release of results, Backblaze will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on February 25, 2025 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/327945335 Register to listen by phone: https://registrations.events/direct/Q4I489011 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its com
Latest Release Expands Enterprise Security Options, Makes Data Migration Easier, and Adds Ability to Automate Data Workflows Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, announces the Winter Release of its B2 Cloud Storage platform. This latest Infrastructure-as-a-Service (IaaS) release includes updates to help larger organizations secure and manage their data workflows. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250130301861/en/David Ngo, Chief Product Officer at Backblaze, comments on the B2 Cloud Storage Winter Release and how it supports over
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its fourth quarter and full year ending December 31, 2024 on Tuesday, February 25, 2025 after market close. Following the release of results, Backblaze will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on February 25, 2025 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/327945335 Register to listen by phone: https://registrations.events/direct/Q4I489011 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its com
39% Revenue Growth in B2 Cloud Storage, 29% Revenue Growth Overall in Q3 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 upmarket momentum with two multi-year deals each totaling approximately $1 million," said Gleb Budman, CEO of Backblaze. "We are also aggressively executing cost efficiencies throughout the organization to accelerate being adjusted free cash flow positive by Q4 2025." "I'm proud to share that our Adjusted EBITDA Margin for the q
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/mmc/p/ywn46sgiRegister to listen by phone: https://dpregister.com/sreg/10192395/fd6964326b Phone registrants will receive dial-in information via email. An archive of the webcast wil
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 B2 Live Read in June. This transformative, patent-pending feature enables customers to use their data during the upload process, which has unique value for live broadcast workflows. "Add
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/47dcvumdRegister to listen by phone: https://dpregister.com/sreg/10190613/fcff4b25e9 Phone registrants will receive dial-in information via email. An archive of the webcast will be ava
SAN MATEO, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), a leading specialized storage cloud platform, today announced results for its first quarter ended March 31, 2024. "We had a record start to 2024, with dramatically improved financial metrics year over year including Q1 revenue growth of 28% compared to 20%, and adjusted EBITDA margin of 6% versus -12%," said Gleb Budman, CEO of Backblaze. "Additionally, we continued to deliver innovative products with the recent introduction of Event Notifications, a powerful service that enables customers to build automated workflows using open cloud providers." First Quarter 2024 Financial Highlights: Revenue of $30.0 m
SAN MATEO, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the leading specialized cloud storage platform, will report financial results for its first quarter ending March 31, 2024 on Wednesday, May 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 May 8, 2024 to discuss the results. Attend the webcast: https://edge.media-server.com/mmc/p/5kr5u64iRegister to listen by phone: https://dpregister.com/sreg/10187654/fc08c68b54 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Inve
SAN MATEO, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), a leading specialized storage cloud platform, today announced results for its fourth quarter and year ended December 31, 2023. "Backblaze capped off a strong finish to the year with our B2 Cloud Storage revenue growing 47% in Q4 and delivered adjusted EBITDA profitability for the first time as a public company," said Gleb Budman, CEO of Backblaze. "We exited 2023 with accelerated revenue growth and dramatically improved profitability and cash usage metrics. I'm excited for the coming year as Backblaze continues to move up in the mid-market and help customers who are poorly served by legacy solutions to b
SAN MATEO, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the leading specialized cloud storage platform, will report financial results for its fourth quarter and fiscal year ending December 31, 2023 on Thursday, February 15, 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 February 15, 2024 to discuss the results. Attend the webcast: https://edge.media-server.com/mmc/p/twbh9cnvRegister to listen by phone: https://dpregister.com/sreg/10185341/fb4e51bda7 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly af
SAN MATEO, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the leading specialized storage cloud, today announced results for its third quarter ended September 30, 2023. "In Q3, we passed the $100 million in ARR milestone and are on track to achieve adjusted EBITDA profitability in Q4 through continued strong growth and efficient execution. As part of our leadership in the open cloud movement, we recently added free egress, significant performance improvements, and new functionality to increasingly support our customers' ability to break free from limitations on their data," said Gleb Budman, CEO of Backblaze. "Looking ahead, our recent price increase supports c
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Needham initiated coverage of Backblaze with a rating of Buy and set a new price target of $8.00
Raymond James reiterated coverage of Backblaze with a rating of Outperform and set a new price target of $22.00 from $26.00 previously
Lake Street initiated coverage of Backblaze with a rating of Buy and set a new price target of $28.00
William Blair initiated coverage of Backblaze with a rating of Outperform
Raymond James initiated coverage of Backblaze with a rating of Outperform and set a new price target of $26.00
Oppenheimer initiated coverage of Backblaze with a rating of Outperform
JMP Securities initiated coverage of Backblaze with a rating of Market Outperform and set a new price target of $30.00
B. Riley Securities initiated coverage of Backblaze with a rating of Buy and set a new price target of $29.00
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