B. Riley Securities initiated coverage on Backblaze with a new price target
$BLZE
Computer Software: Prepackaged Software
Technology
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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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the pricing of its upsized underwritten public offering of 6,250,000 shares of its Class A common stock (the "Common Stock") at a price to the public of $5.60 per share. Closing of the offering is expected to occur on November 22, 2024, subject to customary closing conditions. In addition, Backblaze has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of Common Stock at the public offering price less the underwriting discounts. Oppenheimer & Co. Inc. and Needham & Company, LLC are acting as joint book-running manag
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the launch of a proposed follow-on public offering of $30,000,000 of shares of its Class A common stock (the "Common Stock"). In addition, Backblaze expects to grant the underwriters a 30-day option to purchase up to an additional $4,500,000 of shares of Common Stock from Backblaze at the public offering price less the underwriting discount. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Oppenheimer & Co. Inc. an
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., 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
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
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
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a new partnership with Active Cyber Insurance provider Coalition to help businesses proactively reduce their cyber risk. The partnership provides Coalition's customers with direct access to Backblaze Computer Backup, an enterprise-grade, unlimited, and automatic endpoint backup solution, via the Coalition Control® cyber risk management platform.
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