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 |
|---|---|---|---|
| 6/24/2025 | $7.00 | Mkt Outperform | Citizens JMP |
| 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 |
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
Independent analysis proves businesses can unlock innovation with up to 56% lower monthly storage cost and up to 100% lower cost of downloads and transactions Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the release of an independent third-party economic validation report conducted by Informa TechTarget's Enterprise Strategy Group (ESG). The report confirms that Backblaze B2 Cloud Storage delivers significant reduction in total cost of ownership (TCO) compared to legacy hyperscalers. In addition to more predictable pricing and cost savings, Backblaze B2 also enables operational simplicity and impr
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced their customer IDC LA was able to achieve a 75% reduction in cost by leveraging Backblaze B2 Cloud Storage as their primary off-site backup solution. IDC LA needed a scalable, secure, and cost-effective solution for disaster recovery and nearline storage. Their prior cloud vendor was expensive and inflexible, creating challenges in managing large volumes of high-value media. With tight turnaround times and demanding client expectations, they required predictable costs and rapid access to protect both their content and their reputation for security. "W
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the successful closing of a senior secured revolving credit facility in an aggregate principal amount of up to $20.0 million (the "Credit Facility"), of which an aggregate amount of up to $3.0 million will be available through a letter of credit sub facility, with Citizens Bank, N.A. ("Citizens"). Backblaze enters into the agreement with a strong liquidity profile, including more than $50 million in cash and marketable securities as of March 31, 2025. "Coupled with our recent $37.5 million oversubscribed equity offering in November 2024, this new credit
Panel to discuss strategies for building meaningful developer communities and how they impact tech organizations. Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced it will join a panel at this year's AI DevSummit titled, "Building a Developer Community." The invite-only panel is a part of the DevMarketing at DeveloperWeek Leadership track at the conference. This panel, featuring executives from Zoom, Neo4j, Captivate.dev, and Catchy, will center around how these executives are building developer communities, the benefits that work has brought to their organizations, and how these communities have sup
Web application leverages modern architecture for streamlined user administration and enhanced cloud storage security Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a private preview program for its new enterprise web console which includes robust features like role-based access controls (RBAC) and mandatory multi-factor authentication (MFA) for improved cloud security. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250522010674/en/Backblaze's upcoming Enterprise Web Console showcasing SCIM configuration. The web console streamlines the ab
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced participation in the following investor conference: 20th Annual Needham Technology, Media & Consumer Conference, New York, NY. Gleb Budman, CEO of Backblaze, will participate in a fireside chat on Tuesday, May 13, 2025, at 3:45 p.m. ET The fireside chat will be webcast live. 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 clo
23% Revenue Growth in B2 Cloud Storage, 15% Revenue Growth Overall in Q1 2025 Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its first quarter ended March 31, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250507174214/en/ "Backblaze continued its upward trajectory, and I am proud to report that in Q1, we grew 15% year over year. And we signed our largest contractual commitment consisting of a multi-million dollar contract over a multi-year period. We delivered increased B2 revenue growth of 23%; powerful proof for how e
New Offering Expands Platform's Proven Performance, Tech Stack & GPU Cloud Interoperability, and Affordability for Use Cases with Extreme Throughput Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced Backblaze B2 Overdrive, a high-performance cloud storage solution delivering terabit-speed throughput starting at $15 per terabyte—a fraction of competitors' costs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429502237/en/Backblaze Launches B2 Overdrive. Built for organizations pushing the limits of data throughput performance, B2 Overdrive
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its first quarter ending March 31, 2025 on Wednesday, May 7, 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 May 7, 2025 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/343201800 Register to listen by phone: https://registrations.events/direct/Q4I489013 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Investor Relation
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced they were the recipient of the National Association of Broadcasters (NAB) Show 2025 Product of the Year Award in the Cloud Computing and Storage category for the Scalable Application Keys feature released for their Backblaze B2 Cloud Storage platform. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250410185730/en/Backblaze Chief Product Officer David Ngo on the benefits of Scalable Application Keys for Backblaze B2 Cloud Storage. Organizations managing feeds from large networks of cameras and d
Citizens JMP initiated coverage of Backblaze with a rating of Mkt Outperform and set a new price target of $7.00
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
8-K - Backblaze, Inc. (0001462056) (Filer)
8-K - Backblaze, Inc. (0001462056) (Filer)
8-K - Backblaze, Inc. (0001462056) (Filer)
10-Q - Backblaze, Inc. (0001462056) (Filer)
8-K - Backblaze, Inc. (0001462056) (Filer)
10-K/A - Backblaze, Inc. (0001462056) (Filer)
DEFA14A - Backblaze, Inc. (0001462056) (Filer)
DEF 14A - Backblaze, Inc. (0001462056) (Filer)
8-K - Backblaze, Inc. (0001462056) (Filer)
S-8 - Backblaze, Inc. (0001462056) (Filer)