Backblaze earnings how to#
Backblaze earnings software#
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Backblaze earnings how to#

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Get a free copy of the research report on Backblaze (BLZE).

It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.

Backblaze earnings software#

The company offers cloud services through a web-scale software infrastructure built on commodity hardware. Backblaze Company Profileīackblaze, Inc, a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. Institutional investors and hedge funds own 12.85% of the company’s stock. IL acquired a new stake in Backblaze in the first quarter valued at about $140,000. State Street Corp acquired a new stake in Backblaze in the first quarter valued at about $261,000. Renaissance Technologies LLC acquired a new stake in Backblaze in the first quarter valued at about $620,000. now owns 116,228 shares of the company’s stock valued at $1,239,000 after purchasing an additional 8,536 shares during the period.

lifted its position in Backblaze by 7.9% in the first quarter. now owns 412,992 shares of the company’s stock worth $4,407,000 after buying an additional 301,271 shares during the period. boosted its stake in shares of Backblaze by 269.7% during the first quarter.

Several hedge funds have recently made changes to their positions in the business. Institutional Investors Weigh In On Backblaze Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of 20.38. Lake Street Capital decreased their price objective on shares of Backblaze from $21.00 to $13.00 in a research note on Friday, May 6th. Riley decreased their price objective on shares of Backblaze from $23.00 to $16.50 in a research note on Friday, May 6th. Let’s take a look.BLZE has been the subject of several research analyst reports. So, color us more than curious.īut before we sign off, we have new numbers from Backblaze that give us a nibble at its Q3 results. And when double-digit multiples applied to profit and not revenue. Its IPO is a harkening back to the time when it was somewhat difficult to convince private-market investors to value your company in the nine-figures, let alone 10. Which makes Backblaze nearly unique from our perspective. The examples roll from memory: Robinhood was worth dozens of billions when it went public Coinbase was as well when it direct listed NerdWallet is going to be a public unicorn merely on the strength of the written word and AllBirds? More like AllUnicorn. Indeed, even some of the smaller or less traditional companies that we’ve seen debut in recent quarters have had valuations north of $1 billion. Which is notable given the sheer heft of many tech companies we’ve seen go public lately. That means that Backblaze is going public as a non-unicorn. Quick extrapolation indicates that at the top end of its price range, Backblaze’s IPO could value the storage firm at $684.3 million. Notably the company’s fully diluted valuation is quite a bit higher, with Renaissance Capital reporting that at $16 per share, Backblaze’s valuation inclusive of shares that have been earned, if not yet exercised via options or similar, to be $644 million. And it has, namely an S-1/A filing indicating that the company expects to price its IPO between $15 and $17 per share.Īt its IPO price range and 28,545,893 shares expected to be outstanding after its IPO, Backblaze is worth $428.2 million to $485.3 million. Since it was smaller in revenue terms than most tech companies going public these days, we deferred on judging its worth until Backblaze itself provided some guidance. But when it came to pricing, we had little idea of how to value the company. With a central core of content to help power customer acquisition and a huge swath of customers, it was an interesting cloud storage play. When Backblaze first filed to go public, TechCrunch found it a compelling company.