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BLZE Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
16.600
Open
15.090
VWAP
15.65
Vol
2.97M
Mkt Cap
950.40M
Low
14.523
Amount
46.53M
EV/EBITDA(TTM)
93.14
Total Shares
60.00M
EV
911.33M
EV/OCF(TTM)
41.50
P/S(TTM)
5.87
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.
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Events Timeline

(ET)
2026-06-30
09:00:00
Latest Data Shows Wendy's Borrow Rate Rises to 34.75%
select
2026-06-23 (ET)
2026-06-23
16:30:00
Nasdaq Sinks Amid Broad Tech Selloff
select

News

Newsfilter
1.0
07-07Newsfilter
Backblaze Sponsors RAISE Summit and Joins AI Strategy Panel
  • Summit Sponsorship: Backblaze announces its sponsorship of the 2026 RAISE Summit, expected to attract over 9,000 AI leaders and investors, showcasing its expertise in AI infrastructure to address critical issues like data storage and access speed.
  • CEO Panel Participation: Backblaze CEO Gleb Budman will join a leadership panel on sovereign cloud strategy, emphasizing the importance of data control and cost predictability under GPU workloads, demonstrating the company's capabilities in high-throughput storage solutions.
  • AI Startup Competition Judge: Budman will also serve as a judge for RAISE the STAKES, the world's largest AI startup competition with a prize pool exceeding €10 million and over 1,500 applicants, highlighting Backblaze's commitment to supporting AI innovation.
  • Entrepreneur Support Program: Backblaze's James Leaverton will judge the preliminary round and lead the Flamethrower program, offering early-stage AI and data-heavy startups up to $100,000 in storage credits and technical support, further advancing the AI ecosystem.
stocktwits
7.5
06-24stocktwits
Backblaze Secures $335 Million Deal with CoreWeave, Boosting AI Infrastructure Positioning
  • Major Deal Secured: Backblaze has signed a five-year, $335 million agreement with CoreWeave to provide multi-exabyte storage capacity, a move that not only validates Backblaze's positioning in AI infrastructure but also lays the groundwork for future market expansion.
  • Rating Upgrades: Craig Hallum upgraded Backblaze's rating from 'Hold' to 'Buy' and raised the price target from $6.50 to $16, anticipating that this deal will lead to significant upward revisions in Backblaze's 2027 financial estimates, reflecting market confidence in its growth potential.
  • Strong Stock Performance: Following the announcement of the agreement, Backblaze's stock rose 2.9% in premarket trading on Wednesday and gained over 43% in a single session on Tuesday, marking its best performance since March 2024, indicating investor optimism about the company's prospects.
  • Retail Sentiment Surge: Retail chatter surrounding Backblaze surged by 18,900% in the past 24 hours, with market sentiment shifting from 'bearish' to 'extremely bullish', suggesting a significant increase in investor confidence that further propelled the stock price upward.
stocktwits
8.5
06-24stocktwits
Boundless Bio Merges with Serapha Bio, Stocks Surge
  • Boundless Bio Merger: Boundless Bio shares reached a 52-week high of $2.75 after agreeing to merge with private biotech firm Serapha Bio in an all-stock deal, focusing on developing clinical-stage gene-editing treatments for severe Alpha-1 Antitrypsin Deficiency.
  • Funding Support: The merger includes $230 million in funding from healthcare investors, which is expected to provide essential capital for Boundless Bio's drug development and clinical trials, thereby strengthening its market position in the gene-editing space.
  • Backblaze Major Agreement: Backblaze shares climbed to a two-year high of $11.85 after announcing a five-year, approximately $335 million deal with AI cloud provider CoreWeave, positioning Backblaze as a key storage provider for large-scale AI workloads.
  • Market Sentiment Shift: As Boundless Bio and Backblaze stocks surged, investor sentiment significantly improved, with Boundless Bio's sentiment shifting from neutral to 'extremely bullish' and Backblaze's sentiment moving from bearish to 'extremely bullish'.
stocktwits
4.5
06-24stocktwits
Semiconductor and AI Stocks Face Selloff Pressure
  • Market Selloff: Semiconductor and AI stocks faced significant selling pressure as weakness in Asian chip shares spilled over to the U.S. market, with the VanEck Semiconductor ETF falling 7% and the Philadelphia Semiconductor Index dropping nearly 8%, indicating investor concerns over AI-driven memory demand that could impact future investment decisions.
  • U.S. Futures Volatility: Despite a lower close for U.S. stocks on Tuesday, Nasdaq 100 futures rose 0.7% and S&P 500 futures increased by 0.2% as of 9 p.m. ET, reflecting cautious optimism in the market ahead of upcoming economic data and earnings reports that may influence short-term trading strategies.
  • Oil Prices Stabilize: With easing tensions between the U.S. and Iran, West Texas Intermediate crude traded near $73 a barrel while Brent crude remained below $80, indicating a diminishing market reaction to geopolitical risks that could affect investor sentiment in the energy sector.
  • Stock Movements: Cerebras Systems saw an 11% drop after its post-IPO earnings report showed strong revenue growth but a wider-than-expected adjusted loss, while Palantir Technologies hit a fresh 52-week low despite announcing a partnership with Zeta Global, suggesting ongoing demand for AI infrastructure but insufficient investor confidence.
stocktwits
4.5
06-23stocktwits
U.S. Stocks Plunge as Tech Sector Faces Pressure
  • Market Decline: The S&P 500 fell by 1.4%, the Nasdaq 100 dropped 3.3%, and the Dow Jones slipped 0.1%, indicating a waning investor confidence in tech stocks as doubts about the sustainability of the AI boom emerge.
  • Semiconductor ETF Plunge: The VanEck Semiconductor ETF (SMH) plummeted 7%, primarily driven by declines in shares of Micron, Broadcom, and Nvidia, reflecting market concerns over the semiconductor sector's outlook and prompting investors to reassess their strategies.
  • Investor Sentiment Shift: While retail sentiment for SPY was bearish, QQQ and DIA showed bullish sentiment, indicating a divergence in market perceptions that could influence future capital flows across different sectors.
  • Foreign Selling Intensifies: The drop in South Korean equities, coupled with foreign institutional investors offloading approximately $2.5 billion in Kospi shares, exacerbates concerns that the recent boom in tech and AI stocks may be overblown, potentially leading to a decline in global investor confidence in these assets.
Newsfilter
8.5
06-23Newsfilter
NeOnc Technologies Secures Drug Authorization, Market Focuses on Clinical Progress
  • Clinical Authorization Breakthrough: NeOnc Technologies has received Investigational New Drug authorization from the Department of Health–Abu Dhabi for its NEO100 program, covering adult Phase 1 to Phase 2 studies and establishing a pathway for pediatric development in high-grade gliomas, significantly expanding its international clinical footprint and potentially accelerating parallel advancement of multiple development stages.
  • Investor Focus on Data Release: The company expects to report NEO100-01 Phase 2a clinical data by the end of July 2026, and positive results could support discussions for additional regulatory pathways, enhancing market confidence in its product pipeline.
  • Gene Editing Strategic Shift: The merger between Boundless Bio and Serapha Bio will create a company focused on gene-editing therapies for Alpha-1 Antitrypsin Deficiency, backed by approximately $230 million in financing, which is expected to support the completion of Phase 2 and initiation of Phase 3 for SERP-01, addressing a significant unmet medical need.
  • Data Storage Agreement Surge: Backblaze has signed a five-year, multi-exabyte data storage agreement valued at approximately $335 million with CoreWeave, positioning itself as a key storage provider to meet the growing demand for AI computing capacity, thereby solidifying its strategic position within the rapidly evolving AI ecosystem.
Wall Street analysts forecast BLZE stock price to rise
6 Analyst Rating
Wall Street analysts forecast BLZE stock price to rise
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
8.00
Averages
9.50
High
11.00
Current: 0.000
sliders
Low
8.00
Averages
9.50
High
11.00
Needham
Matt Dezort
Buy
maintain
$14
AI Analysis
2026-06-24
Reason
Needham
Matt Dezort
Price Target
$14
AI Analysis
2026-06-24
maintain
Buy
Reason
Needham analyst Matt Dezort raised the firm's price target on Backblaze to $14 from $8.50 and keeps a Buy rating on the shares.
Lake Street
Eric Martinuzzi
Buy
maintain
$11 -> $14
2026-06-24
Reason
Lake Street
Eric Martinuzzi
Price Target
$11 -> $14
2026-06-24
maintain
Buy
Reason
Lake Street analyst Eric Martinuzzi raised the firm's price target on Backblaze (BLZE) to $14 from $11 and keeps a Buy rating on the shares after the company announced a $335M TCV agreement with CoreWeave (CRWV) to provide hard-disk drive cloud storage for AI workloads. The firm views the deal as "a significant validation of Backblaze's AI storage strategy," as well as its competitive positioning and ability to serve large-scale AI infrastructure customers, the analyst tells investors.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for BLZE
Unlock Now

Valuation Metrics

The current forward P/E ratio for Backblaze Inc (BLZE.O) is 178.57, compared to its 5-year average forward P/E of 17.82. For a more detailed relative valuation and DCF analysis to assess Backblaze Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
17.82
Current PE
178.57
Overvalued PE
175.08
Undervalued PE
-139.44

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-36.84
Current EV/EBITDA
105.18
Overvalued EV/EBITDA
166.85
Undervalued EV/EBITDA
-240.53

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
2.38
Current PS
5.01
Overvalued PS
3.78
Undervalued PS
0.98

Financials

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Frequently Asked Questions

What is Backblaze Inc (BLZE) stock price today?

The current price of BLZE is 15.84 USD — it has increased 3.53

What is Backblaze Inc (BLZE)'s business?

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.

What is the price predicton of BLZE Stock?

Wall Street analysts forecast BLZE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLZE is9.50 USD with a low forecast of 8.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Backblaze Inc (BLZE)'s revenue for the last quarter?

Backblaze Inc revenue for the last quarter amounts to 38.67M USD, increased 11.71

What is Backblaze Inc (BLZE)'s earnings per share (EPS) for the last quarter?

Backblaze Inc. EPS for the last quarter amounts to -0.10 USD, decreased -41.18

How many employees does Backblaze Inc (BLZE). have?

Backblaze Inc (BLZE) has 320 emplpoyees as of July 08 2026.

What is Backblaze Inc (BLZE) market cap?

Today BLZE has the market capitalization of 950.40M USD.