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Backblaze, Inc. - BLZE STOCK NEWS

Welcome to our dedicated page for Backblaze news (Ticker: BLZE), a resource for investors and traders seeking the latest updates and insights on Backblaze stock.

Backblaze, Inc. (Nasdaq: BLZE) is a prominent provider of cloud storage and backup solutions. Founded in 2007 and headquartered in San Mateo, CA, Backblaze offers a range of services designed to make data storage, management, and protection easy and affordable for individuals and businesses worldwide.

The company's flagship product, Backblaze B2 Cloud Storage, is a consumption-based Infrastructure-as-a-Service (IaaS) solution that allows customers to store and manage data efficiently. Ideal for developers and IT professionals, B2 Cloud Storage supports use cases such as backups, multi-cloud setups, application development, and ransomware protection. Priced at $0.005/GB/month, it is one of the most cost-effective solutions in the market.

Another key offering is Backblaze Computer Backup, which provides unlimited backup for personal and business computers at $5/month. This service automatically backs up data from laptops and desktops, ensuring that critical information is always protected and accessible.

The company's robust cloud infrastructure, known as the Backblaze Storage Cloud, supports over three billion gigabytes of data for more than 500,000 customers across 175 countries. Backblaze's solutions are integral for building applications, hosting content, managing media, and archiving important data.

Recent achievements highlight Backblaze's commitment to innovation and expansion. The company reported 47% revenue growth in B2 Cloud Storage and 25% overall revenue growth in Q4 2023. Additionally, Backblaze has been added to Carahsoft’s NASPO ValuePoint contract, simplifying procurement processes for state, local, and educational institutions. This partnership enhances Backblaze’s reach in the public sector, offering affordable and reliable data management solutions.

In the media and entertainment sector, Backblaze has joined the Trusted Partner Network (TPN), demonstrating its commitment to rigorous information security standards. This membership is crucial for safeguarding intellectual property and ensuring secure content exchange.

Furthermore, Backblaze has launched Live Read, a patent-pending feature that enhances media workflows by allowing teams to edit and share content while files are still uploading. This innovative service is set to revolutionize live media use cases, speeding up engagement and revenue generation.

Backblaze's dedication to affordability, ease of use, and security makes it a leading choice for cloud storage and backup. For more information, visit www.backblaze.com.

News

Backblaze Achieves StateRAMP Progressing Snapshot and TX-RAMP Provisional Authorizations

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Backblaze, Inc. (BLZE) has earned inclusion in StateRAMP’s Progressing Snapshot and the TX-RAMP Provisional programs, enhancing data security for education and government entities. The programs standardize security requirements, empowering public institutions to level up their security posture with verified security standards.
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Backblaze’s Solutions Now Available on Carahsoft’s NASPO ValuePoint Contract

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Backblaze, Inc. and Carahsoft Technology Corp. announce the addition of Backblaze's cloud storage solutions to Carahsoft's NASPO ValuePoint contract, providing affordable and flexible data management options for Public Sector agencies. This partnership streamlines procurement processes, offering competitive pricing and reliable contracts.
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Backblaze Announces Fourth Quarter and Full Year 2023 Financial Results

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Backblaze, Inc. (BLZE) reports a strong finish to 2023 with a 47% revenue growth in B2 Cloud Storage and 25% revenue growth overall in Q4. The company achieved adjusted EBITDA profitability for the first time as a public company, showing accelerated revenue growth, improved profitability, and cash usage metrics. Key financial highlights include revenue of $28.7 million in Q4, with B2 Cloud Storage revenue at $14.0 million. Full-year 2023 revenue was $102.0 million, with B2 Cloud Storage revenue at $46.4 million. Operational highlights include an increase in annual recurring revenue, net revenue retention rate, and number of customers. Backblaze also launched new products and features, such as Powered by Backblaze and Backblaze Computer Backup With Enterprise Control. The company's financial outlook for Q1 2024 and full-year 2024 shows expected revenue and adjusted EBITDA margin ranges.
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Backblaze Launches Powered by Backblaze to Enable Platform Providers to Offer Cloud Storage

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Backblaze, Inc. (Nasdaq: BLZE) launches 'Powered by Backblaze' program, offering Custom Domains and Partner API to enable businesses to seamlessly provide cloud storage for their customers. The program aims to simplify the offering of object storage within branded user experiences, empowering companies to focus on customer success and revenue growth. Custom Domains and the Backblaze Partner API are the two key features of the program, allowing businesses to serve content to end users from their chosen web domain and provision Backblaze B2 Cloud Storage storage accounts from within their own platform, respectively.
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Backblaze to Announce Fourth Quarter and Fiscal Year 2023 Results on February 15, 2024

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Backblaze, Inc. (Nasdaq: BLZE) will report financial results for its fourth quarter and fiscal year ending December 31, 2023 on February 15, 2024. The company will host a conference call and webcast to discuss the results. Shareholders can submit and upvote questions in advance through the Say Connect platform.
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Backblaze Names David Ngo Chief Product Officer

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Backblaze, Inc. (Nasdaq: BLZE) has appointed David Ngo as Chief Product Officer (CPO), a veteran in the Software as a Service (SaaS) data protection industry. Ngo will lead the global product management function, shaping strategy, technology roadmap, and execution. With over 500,000 customers and three billion gigabytes of data storage under management, Backblaze aims to continue its success in moving up-market and guiding overall product direction for existing and emerging customer needs.
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Backblaze Launches Enterprise Control to Support Advanced Administration and Data Protection Needs

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Backblaze, Inc. (Nasdaq: BLZE) launches Backblaze Computer Backup with Enterprise Control, enhancing endpoint backup solutions for businesses and individuals. The new feature set offers fine-grained permissions, advanced single sign-on, group management controls, and compliance support, catering to large businesses' administration and data protection needs.
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Backblaze Serves Demand for Storing Data in More Places with CoreSite’s Colocation and Connectivity Solutions

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Backblaze, Inc. (Nasdaq: BLZE) partners with CoreSite to expand its cloud storage services in the eastern U.S., enhancing data resilience and geographic diversity. CoreSite's Reston, Virginia data center provides redundant infrastructure, robust security, and native cloud onramps for easy data replication without egress fees.
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Backblaze Announces Third Quarter 2023 Financial Results

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BLZE: Backblaze, Inc. announces 31% B2 Cloud Storage revenue growth and 15% overall revenue growth in Q3 2023. The company reached $100 million in ARR and expects adjusted EBITDA profitability in Q4. Revenue was $25.3 million, with a net loss of $16.1 million. B2 Cloud Storage ARR was $46.8 million, showing a 31% YoY increase.
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Backblaze Improves Performance with Breakthrough Storage Cloud Innovation

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Backblaze, Inc. announces 'shard stash,' a new data upload technology that improves upload speeds for small files by up to 30% compared to AWS S3. The increased speeds benefit customers of Backblaze B2 Cloud Storage, especially those who rely on small file uploads. The performance upgrades secure data in offsite backup faster, free up time for IT administrators, and decrease congestion on network bandwidth.
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FAQ

What is the current stock price of Backblaze (BLZE)?

The current stock price of Backblaze (BLZE) is $5.63 as of November 21, 2024.

What is the market cap of Backblaze (BLZE)?

The market cap of Backblaze (BLZE) is approximately 249.1M.

What services does Backblaze, Inc. provide?

Backblaze offers cloud storage and backup solutions, including B2 Cloud Storage and Computer Backup for individuals and businesses.

How much does Backblaze's computer backup service cost?

Backblaze offers unlimited computer backup for $5 per month per machine.

What is Backblaze B2 Cloud Storage?

B2 Cloud Storage is a consumption-based IaaS solution for storing data, building applications, and managing media, priced at $0.005/GB/month.

How many customers does Backblaze serve?

Backblaze serves over 500,000 customers in more than 175 countries.

What recent achievements has Backblaze reported?

Backblaze reported 47% revenue growth in B2 Cloud Storage and 25% overall revenue growth in Q4 2023.

What is the NASPO ValuePoint contract addition?

Backblaze's products have been added to Carahsoft’s NASPO ValuePoint contract, simplifying procurement for public sector entities.

What is Backblaze's Live Read feature?

Live Read allows media teams to edit and share content while files are still uploading, speeding up workflows and engagement.

What regions contribute to Backblaze's revenue?

The majority of Backblaze's revenue comes from the United States, with additional contributions from the United Kingdom, Canada, and other regions.

What is the Trusted Partner Network (TPN), and why is Backblaze a member?

TPN is an initiative to advance content security in the media industry. Backblaze's membership demonstrates its commitment to rigorous information security standards.

What is Backblaze's approach to cloud storage for educational institutions?

Backblaze has joined Internet2 to provide compliant, affordable, and high-performance cloud storage solutions for educational and research institutions.

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Backblaze, Inc.

Nasdaq:BLZE

BLZE Rankings

#3682 Ranked by Market Cap
N/A Ranked by Dividends

BLZE Stock Data

249.08M
34.47M
22.37%
37.48%
2.49%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
SAN MATEO