Backblaze, Inc. Stock Price, News & Analysis

Backblaze (Nasdaq: BLZE) and CTERA have partnered to offer a cloud-based solution addressing challenges in on-premises data growth and security threats. This collaboration provides IT admins with a modern cloud file storage option that enhances traditional NAS capabilities, enabling tasks like remote workforce empowerment and efficient disaster recovery. The solution comes at a significantly lower cost than existing alternatives, optimizing budgets while improving data management.

Backblaze (Nasdaq: BLZE) has publicly opened its Bugcrowd Bug Bounty Program to all security researchers. This initiative reflects Backblaze's commitment to enhancing cybersecurity, following its investments in security upgrades like server-side encryption for its B2 Cloud Storage API. The company has doubled its Security team over the past year under CISO Mark Potter's leadership. The program aims to identify and mitigate vulnerabilities by engaging ethical hackers, aligning with best practices in an evolving threat landscape.

Backblaze has announced a new Postman Collection for its S3 Compatible API, enhancing accessibility for developers. This initiative aims to simplify API usage with robust documentation available on Postman, facilitating easier onboarding for developers. The integration allows for quick interaction with B2 Cloud Storage through a one-click 'Run in Postman' feature. Backblaze continues to support the developer community, having established various resources since launching the S3 API in 2020. The company serves around 500,000 customers globally, managing over 2 billion gigabytes of data.

Backblaze reported a 28% revenue growth for Q4 2021, totaling $18.7 million. The B2 Cloud Storage segment showed impressive 56% growth with revenues of $6.6 million in Q4. Overall, 2021 revenues reached $67.5 million (+25% YoY). However, the company faced a net loss of $9.6 million in Q4, worsening from a loss of $3.4 million in Q4 2020. Looking ahead, Backblaze projects 2022 revenues between $83 million and $86 million.

Backblaze (Nasdaq: BLZE) announced an initiative allowing retail investors to submit questions for the upcoming Q4 2021 earnings call on February 17, 2022. Through a partnership with Say Technologies, investors can upvote questions to ensure management addresses key concerns during the call. The submission window is open until February 16, 2022. CEO Gleb Budman emphasized the importance of transparency and engagement with all investors. Backblaze, with nearly two exabytes of data storage and close to 500,000 customers globally, highlights its commitment to becoming a leading independent cloud storage provider.

Backblaze, Inc. (NASDAQ: BLZE) announced it will report its fourth quarter 2021 financial results on February 17, 2022, after the market closes. The company will host a conference call and webcast at 2 p.m. PT to discuss these results. Backblaze specializes in cloud storage solutions and serves approximately 500,000 customers globally. The company has amassed nearly two exabytes of data storage and has its headquarters in San Mateo, California.

Backblaze (BLZE) has announced a new partnership with Kasten by Veeam to enhance disaster recovery and business continuity for Kubernetes applications. This collaboration allows companies to back up and restore their Kubernetes applications using Backblaze's B2 Cloud Storage service. Key features include protection against ransomware, regulatory compliance support, and enterprise-grade scalability. Organizations only pay for the storage they use, with no penalties for deleting past backups. This solution aims to address the growing need for robust data protection amid increasing cyber threats.

Backblaze, Inc. (Nasdaq: BLZE) reported strong third quarter results, achieving a 25% revenue growth year-over-year with total revenue of $17.3 million. Notably, B2 Cloud Storage revenue surged 59% YoY, reaching $6.0 million, while Computer Backup revenue increased by 13% to $11.2 million. The company posted a net loss of $6.0 million and adjusted EBITDA of $0.8 million. Annual recurring revenue rose by 28% to $70.8 million, with a net revenue retention rate of 110%. The financial outlook for Q4 2021 projects revenue between $17.7 million and $18.2 million.

Backblaze, Inc. (BLZE) will report its fiscal Q3 2021 financial results on December 13, 2021, after market close. This report is notably delayed as it follows the company's IPO on November 10, 2021. A conference call will take place at 2 p.m. PT to discuss these results, with a webcast available for attendees. Backblaze, a cloud storage platform, provides data management services globally, managing nearly two exabytes of data for clients in over 175 countries since its founding in 2007.