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. reports developments in cloud storage, data protection, and infrastructure services for businesses, developers, managed service providers, and consumers. The company’s platform includes B2 Cloud Storage, an infrastructure-as-a-service cloud object storage offering, and Computer Backup, a software-as-a-service backup product.
Backblaze news commonly covers quarterly financial results, B2 growth trends, AI and data-intensive workloads, neocloud demand, media workflow partnerships, performance and network benchmark reports, channel recognition, leadership changes, and investor conference participation. Company updates also highlight use cases such as AI training data, generative media, application storage, cyber resilience, and critical data protection.
Backblaze (Nasdaq: BLZE) will announce its financial results for Q2 2022 on August 9, 2022, after market close. A conference call and webcast will follow at 1:30 p.m. PT to discuss the results. Shareholders can submit questions via the Say Connect platform from August 2 to August 8. Backblaze, established in 2007, provides a cloud storage platform for businesses and individuals, managing nearly two exabytes of data for over 500,000 customers globally.
Backblaze (Nasdaq: BLZE) has partnered with Veritas to integrate B2 Cloud Storage within Veritas’ Backup Exec service. This collaboration aims to provide small and midsize businesses with a cost-effective, S3-compatible object storage solution for data backup and recovery. Backup Exec simplifies data management across various storage devices, allowing easy configuration for B2 Cloud Storage at a fraction of traditional costs. The partnership emphasizes simplification, hybrid-cloud adoption, and reduced costs, with B2 Cloud Storage offered at one-fifth the price of conventional options.
Backblaze partners with Carahsoft Technology Corp. to enhance access to its B2 Cloud Storage services for federal, state, and local government agencies, as well as educational institutions. This partnership addresses common barriers to cloud adoption by offering cost-effective and transparent solutions. Backblaze's recent introduction of B2 Reserve pricing is expected to support growing demand among public sector CIOs, who are increasingly focused on optimizing cloud expenditures amidst rising on-site IT costs. The collaboration allows Backblaze to utilize Carahsoft’s procurement networks.
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Backblaze, Inc. (Nasdaq: BLZE) has launched its new Cloud Replication service, designed to meet the growing demands for data redundancy, compliance, and accessibility. Available from June 7, 2022, this service allows businesses to auto-store data in multiple cloud locations, making data management simpler and more cost-effective compared to traditional vendors. The service supports 3-2-1 data protection strategies in cloud infrastructures, enhancing data durability for various sectors including education, finance, and government.
Backblaze, Inc. (Nasdaq: BLZE) has launched a new Channel Partner Program aimed at enhancing cloud adoption through partnerships. This initiative follows the introduction of the Backblaze B2 Reserve capacity billing model. The program provides partners with resources, rewards, and support, including joint marketing efforts, channel-exclusive pricing, and automated deal registration. Senior Director Elton Carneiro emphasized the importance of equipping partners with tools to engage a wider customer base. The program is open for inquiries, with additional resources to be released soon.
Backblaze (Nasdaq: BLZE) reported strong performance for Q1 2022, achieving 27% overall revenue growth and 48% growth in its B2 Cloud Storage segment. Total revenue reached $19.5 million, with a net loss of $(12.5) million. Annual Recurring Revenue (ARR) stood at $79 million, reflecting a 28% year-over-year increase. The company introduced new features like Universal Data Migration and B2 Reserve.
For Q2, revenue is projected between $20.2 million and $20.6 million, maintaining a positive outlook for the year.
Backblaze, a leading storage cloud platform (Nasdaq: BLZE), announced that retail investors can now submit and upvote questions for its upcoming Q1’22 earnings call on May 5, 2022. This initiative aims to enhance investor engagement and transparency. Investors must visit the Say Connect platform to participate. Questions can be submitted until May 4, 2022, at 1:30 p.m. PT. Backblaze supports approximately 500,000 customers worldwide and manages nearly two exabytes of data storage.
Backblaze, a leading independent storage cloud platform, will announce its financial results for Q1 2022 on May 5, 2022, after market close. A conference call and webcast to discuss the results will follow at 1:30 p.m. PT. Shareholders will have the opportunity to submit and upvote questions for the management to address during this call, with the submission platform open from April 28 to May 4. Backblaze manages nearly two exabytes of data and serves around 500,000 customers globally.
Backblaze (Nasdaq: BLZE) announced the conversion of a portion of its founders' Class B shares to Class A shares as part of Rule 10b5-1 automatic stock trading plans. The founders will retain approximately 80% of their shares post-sale and emphasize a positive long-term outlook for the company. The sales aim to diversify their portfolios after 15 years without major monetization opportunities. Daily sales of 2,000 Class A shares are scheduled to begin after the IPO lock-up release on May 10, 2022. The company manages nearly two exabytes of data for about 500,000 customers worldwide.