Backblaze, Inc. Stock Price, News & Analysis

Backblaze (Nasdaq: BLZE) has unveiled significant security enhancements to its cloud storage platform, introducing several key features to strengthen data protection and management capabilities. The update includes AI-powered Anomaly Alerts for detecting suspicious activities, a new enterprise web console with role-based access controls, and granular Bucket Access Logs for detailed operation tracking.

Additional features include Event Notifications for real-time alerts, Multi-Bucket Application Keys for improved access control, and Scalable Application Keys supporting up to 10,000 unique keys per minute. The platform also introduces Custom Upload Timestamps for maintaining data integrity and compliance requirements.

Backblaze (Nasdaq: BLZE) has launched Legal Hold, a new feature for its Computer Backup with Enterprise Control service. This feature enables businesses to preserve complete backup histories with a single click, addressing legal, regulatory, and HR data retention requirements without additional costs.

The Legal Hold feature includes key capabilities such as instant activation through the Enterprise Control console, background operation without system impact, unlimited version retention, and secure data encryption. The service offers instant file retrieval with encrypted drive delivery options and is immediately available to all Backblaze Computer Backup with Enterprise Control customers at no extra cost.

Backblaze (Nasdaq: BLZE) has announced a significant expansion of its data center presence in the US-East region, strengthening its position in the open cloud market. The expansion doubles the company's data footprint in the region, enhancing high-speed data transfer capabilities for B2 Overdrive customers and Internet2 community members.

The strategic growth specifically targets complex workflows in AI, high-performance compute (HPC), and media and entertainment sectors. Through the Internet2 peer exchange (I2PX) connection, customers can transfer data between US-East and US-West regions at high speeds, supporting cloud-first disaster recovery strategies and enhanced geographical diversity in data storage options.

Backblaze (Nasdaq: BLZE), a cloud storage provider, has scheduled its second quarter 2025 financial results announcement for Thursday, August 7, 2025, before market open. The company will host a conference call and webcast at 5:00 a.m. PT (8:00 a.m. ET) on the same day to discuss the results.

Interested parties can attend the webcast through the company's event portal or register to listen via phone. An archive of the webcast will be made available on the Backblaze Investor Relations website shortly after the event.

Backblaze (BLZE) released an independent economic validation report by Enterprise Strategy Group (ESG) demonstrating significant cost advantages of its B2 Cloud Storage over traditional providers. The analysis reveals up to 3.2x lower total cost of ownership (TCO), with monthly storage costs reduced by up to 56% and download/transaction costs lowered by up to 100%. The report highlights operational efficiencies including 92% reduction in data management time and significant migration cost savings - up to 89% for on-premises migrations and 91% for cloud-to-cloud transfers. Backblaze B2's benefits apply across various use cases including content hosting, application development, AI model storage, media management, data backup, and ransomware protection. The platform offers 3x free egress, transparent pricing, and enterprise-grade security features.

Backblaze (BLZE) announced that its customer IDC LA, a media post-production leader, achieved a 75% cost reduction by implementing Backblaze B2 Cloud Storage as their primary off-site backup solution. IDC LA integrated Backblaze's S3 Compatible API to enable nightly backups of client content and serve as a high-availability nearline storage tier. The implementation helped IDC LA improve operational efficiency, enhance disaster readiness, and provide predictable cost forecasting. The solution particularly benefited IDC LA's data management platform and digital asset management (DAM) systems, allowing them to maintain performance while reducing on-premises load. Ryan Gladden, IDC LA's Director of Mastering & Emerging Technology, emphasized the solution's cost predictability and high availability benefits.

Backblaze (NASDAQ: BLZE) has secured a new $20 million senior secured revolving credit facility with Citizens Bank, including a $3 million letter of credit sub-facility. The company enters this agreement from a position of financial strength, with over $50 million in cash and marketable securities as of March 31, 2025. This credit facility, combined with their November 2024 oversubscribed equity offering of $37.5 million, enhances their financial flexibility and liquidity. The facility's interest rate is set at adjusted SOFR plus 3.25% or an alternate base rate plus 2.25%. The initial term is 2 years with a one-year extension option, and includes standard financial covenants and fees.

Backblaze (BLZE) announced its participation in a panel discussion titled "Building a Developer Community" at the upcoming AI DevSummit 2025 in San Francisco. The company's Chief Technical Evangelist, Pat Patterson, will join executives from Zoom, Neo4j, Captivate.dev, and Catchy to share insights on developer community building and its organizational benefits.

The panel, scheduled for May 29, 2025, at 10:30 a.m. PT, will focus on how Backblaze leverages developer feedback to enhance its cloud storage APIs and build trust in the AI development community. The company's approach includes open-source contributions, developer-focused content, and direct engagement at events.

Backblaze (NASDAQ: BLZE) has released its Q1 2025 Drive Stats report, analyzing the reliability of 317,833 hard drives managing over four exabytes of data across its global data centers. Key findings include:

The quarterly failure rate slightly increased from 1.35% to 1.42%, with detailed AFR statistics for 26 drive models. Four models achieved zero failures, including a 4TB HGST drive and three Seagate models (8TB, 12TB, and 14TB). High-capacity drives (20TB+) demonstrated superior performance with a 0.72% AFR, though these drives are less than a year old.

The company implemented a new data analysis process using Backblaze B2 Cloud Storage, Snowflake, and Trino for optimized data collection. The raw data is freely available for download, contributing to the industry's largest public dataset on hard drive reliability.