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) provides innovative cloud storage and backup solutions through its cost-effective Infrastructure-as-a-Service model. This news hub delivers timely updates about the company’s strategic developments, financial performance, and technological advancements in data management.
Access official press releases, earnings reports, and analysis of key initiatives including product launches, partnership announcements, and operational milestones. Investors and industry observers will find curated updates on Backblaze’s cloud storage innovations like Live Read technology, enterprise solutions, and market expansion efforts.
This resource consolidates essential information for tracking BLZE’s progress in the competitive cloud services sector. Content categories include quarterly financial results, leadership updates, service enhancements, and cybersecurity developments. All materials maintain factual focus without speculative commentary.
Bookmark this page for streamlined access to Backblaze’s evolving story in cloud infrastructure. Check regularly for updates that could impact your understanding of the company’s market position and growth trajectory.
Backblaze has launched Backblaze B2 Live Read, a new cloud storage service that allows media production teams to access and edit content while it's still uploading, significantly accelerating workflows.
Live Read eliminates the need for on-premises storage, catering to live event producers. Leading media solution providers like Telestream, Glookast, and Mimir are integrating this service.
Key benefits include real-time highlight creation, reduced on-site staff, and rapid content distribution. The service supports high-resolution workflows and is easily accessible via S3 APIs.
Live Read is currently in private preview, with general availability planned later this year.
On May 16, 2024, Backblaze (Nasdaq: BLZE) announced its new membership in Internet2, a non-profit technology community focused on research and education. The collaboration links Backblaze's Storage Cloud to Internet2's high-speed network through the Internet2 Peer Exchange (I2PX) program. This partnership aims to provide compliant and efficient cloud storage solutions to research and educational institutions dealing with large datasets.
Backblaze will participate in the Internet2 Cloud Scorecard, ensuring its cloud solutions meet security, compliance, and technical standards. Internet2 includes 330 U.S. colleges, universities, and other related organizations. The partnership is designed to address data storage challenges such as ransomware attacks, budget constraints, and compliance issues, offering affordable and efficient data solutions. Backblaze's S3 compatible object storage offers a cost-effective alternative to traditional providers, with significant savings and better egress options.
Backblaze, Inc. (Nasdaq: BLZE) will be presenting at the 19th Annual Needham Technology, Media, & Consumer Conference in New York, NY. The founder and CEO, Gleb Budman, will be presenting on May 15, 2024, at 10:15 a.m. ET. The presentation will be webcasted and available on Backblaze's investor relations website.
Backblaze, Inc. (Nasdaq: BLZE) reported a 28% revenue growth in Q1 2024, with B2 Cloud Storage revenue increasing by 47%. Gross profit increased to $15.8 million, with adjusted EBITDA margin at 6%. The company introduced Event Notifications and announced a partnership with Axle AI. Annual recurring revenue was up 27% to $122.1 million. Financial outlook for Q2 2024 includes revenue between $30.7 to $31.1 million and adjusted EBITDA margin between 6% to 8%. For full-year 2024, revenue is expected to be between $126.0 to $128.0 million.
FAQ
What is the current stock price of Backblaze (BLZE)?
What is the market cap of Backblaze (BLZE)?
