Backblaze (BLZE) to Release Earnings on Thursday

Backblaze (NASDAQ:BLZE) is projected to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Backblaze to post earnings of ($0.09) per share and revenue of $33.73 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Backblaze Price Performance

Shares of NASDAQ BLZE opened at $7.46 on Wednesday. The stock has a market capitalization of $331.36 million, a PE ratio of -6.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. The business has a fifty day moving average price of $6.48 and a two-hundred day moving average price of $6.50. Backblaze has a fifty-two week low of $4.91 and a fifty-two week high of $12.65.

Wall Street Analysts Forecast Growth

BLZE has been the subject of several analyst reports. B. Riley dropped their price objective on Backblaze from $11.50 to $11.00 and set a “buy” rating for the company in a report on Tuesday. Raymond James lifted their price objective on Backblaze from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

Insider Activity

In related news, VP Tina Cessna sold 8,874 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.42, for a total transaction of $56,971.08. Following the sale, the vice president now owns 144,566 shares in the company, valued at $928,113.72. The trade was a 5.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gleb Budman sold 10,321 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.42, for a total value of $66,260.82. Following the sale, the chief executive officer now owns 1,864,646 shares in the company, valued at $11,971,027.32. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

About Backblaze

Backblaze, Inc, a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.