By Josh Beckerman Backblaze shares rose Thursday after the cloud-storage provider raised the lower end of its 2023 revenue guidance due to price increases.
Backblaze (NASDAQ:BLZE – Free Report) had its price objective hoisted by Raymond James from $10.00 to $11.00 in a report released on Wednesday morning, Benzinga reports. Raymond James currently has an outperform rating on the stock. Separately, Oppenheimer reiterated an outperform rating and issued a $7.50 price objective on shares of Backblaze in a report […]
Perkins Capital Management Inc. lifted its position in shares of Backblaze, Inc. (NASDAQ:BLZE – Free Report) by 27.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,335 shares of the company’s stock after acquiring an additional 22,225 shares during […]
Backblaze, Inc. (BLZE) delivered earnings and revenue surprises of 7.69% and 1.33%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
Cloud backup firm Backblaze frequently shares drive failure stats for its fleet of HDDs (and SSDs), and its latest storage report might make you think twice about investing in one particular capacity.