NASDAQ:BLZE
Backblaze (BLZE)
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Technical Analysis 
Jul 2, 2026, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
Backblaze (BLZE-Q) has shown promising growth in its cloud storage division, which constitutes 57% of total revenues, achieving a notable 25% growth in the last quarter. However, the computer backup sector remains stagnant. Despite facing significant competition from industry giants like Microsoft and Google, the company is winning new business and reported a slightly lower-than-expected net loss in Q1. While the free cash flow is still negative, management is optimistic about positive cash flow for the year. AI-related earnings saw a remarkable year-over-year growth of 76%, indicating potential for future development. Nevertheless, rising costs, especially for hard drives, pose challenges, and the current market focus on high-growth AI stocks presents additional pressure.
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Backblaze (BLZE) Frequently Asked Questions
What is Backblaze stock symbol?
Backblaze is a American stock, trading under the symbol BLZE (previously BLZE-Q on Stockchase) on the NASDAQ (BLZE). It is usually referred to as NASDAQ:BLZE or BLZE
Is Backblaze a buy or a sell?
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on BLZE (previously BLZE-Q on Stockchase). 0 analysts recommended to BUY and 1 analyst recommended to SELL the stock. The latest stock analyst rating is DON'T BUY. Read the latest stock experts' ratings for Backblaze.
Is Backblaze a good investment or a top pick?
Backblaze was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Backblaze.
Why is Backblaze stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Backblaze.
Is Backblaze worth watching?
Backblaze is covered by Stockchase experts and is worth watching.
What is Backblaze stock price?
On 2026-07-02, Backblaze (BLZE) stock closed at a price of $15.48.
Last quarter: 12% revenue growth, 25% cloud storage division, but flat was the computer backup division. Cloud storage is now 57% of all revenues and growing. It's still losing money, but the net loss in Q1 was slightly less than expected and free cash flow was negative, but management expects it to be positive for the year. They're winning lots of new business. Their full-year forecast is strong, because they can raise prices. In Q1, earnings in AI saw 76% growth year over year. Fantastic. Caveats: They face serious competition from Microsoft, Google and others in cloud. Also, their costs are going up by 30%, like hard drives. Also, the market is selling anything AI to buy SpaceX and AI IPOs to come. Their valuation is neither cheap or expensive. Bottom line: it lacks the explosive growth of the AI names, though it's a solid company.