Professional
Added to YB: 2026-07-10
Pitch date: 2026-07-08
BLZE [neutral]
Backblaze, Inc.
+9.39%
current return
Author Info
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Company Info
Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally.
Market Cap
$950.6M
Pitch Price
$16.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
66.96
P/E
-40.61
EV/Sales
6.45
Sector
IT Services
Category
growth
Pernas Research Passes On: Backblaze, Inc.
BLZE (pass): Cloud storage provider, mkt cap $987mm, price $16.34. New 5yr $335mm CoreWeave deal for HDD-based AI storage tiers is large vs rev base. But deal uses 30% of ~5 exabyte capacity, requiring major capex. Awaiting mgmt clarity on ramp timing/cost/financing; balance sheet risk.
Read full article (1 min)