F5 currently has a Zacks Rank of #3 (Hold). This represents a change of -19% from what the company reported a year ago. Backblaze low stock price, good value: 76/100 Obermatt Research Fact based stock research Backblaze (NasdaqGM:BLZE) US05637B1052 How to read the ranks Backblaze stock research in summary Backblaze shares are less expensive than other comparable stocks. ( NASDAQ:BLZE) shareholder over the last year, since the stock price plummeted 79 in that time. FFIV has returned -7.7% over the past month.įor F5, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.34. It must have been painful to be a Backblaze, Inc. One other stock in the same industry, F5 Networks (FFIV), finished the last trading session 0.3% higher at $143.51. is a member of the Zacks Internet - Software industry. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >īackblaze, Inc. stock price fell by -1.10 on the last day (Wednesday, 19th Apr 2023) from 4.54 to 4.49. The stock currently carries a Zacks Rank #3 (Hold). Raymond James Adjusts Price Target on Backblaze to 10 From 11, Maintains Outperform Rating Oppenheimer Adjusts Backblaze Price Target to 7.50 From 8.50. So, make sure to keep an eye on BLZE going forward to see if this recent jump can turn into more strength down the road. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.įor Backblaze, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Revenues are expected to be $22.71 million, up 21.5% from the year-ago quarter. This company is expected to post quarterly loss of $0.28 per share in its upcoming report, which represents a year-over-year change of +26.3%. B2 has a higher growth rate since it is addressing global megatrends such as the large storage cloud market, which is driving its prospects. The upswing in Backblaze’s share price reflects investors’ bullish sentiments as it invests in its B2 Cloud Storage offering, representing 40% of its revenues in the third quarter of 2022. ![]() This compares to the stock's 28.1% gain over the past four weeks. The move was backed by solid volume with far more shares changing hands than in a normal session. (BLZE) shares soared 7.1% in the last trading session to close at $6.15.
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