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Upturn AI SWOT - About
Backblaze Inc (BLZE)
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Upturn Advisory Summary
04/01/2025: BLZE (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -26.21% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 244.89M USD | Price to earnings Ratio - | 1Y Target Price 11.7 |
Price to earnings Ratio - | 1Y Target Price 11.7 | ||
Volume (30-day avg) 575429 | Beta 1.02 | 52 Weeks Range 4.33 - 10.41 | Updated Date 04/6/2025 |
52 Weeks Range 4.33 - 10.41 | Updated Date 04/6/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.11 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -38.03% | Operating Margin (TTM) -26.38% |
Management Effectiveness
Return on Assets (TTM) -17.25% | Return on Equity (TTM) -79.2% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 236860000 | Price to Sales(TTM) 1.92 |
Enterprise Value 236860000 | Price to Sales(TTM) 1.92 | ||
Enterprise Value to Revenue 1.86 | Enterprise Value to EBITDA -5.87 | Shares Outstanding 54300000 | Shares Floating 45853092 |
Shares Outstanding 54300000 | Shares Floating 45853092 | ||
Percent Insiders 19.45 | Percent Institutions 43.52 |
Analyst Ratings
Rating 4.83 | Target Price 12.57 | Buy 1 | Strong Buy 5 |
Buy 1 | Strong Buy 5 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Backblaze Inc
Company Overview
History and Background
Backblaze, Inc. was founded in 2007 in San Mateo, California. It started with a focus on providing simple and affordable online backup solutions for consumers and small businesses. Over time, Backblaze has expanded its services to include cloud storage (B2 Cloud Storage) and computer backup and has grown to serve over 500,000 customers worldwide.
Core Business Areas
- Computer Backup: Provides unlimited cloud backup for computers, allowing users to automatically backup all their data.
- B2 Cloud Storage: Offers scalable cloud storage for businesses, developers, and individuals. Provides a low-cost alternative to traditional cloud storage providers.
- Backblaze S3 Compatible API: Allows developers to integrate Backblaze's B2 Cloud Storage with existing S3 compatible tools and applications.
Leadership and Structure
The leadership team includes Gleb Budman (CEO), Ahin Thomas (CFO), and Brian Wilson (CTO). The company operates with a relatively flat organizational structure, emphasizing autonomy and collaboration.
Top Products and Market Share
Key Offerings
- Computer Backup: Unlimited online backup for desktops and laptops. It has over 500,000 users, but exact revenue breakdown isn't publicly disclosed. Competitors include Carbonite, iDrive, and Acronis.
- B2 Cloud Storage: Cloud storage for data archiving and backup. Provides low-cost storage and high throughput. Revenue data is not precisely given. Competitors include AWS S3, Google Cloud Storage, and Microsoft Azure Blob Storage.
Market Dynamics
Industry Overview
The cloud storage and data backup market is experiencing significant growth, driven by increasing data volumes and the need for reliable data protection. The market is competitive, with large players like AWS, Google, and Microsoft dominating, alongside specialized providers like Backblaze.
Positioning
Backblaze is positioned as a low-cost, easy-to-use alternative to traditional cloud storage providers. Its competitive advantage lies in its simple pricing model and focus on backup and archiving use cases.
Total Addressable Market (TAM)
The total addressable market for cloud storage and backup is expected to reach hundreds of billions of dollars in the coming years. Backblaze is positioned to capture a portion of this market through its affordable pricing and focused product offerings.
Upturn SWOT Analysis
Strengths
- Simple and affordable pricing
- Easy-to-use interface
- Strong focus on backup and archiving
- Excellent customer support
Weaknesses
- Smaller market share compared to larger cloud providers
- Less brand recognition than major players
- Limited geographic presence (fewer data centers)
- Slower Growth Rate Compared to competitors.
Opportunities
- Increasing demand for cloud storage and backup
- Expansion into new markets and verticals
- Partnerships with other technology providers
- Growth in cloud storage needs of AI and ML models
Threats
- Competition from larger cloud providers with greater resources
- Price wars and margin pressure
- Data security and privacy concerns
- Evolving regulatory landscape
Competitors and Market Share
Key Competitors
- AMZN
- GOOG
- MSFT
- IDrive
- CRBN
Competitive Landscape
Backblaze offers a price-competitive solution focusing on simplicity and backup, whereas the larger players provide a wider range of services and global infrastructure. Backblaze focuses on ease of use for individuals and small businesses, while competitors target larger enterprise clients also.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Backblaze has experienced steady growth over the past few years, driven by increased demand for its computer backup and cloud storage services.
Future Projections: Future growth is projected to be driven by continued expansion of its cloud storage offerings and partnerships.
Recent Initiatives: Recent initiatives include expanding its B2 Cloud Storage platform and partnerships with technology providers.
Summary
Backblaze is a small company in a competitive industry with large players. The low pricing of Backblaze drives volume while trying to take market share from competitors. The company has an opportunity to grow its customer base but needs to invest in its infrastructure and market awareness to compete effectively and drive growth.
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Sources and Disclaimers
Data Sources:
- Backblaze.com
- Company Filings
- Third-party Market Research Reports
- Analyst Reports
- Publicly Available Information
Disclaimers:
The information provided is for general informational purposes only and should not be construed as investment advice. Market share data and financial estimates are based on available information and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Backblaze Inc
Exchange NASDAQ | Headquaters San Mateo, CA, United States | ||
IPO Launch date 2021-11-11 | Co-Founder, CEO & Chairman Mr. Gleb Budman | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 346 | Website https://www.backblaze.com |
Full time employees 346 | Website https://www.backblaze.com | ||
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. In addition, the company offers cloud storage solutions for a range of cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; and Internet of Things. In addition, it provides Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which offers a subscription-based software-as-a-service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. The company serves consumers, organizations, and businesses. The company was incorporated in 2007 and is headquartered in San Mateo, California.
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