Backblaze stock surges after exceeding Q4 expectations, driven by productivity improvements and AI traction

From StockTwits: 2025-02-25 23:04:13

Backblaze Inc. (BLZE) saw a surge in shares after reporting Q4 results that exceeded Wall Street expectations. The company’s B2 Cloud Storage segment grew 22% YoY to $17.1 million, accounting for over 50% of its revenue. Despite a loss per share of $0.06, it was better than estimated. Full-year revenue for 2024 rose 25% YoY to $127.6 million. CEO Gleb Budman highlighted increased sales productivity and growth in AI customers. Analysts at B. Riley lowered the price target for BLZE stock but maintain a ‘Buy’ rating. Retail sentiment on Stocktwits is bullish, with one user calling it a “solid buy.” The stock has seen a decline in the last six months, but the one-year performance is down over 36%.



Read more at StockTwits: Backblaze Stock Surges Aftermarket On Q4 Earnings Beat Driven By Productivity Improvements, AI Business Traction: Retail Sentiment Soars