Then there’s the subscription-based Backblaze Computer Backup service. This service is a “pay-as-you-go” (consumption-based) offering intended for application development, ransomware protection, backup, multi-cloud and other use cases. One is called Backblaze B2 Cloud Storage. What really sets Backblaze apart and will potentially disrupt the industry are the company’s two main cloud services. In other words, it’s a whole lot of cloud storage capacity.īut again, it’s not just about big numbers. What’s an exabyte? According to Backblaze, it’s 1 million terabytes, or 1 billion gigabytes. It’s not enough just to have huge storage capacity, though we can still be impressed as Backblaze has nearly two exabytes of data storage under management. Since there are much bigger and more famous companies that offer cloud-based data storage, Backblaze must differentiate itself. Moreover, if BLZE stock crashes down through the $16 IPO price, that would be a sign that the sellers have completely taken control. However, $20 could be a significant technical level if it gets there. It’s still too early to identify a defined range for the stock. Over the next week, BLZE stock backslid somewhat and landed at $26. As the old market saying goes, trees don’t just grow straight to the heavens. 17, the stock peaked at $36.50 before it finally started to cool off. The stock jumped 24% on that first day, and then rose another 12% to $22.31 on the following day. Finally, BLZE stock started trading on the Nasdaq on Nov. In early November, Backblaze planned to price its public offering between $15 and $17.Ībout a week later, the company set an IPO price of $16. The initial enthusiasm has subsided somewhat, though, so let’s see if we can get a technical reading on BLZE stock. InvestorPlace - Stock Market News, Stock Advice & Trading TipsĪs for the IPO itself, it was a huge success from the outset.
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