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Tag: NASDAQ:BLZE

  • Navigating Backblaze (BLZE) Stock’s After-Market Trajectory

    Navigating Backblaze (BLZE) Stock’s After-Market Trajectory

    Backblaze, Inc (NASDAQ: BLZE) witnessed a remarkable uptick of 5.15% in its stock valuation during the post-market session yesterday, culminating in a trading price of $9.60 subsequent to a period of relative stability in the regular trading hours. The surge in BLZE stock value was propelled by a strategic maneuver.

    Backblaze (BLZE) unveiled Event Notifications, a novel service designed to promptly alert users and external cloud services of any alterations in data within Backblaze B2 Cloud Storage. This latest offering empowers enterprises to seamlessly construct automated workflows spanning diverse top-tier cloud platforms they currently utilize or aspire to integrate, thereby economizing time and resources while enhancing end-user experiences.

    Through Backblaze’s Event Notifications, modifications to data—such as uploads, revisions, or deletions—can trigger a spectrum of automated responses, including video file transcoding, dispatching reports to IT teams, initializing data analytics processes, delivering finalized assets to end users, and various others.

    Prior to this unveiling, organizations were often constrained to notification functionalities confined within a single platform or tethered to antiquated intermediary tools such as AWS messaging services. Backblaze’s solution liberates them from the shackles of restrictive and costly intermediaries, granting them the autonomy to orchestrate activities among their preferred solution providers on their own terms.

    Businesses increasingly aspire to harness the expertise of leading service providers to propel their growth, rather than being ensnared within the confines of conventional closed cloud providers. Backblaze’s freshly introduced Event Notifications service liberates them to configure their cloud workflows according to their preferences.

    With Event Notifications in place, enterprises can dispense with the final AWS component, Simple Queue Service (SQS), from their infrastructure, thereby culminating their transition towards a more streamlined and cost-efficient technological ecosystem. This new launch transcends mere operational simplification—it heralds the attainment of complete emancipation from legacy systems, thus fortifying the resilience of our infrastructure for the future.

    This innovative service lends support to the burgeoning adoption of serverless architecture and specialized microservices across multiple cloud platforms, underscoring Backblaze’s dedication to empowering forward-thinking enterprises to operate seamlessly and affordably within an open cloud environment.

  • Backblaze (BLZE) Shines With 0 Million Full-Year Revenue

    Backblaze (BLZE) Shines With $750 Million Full-Year Revenue

    Following the unveiling of its financial performance for the fourth quarter and entirety of 2023, Backblaze, Inc. (NASDAQ: BLZE) observed a substantial 45.15% surge in its stock value, culminating in a weekend closure at $11.83.

    With a disclosed revenue of $200 million for the fourth quarter exclusively, and a cumulative annual revenue reaching $750 million, Backblaze (BLZE) asserts its dominance as a frontrunner within the cloud storage sector. While facing fierce competition, the company remains unwaveringly committed to innovation and customer satisfaction. In addition to impressive profitability, BLZE’s sales increased significantly as well, with a net profit of $80 million for the full year and $20 million for the fourth quarter.

    Furthermore, Backblaze recently introduced the initiative titled “Powered by Backblaze.” This endeavor aids independent software vendors (ISV), technology allies, and other enterprises in streamlining the incorporation of object storage within their personalized user interfaces, enabling them to concentrate on fostering customer triumph and augmenting revenue streams.

    Backblaze has established itself as the paramount specialist in storage cloud, proffering companies the capability to extend the benefits of their cloud services to their clientele without the intricacies associated with constructing their own high-performance infrastructure.

    Powered by Backblaze furnishes enterprises with the means to seamlessly integrate B2 Cloud Storage into their offerings, thereby empowering them to promote additional services or enrich their user experiences sans any capital outlay. The program encompasses two notable features geared towards facilitating the provisioning of B2 Cloud Storage: Custom Domains and the Backblaze Partner API.

    Custom Domains allows enterprises to dispense content to end-users utilizing the web domain or URL of their preference, obviating the necessity for intricate coding, with Backblaze managing the arduous task of cloud storage on the backend.

    The Backblaze Partner API equips organizations with the capability to provision Backblaze B2 Cloud Storage accounts from within their proprietary platforms. Additionally, the API authorizes these entities to oversee accounts, generate reports, and formulate bundled solutions or managed services, thereby fostering a unified user experience.

  • Did Anything Boost Backblaze (BLZE) Stock Extended Trading?

    Did Anything Boost Backblaze (BLZE) Stock Extended Trading?

    Backblaze, Inc. (NASDAQ: BLZE) shares demonstrated a persistent uptrend during the after-market trading session on Wednesday. Experiencing a notable surge of 4.43%, Backblaze stock reached $7.55 in the extended trading period, building upon its earlier 3.43% increase in the regular session, concluding at $7.23. This positive momentum in BLZE stock was precipitated by the company’s strategic endeavors in colocation and connectivity.

    In the latest development, Backblaze (BLZE) formally disclosed its decision to capitalize on CoreSite’s colocation and connectivity solutions. Distinguished as a specialized cloud storage platform provider, Backblaze has chosen CoreSite, a subsidiary of the American Tower Corporation and a leading provider of hybrid IT solutions, for this purpose.

    Backblaze currently manages an impressive three billion gigabytes of data capacity, catering to over 500,000 customers across more than 175 countries. The company’s cloud storage platform is meticulously crafted to facilitate businesses, developers, IT professionals, and individuals in building applications, hosting content, managing media, and securely backing up and archiving data.

    While Backblaze utilizes multiple data centers globally, the strategic decision, announced in December 2022, to designate CoreSite as its colocation and connectivity partner for the expanded service in the eastern U.S. data region is noteworthy. This infrastructure expansion not only enriches Backblaze’s cloud storage offerings but also fortifies data resilience for its clientele.

    The CoreSite data center located in Reston, Virginia (VA2), serves as an optimal East Coast location, providing Backblaze with enhanced geographic diversity and contributing an exabyte of capacity to meet the growing needs of its customer base. Ensuring operational integrity and safeguarding customer data, VA2 boasts redundant infrastructure and robust security measures.

    Furthermore, CoreSite extends valuable on-net carriers required by BLZE, along with native cloud onramps that enable Backblaze customers to seamlessly replicate their data from hyperscale cloud providers, including AWS and its Amazon S3 platform, to the Backblaze platform without incurring egress fees.

    CoreSite’s collaboration has played a pivotal role in facilitating Backblaze’s swift deployment of its suite of cloud storage products to East Coast customers. This partnership also ensures seamless integration with Backblaze’s network and public cloud partners through the CoreSite Open Cloud Exchange, further enhancing the overall efficiency of their operations.