Plus, existing customers more consistently stick with B2 than with backup, and B2 has higher annual average revenue per user. SAN MATEO, Calif.- ( BUSINESS WIRE )-Backblaze, Inc. But B2 revenue grew 60% year over year in the first half of 2021, while the online backup business grew 12% during the same period. The shares were sold at an average price. Less than one-third of Backblaze's revenue comes from B2. ( NASDAQ:BLZE Get Rating) major shareholder Kwok Hang Ng sold 2,000 shares of Backblaze stock in a transaction on Wednesday, October 5th. initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their. Amazon S3 enjoys a gross margin percentage in the low 50s, according to one analyst's estimate, while Backblaze, with its lower object-storage pricing, has an overall gross margin of 50%. (Reuters) - Cloud storage provider Backblaze Inc filed for a U.S.
Cloud backblaze nasdaq thursday ipo download#
The Backblaze website says data storage from the B2 service costs 76% less than AWS' S3 storage service, with 80% less expensive data download fees. However, Backblaze's B2 cloud storage service has won adoption from some small organizations, such as American Public Television, the nonprofit Gladstone Institutes and California's Kings County. is looking to go public in the US stock markets as demand for cloud computing surged during. Backblaze (NASDAQ: BLZE) soared nearly 40 intraday Thursday in its first trading session following an IPO that valued the cloud-storage firm at just under 500M.
In 2016 the company entered the market of object storage, going up against some of the world's largest companies, including Amazon, Google and Microsoft, which offer cloud computing services to companies, schools and governments.īackblaze, based in San Mateo, Calif., hasn't exactly won over the biggest cloud storage customers of Amazon Web Services. Cloud-based storage space provider Backblaze, Inc. "These public cloud vendors have increasingly focused on the largest enterprises, resulting in significant complexity in their products and pricing that leaves behind mid-market businesses"įollowing its establishment in 2007, Backblaze in 2008 released online backup services for PCs running Apple's MacOS and Microsoft Windows, and the company grew by focusing on that one product.
Just because a business does not make any money, does not mean that the stock. That’s up 6.4% in after-hours trading and 109.3% from the stock’s initial public offering price. Companies Like Backblaze (NASDAQ:BLZE) Are In A Position To Invest In Growth. BLZE ended the day at a session high $31.50 and kept rising after hours, changing hands at $33.50 shortly before 6 p.m.Backblaze (NASDAQ: BLZE) fired up investors for the fourth straight session on Tuesday, with the cloud-storage firm’s stock rising 23.5% on the day and closing almost 100% above a $16 IPO price set just last Thursday.
0 kommentar(er)
