Added to YB: 2026-09-01
Pitch date: 2026-08-30
BLZE [bullish]
Backblaze, Inc.
-2.38%
current return
Author Info
No bio for this author
Company Info
Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally.
Market Cap
$943.4M
Pitch Price
$14.47
Price Target
N/A
Dividend
N/A
EV/EBITDA
50.93
P/E
-43.88
EV/Sales
6.24
Sector
IT Services
Category
growth
Adding to BLZE
BLZE (added to position): Added at $15 after Backblaze issued a $201M oversubscribed five-year convertible with a 0% coupon, cutting the stated cost of capital for capex from 12.9% to 0%. Nvidia’s earnings also reinforced the view that neoclouds could receive long-term support. At 19x guided 2026 EBITDA, valuation is not viewed as excessive, but the thesis requires the coming capex to earn high returns.
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