Backblaze (BLZE) versus The Competition Critical Analysis

Backblaze (NASDAQ:BLZEGet Rating) is one of 411 publicly-traded companies in the “Prepackaged software” industry, but how does it contrast to its rivals? We will compare Backblaze to related businesses based on the strength of its analyst recommendations, profitability, valuation, institutional ownership, risk, earnings and dividends.

Profitability

This table compares Backblaze and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Backblaze -52.11% -62.67% -28.68%
Backblaze Competitors -77.35% -84.31% -7.93%

Institutional and Insider Ownership

10.5% of Backblaze shares are owned by institutional investors. Comparatively, 55.2% of shares of all “Prepackaged software” companies are owned by institutional investors. 58.4% of Backblaze shares are owned by insiders. Comparatively, 19.0% of shares of all “Prepackaged software” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Valuation and Earnings

This table compares Backblaze and its rivals top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Backblaze $67.48 million -$21.70 million -4.31
Backblaze Competitors $1.83 billion $287.30 million 26.98

Backblaze’s rivals have higher revenue and earnings than Backblaze. Backblaze is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Analyst Ratings

This is a summary of recent ratings and target prices for Backblaze and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Backblaze 0 0 6 0 3.00
Backblaze Competitors 1648 11373 24369 531 2.63

Backblaze presently has a consensus price target of 20.38, suggesting a potential upside of 219.36%. As a group, “Prepackaged software” companies have a potential upside of 34.57%. Given Backblaze’s stronger consensus rating and higher probable upside, equities analysts plainly believe Backblaze is more favorable than its rivals.

Backblaze Company Profile

(Get Rating)

Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as backups, multi-cloud, application development, and ransomware protection. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.

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