Backblaze (BLZE) versus The Competition Financial Contrast

Backblaze (NASDAQ:BLZE) is one of 273 publicly-traded companies in the “IT Services” industry, but how does it contrast to its competitors? We will compare Backblaze to related businesses based on the strength of its dividends, profitability, valuation, earnings, analyst recommendations, institutional ownership and risk.

Analyst Recommendations

This is a summary of recent ratings and recommmendations for Backblaze and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Backblaze	1	1	8	0	2.70
Backblaze Competitors	1979	5633	9402	345	2.47

Backblaze currently has a consensus price target of $19.71, suggesting a potential upside of 116.64%. As a group, “IT Services” companies have a potential upside of 16.60%. Given Backblaze’s stronger consensus rating and higher probable upside, analysts plainly believe Backblaze is more favorable than its competitors.

Insider & Institutional Ownership

54.0% of Backblaze shares are owned by institutional investors. Comparatively, 36.7% of shares of all “IT Services” companies are owned by institutional investors. 4.2% of Backblaze shares are owned by insiders. Comparatively, 20.5% of shares of all “IT Services” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Backblaze	N/A	N/A	N/A
Backblaze Competitors	-242.58%	-40.39%	-9.50%

Volatility & Risk

Backblaze has a beta of 1.56, indicating that its share price is 56% more volatile than the S&P 500. Comparatively, Backblaze’s competitors have a beta of 2.37, indicating that their average share price is 137% more volatile than the S&P 500.

Earnings & Valuation

This table compares Backblaze and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Backblaze	$156.30 million	N/A	-26.76
Backblaze Competitors	$1.51 billion	$42.29 million	-34.44

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

Summary

Backblaze beats its competitors on 8 of the 12 factors compared.

About Backblaze

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 public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. 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.