Stock Track | Backblaze Plunges 8.99% Pre-market Despite Earnings Beat as Restructuring Plans Emerge

Stock Track11-06

Backblaze Inc. (NASDAQ: BLZE) saw its stock price plummet 8.99% in pre-market trading on Thursday, despite reporting better-than-expected third-quarter earnings. The cloud storage company's shares took a hit after it announced restructuring plans and associated charges, overshadowing its positive financial results.

For the third quarter, Backblaze reported adjusted earnings of $0.03 per share, significantly beating analyst estimates of a $0.12 loss per share. Revenue also exceeded expectations, coming in at $37.2 million, a 14.15% increase year-over-year. However, investors seemed more focused on the company's forward-looking statements.

In a regulatory filing, Backblaze revealed that it had initiated "certain transformation and restructuring actions" in November 2025. The company expects to incur restructuring charges between $4.4 million and $6.0 million, primarily in the fourth quarter of 2025. This announcement likely sparked concerns among investors about potential challenges in Backblaze's business model or growth prospects, leading to the significant pre-market sell-off despite the strong quarterly performance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1151176334?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-06 22:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1151176334","market":"sg","top_or_hot":-1,"title":"Stock Track | Backblaze Plunges 8.99% Pre-market Despite Earnings Beat as Restructuring Plans Emerge","media":"Stock Track","content":"<p>Backblaze Inc. (NASDAQ: BLZE) saw its stock price plummet 8.99% in pre-market trading on Thursday, despite reporting better-than-expected third-quarter earnings. The cloud storage company's shares took a hit after it announced restructuring plans and associated charges, overshadowing its positive financial results.</p>\n\n<p>For the third quarter, Backblaze reported adjusted earnings of $0.03 per share, significantly beating analyst estimates of a $0.12 loss per share. Revenue also exceeded expectations, coming in at $37.2 million, a 14.15% increase year-over-year. However, investors seemed more focused on the company's forward-looking statements.</p>\n\n<p>In a regulatory filing, Backblaze revealed that it had initiated \"certain transformation and restructuring actions\" in November 2025. The company expects to incur restructuring charges between $4.4 million and $6.0 million, primarily in the fourth quarter of 2025. This announcement likely sparked concerns among investors about potential challenges in Backblaze's business model or growth prospects, leading to the significant pre-market sell-off despite the strong quarterly performance.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Backblaze Plunges 8.99% Pre-market Despite Earnings Beat as Restructuring Plans Emerge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Backblaze Plunges 8.99% Pre-market Despite Earnings Beat as Restructuring Plans Emerge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-11-06 22:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Backblaze Inc. (NASDAQ: BLZE) saw its stock price plummet 8.99% in pre-market trading on Thursday, despite reporting better-than-expected third-quarter earnings. The cloud storage company's shares took a hit after it announced restructuring plans and associated charges, overshadowing its positive financial results.</p>\n\n<p>For the third quarter, Backblaze reported adjusted earnings of $0.03 per share, significantly beating analyst estimates of a $0.12 loss per share. Revenue also exceeded expectations, coming in at $37.2 million, a 14.15% increase year-over-year. However, investors seemed more focused on the company's forward-looking statements.</p>\n\n<p>In a regulatory filing, Backblaze revealed that it had initiated \"certain transformation and restructuring actions\" in November 2025. The company expects to incur restructuring charges between $4.4 million and $6.0 million, primarily in the fourth quarter of 2025. This announcement likely sparked concerns among investors about potential challenges in Backblaze's business model or growth prospects, leading to the significant pre-market sell-off despite the strong quarterly performance.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLZE","symbol_name":"Backblaze, Inc.","start_time":0,"source_url":"","article_id":"1151176334","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1151176334","pubTimestamp":1762439496,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Backblaze Inc. (NASDAQ: BLZE) saw its stock price plummet 8.99% in pre-market trading on Thursday, despite reporting better-than-expected third-quarter earnings. The cloud storage company's shares...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLZE":"Backblaze, Inc."},"translate_title":"个股追踪|Backblaze盘前暴跌8.99%尽管重组计划浮出水面盈利超预期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLZE":1},"content_text":"Backblaze Inc. (NASDAQ: BLZE) saw its stock price plummet 8.99% in pre-market trading on Thursday, despite reporting better-than-expected third-quarter earnings. The cloud storage company's shares took a hit after it announced restructuring plans and associated charges, overshadowing its positive financial results.\nFor the third quarter, Backblaze reported adjusted earnings of $0.03 per share, significantly beating analyst estimates of a $0.12 loss per share. Revenue also exceeded expectations, coming in at $37.2 million, a 14.15% increase year-over-year. However, investors seemed more focused on the company's forward-looking statements.\nIn a regulatory filing, Backblaze revealed that it had initiated \"certain transformation and restructuring actions\" in November 2025. The company expects to incur restructuring charges between $4.4 million and $6.0 million, primarily in the fourth quarter of 2025. This announcement likely sparked concerns among investors about potential challenges in Backblaze's business model or growth prospects, leading to the significant pre-market sell-off despite the strong quarterly performance.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1151176334","isCrawlerRequest":true}