Why Backblaze (BLZE) Is Up 14.1% After Securing $335 Million CoreWeave AI Storage Deal

Simply Wall St.07-11

Backblaze, Inc. recently announced a multi-year agreement with CoreWeave valued at US$335 million to provide hard-disk-drive cloud storage for AI workloads. The CoreWeave partnership is expected to ...

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The CoreWeave partnership is expected to ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nasdaq-blze/backblaze/news/why-backblaze-blze-is-up-141-after-securing-335-million-core\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","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>Why Backblaze (BLZE) Is Up 14.1% After Securing $335 Million CoreWeave AI Storage Deal</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\">\nWhy Backblaze (BLZE) Is Up 14.1% After Securing $335 Million CoreWeave AI Storage Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-11 00:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/software/nasdaq-blze/backblaze/news/why-backblaze-blze-is-up-141-after-securing-335-million-core><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Backblaze, Inc. recently announced a multi-year agreement with CoreWeave valued at US$335 million to provide hard-disk-drive cloud storage for AI workloads. The CoreWeave partnership is expected to ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nasdaq-blze/backblaze/news/why-backblaze-blze-is-up-141-after-securing-335-million-core\">Source Link</a>\n\n</div>\n\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":"https://simplywall.st/stocks/us/software/nasdaq-blze/backblaze/news/why-backblaze-blze-is-up-141-after-securing-335-million-core","article_id":"2650131264","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8030001-choice1-main-header/1585186837196"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/software/nasdaq-blze/backblaze/news/why-backblaze-blze-is-up-141-after-securing-335-million-core","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2650131264","pubTimestamp":1783701099,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Backblaze, Inc. recently announced a multi-year agreement with CoreWeave valued at US$335 million to provide hard-disk-drive cloud storage for AI workloads.\nThe CoreWeave partnership is expected to become a large contributor to Backblaze’s B2 business over time, reinforcing its AI-focused storage strategy.\nWe’ll now examine how this sizable CoreWeave AI storage contract could reshape Backblaze’s investment narrative and future business profile.\nAI is about to change healthcare. These 40...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLZE":"Backblaze, Inc.","BK4116":"互联网服务与基础架构"},"translate_title":"为什么 Backblaze (BLZE) 在获得 3.35 亿美元的 CoreWeave AI 存储交易后上涨 14.1%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLZE":1.98},"content_text":"Backblaze, Inc. recently announced a multi-year agreement with CoreWeave valued at US$335 million to provide hard-disk-drive cloud storage for AI workloads. The CoreWeave partnership is expected to become a large contributor to Backblaze’s B2 business over time, reinforcing its AI-focused storage strategy. We’ll now examine how this sizable CoreWeave AI storage contract could reshape Backblaze’s investment narrative and future business profile. AI is about to change healthcare. These 40 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.AdvertisementBackblaze Investment Narrative RecapTo own Backblaze, you need to believe B2 Cloud can offset pressure in the declining Computer Backup segment and eventually support a healthier overall business mix. The CoreWeave deal looks like the key near term catalyst, potentially lifting B2 scale and visibility, while also magnifying the biggest risk today: increasing dependence on a concentrated group of AI customers whose storage demand and provider choices could change quickly. Among recent announcements, the launch of B2 Neo for neocloud platforms feels most connected to the CoreWeave news. Both point to Backblaze leaning into higher throughput, AI oriented storage use cases that support its B2 focus. If B2 Neo adoption progresses alongside the CoreWeave ramp, it could help Backblaze broaden its large customer base, which would matter if AI workloads or specific hyperscale-adjacent partners ever slow their demand. Yet beneath the excitement around CoreWeave, investors should be aware that concentration in a few large AI customers and intense hyperscaler competition could... Read the full narrative on Backblaze (it's free!)Backblaze's narrative projects $201.4 million revenue and $15.7 million earnings by 2029. This requires 10.3% yearly revenue growth and a $38.1 million earnings increase from -$22.4 million today.Uncover how Backblaze's forecasts yield a $9.34 fair value, a 48% downside to its current price.Exploring Other PerspectivesBLZE 1-Year Stock Price Chart Some of the most optimistic analysts already expected revenue to reach about US$212.8 million by 2028 and still saw regulation driven compliance costs as a key risk. The CoreWeave agreement could reinforce that bullish view or force a rethink, which is why you should weigh how much confidence you place in high growth forecasts that assume margins eventually normalize despite rising security and compliance demands.Explore 6 other fair value estimates on Backblaze - why the stock might be worth as much as $15.90!Form Your Own VerdictDon't just follow the ticker - dig into the data and build a conviction that's truly your own.A great starting point for your Backblaze research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.Our free Backblaze research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Backblaze's overall financial health at a glance.Looking For Alternative Opportunities?These stocks are moving-our analysis flagged them today. Act fast before the price catches up:Invest in the nuclear renaissance through our list of 89 elite nuclear energy infrastructure plays powering the global AI revolution.Outshine the giants: these 16 early-stage AI stocks could fund your retirement.Capitalize on the AI infrastructure supercycle with our selection of the 52 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Backblaze might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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