Why Backblaze Stock Jumped 81% This Morning
Shares of Backblaze (NASDAQ: BLZE) skyrocketed on Thursday, following the cloud storage specialist's impressive Q1 2026 earnings report. The stock peaked at 9:45 a.m. ET and backed down significantly from that top spot, but it still showed a 65% gain at 3:15 p.m. ET.
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The average Wall Street analyst expected breakeven earnings on sales near $37.8 million. Instead, Backblaze reported adjusted earnings of $0.04 per share (up from a $0.03 loss per share in the year-ago period) and top-line sales of $38.7 million.
Source Fool.com
