Why Backblaze Stock Jumped Today
The data management specialist is partnering with an artificial intelligence (AI) leader.
Overview
Shares of Backblaze (NASDAQ: BLZE) rose sharply on Tuesday after the cloud storage platform's second-quarter financial results exceeded investors' expectations.
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Backblaze's revenue climbed 18% year over year to $42.7 million, driven by a 34% surge in its B2 Cloud Storage revenue to $26.6 million.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.