BLZE - Backblaze Could Be The Next Cloudflare In The Making

• Backblaze Inc. raised $100 million in an IPO last Thursday and has attracted attention for going public without raising significant funds from private investors.
• Backblaze has secured a unique niche in the cloud storage by focusing on smaller businesses, enabling it to grow despite the threat of companies like Amazon.
• However, there are some concerns about the company’s financials, such as a decreasing revenue growth rate and mixed profitability numbers.
• Despite said concerns, Backblaze’s valuation is low even after the IPO bump and it has major potential, so investors should strongly consider this company.

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