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BLZE - Up More Than 100% From Its Recent IPO Is This Cloud Stock a Buy?
Backblaze Inc.
Since its initial public offering (IPO) at $16 per share on Nov. 11, Backblaze (NASDAQ: BLZE) has already seen its stock price surge by more than 100%, and is currently trading around $31 a share. Apparently, the market appreciates the already large and still growing opportunities the cloud storage specialist is working to address.
Is there still time for investors to jump into that growth story? Let's find out.
Backblaze has two products that leverage its cloud storage infrastructure.