![]() ![]() Seeking Alpha contributor The Value Investor does a deep dive into BLZE here.Shares have risen 10% to 20% or more in each the company’s first four sessions. BLZE saw its stock rally 24.4% in its first session to close at $19.90, and the stock’s price has only stoked higher from there. However, sparks flew for the stock from its first trading day last Thursday.The company sold 6.3M Class A shares last week at the midpoint of its IPO’s expected $15-$17/share range. ![]() BLZE offers consumers and businesses subscriptions for cloud-based computer storage and backup.The stock has been on fire on no apparent news other than enthusiasm for its IPO. Cloud backblaze nasdaq ipo 650mnovetcnbc full Annual recurring revenue is seen ranging between 69 to 71M representing growth in the range of 25 to 29.For the three months ended Sep.30, 2021, the company is expected to report revenue in the range of 17 to 17. Backblaze ( BLZE) has risen in all four of its trading sessions since going public last week.Generally, shares that make their public stock market debuts start trading between 10 AM - 2 PM ET. That’s up 6.4% in after-hours trading and 109.3% from the stock’s initial public offering price. Backblaze will start trading under the ticker symbol BLZE on Nasdaq. BLZE ended the day at a session high $31.50 and kept rising after hours, changing hands at $33.50 shortly before 6 p.m.The Power of Motivation How Students Can Use It to Achieve Success. Tweakvip Just Added Modern Warfare 2 To Their Platform. Backblaze (NASDAQ: BLZE) fired up investors for the fourth straight session on Tuesday, with the cloud-storage firm’s stock rising 23.5% on the day and closing almost 100% above a $16 IPO price set just last Thursday. FDA And Palantir q2 376m yoy yoy q3 Modernize Food Supply Cloud backblaze nasdaq thursday 100m 650mnovetcnbc. ![]()
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