Backblaze Expects Revenue Of $29.6M-$30M (Est $28.907M) For Q1, $126M-$128M (Est $123.797M) For Full-Year 2024
Portfolio Pulse from Benzinga Newsdesk
Backblaze anticipates Q1 revenue to be between $29.6M-$30M, surpassing the estimated $28.907M. For the full year of 2024, the company expects revenue to range from $126M-$128M, also exceeding the forecast of $123.797M.
February 15, 2024 | 9:47 pm
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Backblaze expects higher-than-anticipated revenues for Q1 and the full year of 2024, indicating strong financial performance.
Backblaze's projection of higher revenues than analysts' estimates for both Q1 and the full year of 2024 suggests the company is performing better than expected. This positive news is likely to instill investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100