Backblaze to Join Russell 3000 and Russell 2000 Indexes Effective July 1, 2024; CEO Gleb Budman Highlights Milestone in Company's Growth and Commitment to Innovative Cloud Storage Solutions
Portfolio Pulse from Benzinga Newsdesk
Backblaze (BLZE) will join the Russell 3000 and Russell 2000 indexes effective July 1, 2024. CEO Gleb Budman highlights this as a significant milestone in the company's growth and commitment to innovative cloud storage solutions.
June 27, 2024 | 1:01 pm
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Backblaze (BLZE) will be included in the Russell 3000 and Russell 2000 indexes starting July 1, 2024. This inclusion is seen as a significant milestone in the company's growth and commitment to innovative cloud storage solutions.
Inclusion in major indexes like the Russell 3000 and Russell 2000 typically leads to increased visibility and potentially higher demand for the stock as index funds and institutional investors adjust their portfolios. This is a positive development for Backblaze, indicating recognition of its growth and innovation in the cloud storage sector.
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