Backblaze: Perfect Small-Cap Value Play As AI Drives New Bookings

  • Small-cap stocks like Backblaze offer compelling value as valuation discounts versus large-caps have widened, despite strong fundamentals. Backblaze continues to deliver double-digit revenue growth, with accelerating momentum in its B2 Cloud segment and improved sales execution leading to huge Q1 bookings growth. AI remains a major growth driver for the company, with its count of AI clients rising 66% y/y.