Backblaze Downgraded Amid Slowing B2 Cloud Growth
ByAinvest
Wednesday, Mar 11, 2026 2:25 am ET1min read
BLZE--
Backblaze's B2 cloud growth has slowed, leading to a downgrade. The company is banking on its Neocloud offering. Two major bearish themes have impacted the stock market in 2026: escalating Middle East tensions and rapid oil price increases, as well as the "SaaSpocalypse" theory that AI will disrupt the current state of play in the SaaS market.
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