Comparing Core Scientific (NASDAQ:CORZZ) and Backblaze (NASDAQ:BLZE)

Core Scientific (NASDAQ:CORZZ) and Backblaze (NASDAQ:BLZE) are both computer and technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their dividends, earnings, valuation, risk, profitability, institutional ownership and analyst recommendations.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Core Scientific and Backblaze, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Core Scientific	0	0	0	0	N/A
Backblaze	0	0	4	0	3.00

Backblaze has a consensus price target of $11.50, suggesting a potential upside of 50.92%. Given Backblaze’s higher probable upside, analysts plainly believe Backblaze is more favorable than Core Scientific.

Insider & Institutional Ownership

54.0% of Backblaze shares are owned by institutional investors. 5.2% of Backblaze shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Valuation and Earnings

This table compares Core Scientific and Backblaze”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Core Scientific	$575.23 million	N/A	N/A	N/A	N/A
Backblaze	$115.29 million	2.84	-$59.71 million	($1.26)	-6.05

Core Scientific has higher revenue and earnings than Backblaze.

Profitability

This table compares Core Scientific and Backblaze’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Core Scientific	N/A	N/A	N/A
Backblaze	-42.34%	-104.71%	-36.79%

About Core Scientific

Core Scientific, Inc. provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment. In addition, the company provides electrical power, repair, and other infrastructure services to operate, maintain, and earn digital assets; and sells mining equipment to customers. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.

About Backblaze

Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.