Blackblaze's legacy computer business is durable, but it's not growing, says Jim Cramer

June 11, 2026 - 09:24

"Mad Money" host Jim Cramer offered a mixed review of cloud storage platform Blackblaze this week, noting that while the company's legacy computer business remains durable, it is failing to generate meaningful growth. Cramer pointed out that Blackblaze has built a solid reputation for providing reliable, low-cost storage solutions, particularly for consumers and small businesses who need to back up their data. However, he expressed concern that the core legacy segment, which includes traditional hard drive and backup services, appears to be plateauing.

Cramer emphasized that durability alone is not enough to excite investors in a competitive market. He highlighted the challenge Blackblaze faces in pivoting toward higher-growth areas like enterprise cloud services. While the company has made efforts to expand its B2B offerings, the transition has been slow. The legacy business, according to Cramer, acts as a stable foundation but lacks the momentum needed to drive share price appreciation. He suggested that without a clear catalyst or accelerated adoption of its newer platforms, Blackblaze risks being viewed as a steady but stagnant player in a fast-moving industry. The stock, he concluded, may appeal to value-oriented investors seeking reliability, but growth-focused traders are likely to look elsewhere.