Streetbeat News

SNOW

Snowflake Inc.

https://www.snowflake.com

Industry

Software - Application

Snowflake Inc. provides a cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.

Open

169.52

Mkt cap

55B

Volume

4.6M

High

170.73

P/E Ratio

-49.61

52-wk high

237.72

Low

165.73

Div yield

N/A

52-wk low

107.13

Snowflake reported a 29% year-over-year growth in product revenue for Q3 FY2025 and raised its FY2025 guidance to $3.43 billion. The company launched new products and added 18 Global 2000 clients, with RPO increasing by 55% YoY.

Portfolio Pulse from

December 16, 2024 | 2:15 pm

Snowflake's stock showed improvement after better-than-expected Q3 results, but concerns remain due to the unexpected CEO retirement earlier this year, which led to a stock sell-off.

Portfolio Pulse from

December 06, 2024 | 9:30 am

Snowflake's stock surged by 52.2% in November, with a 15% increase in the first half of the month, as reported by S&P Global Market Intelligence.

Portfolio Pulse from

December 04, 2024 | 10:00 pm

Snowflake Inc. CEO Sridhar Ramaswamy presented at the UBS Global Technology and AI Conference, discussing the company's strategies and outlook.

Portfolio Pulse from

December 04, 2024 | 12:30 am

Snowflake's stock has faced challenges in 2024 due to concerns over slowing growth and high valuation. However, recent quarterly results have provided a positive boost to the company's outlook.

Portfolio Pulse from

November 29, 2024 | 10:15 pm

Snowflake Inc.'s stock surged after FQ3 earnings but is considered overvalued due to limited AI revenue and slowing growth. The company targets 23% YoY growth in FQ4, with the stock rally driven by AI hype and multiple expansions.

Portfolio Pulse from

November 27, 2024 | 1:15 am

Snowflake Inc. has seen a positive shift in its stock performance following its Q3 earnings report. The company's core data warehousing business and new products are gaining traction, leading to a 30% surge in stock price. Despite this increase, Snowflake's shares are still considered undervalued compared to other high-growth SaaS companies, suggesting potential for further growth.

Portfolio Pulse from

November 26, 2024 | 9:15 pm

Wedbush has upgraded Snowflake and Elastic to a positive rating, anticipating a boost from the next phase of the AI revolution. This phase, termed the 'enterprise consumption phase', involves the launch of large language models and increased adoption of generative AI, which is expected to be a major catalyst for the software sector.

Portfolio Pulse from

November 26, 2024 | 8:30 pm

Snowflake's stock rises following its Q3 earnings report, driven by an expanding portfolio and a strong partner base, despite concerns over its high valuation.

Portfolio Pulse from

November 26, 2024 | 5:45 pm

Investors are showing increased interest in Snowflake Inc. (SNOW), as evidenced by the high search activity on Zacks.com. This suggests a growing curiosity or concern about the company's stock prospects.

Portfolio Pulse from

November 26, 2024 | 3:15 pm

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