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

123.00

Mkt cap

41B

Volume

3.7M

High

123.00

P/E Ratio

-38.87

52-wk high

237.72

Low

119.66

Div yield

N/A

52-wk low

107.13

Snowflake, Inc. (NYSE:SNOW) shares are trading higher after announcing a partnership with Meta (NASDAQ:META) to host Meta's Llama 3.1 collection of multilingual open source large language models (LLMs) in Snowflake Cortex AI. Snowflake's AI Research team has optimized Llama 3.1 for better performance and is open-sourcing its advanced LLM inference and fine-tuning optimization stack.

Portfolio Pulse from Dylan Berman

July 23, 2024 | 5:54 pm

Snowflake and Meta have partnered to optimize a new flagship model family in Snowflake Cortex AI. This collaboration has led to the launch of a Massive LLM Inference and Fine-Tuning System Stack, establishing a new state-of-the-art solution for multi-hundred billion parameter models like Llama 3.1 405B.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:17 pm

Today's session saw significant options activity involving major IT stocks, with notable trades in NVDA, AMD, AAPL, MSFT, INTC, SMCI, ALAB, DELL, SNOW, and ASML. These trades, tracked by Benzinga's options activity scanner, indicate varying sentiments from bullish to bearish, potentially impacting short-term stock prices.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 5:35 pm

Disney has suffered a significant data breach by the hacking group Nullbulge, which leaked sensitive internal data from Disney's Slack channels. The breach includes discussions about ad campaigns, studio technology, and candidate interviews, and spans back to 2019. Disney is currently investigating the breach.

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 1:08 pm

The article provides a comprehensive analysis of Snowflake (NYSE:SNOW) based on 33 recent analyst reviews. The overall sentiment is predominantly bullish, with 26 out of 33 analysts rating it as either 'Bullish' or 'Somewhat Bullish'. The average 12-month price target is $206.67, showing a slight decline from the previous average of $212.50. Key analysts have maintained or adjusted their ratings and price targets, reflecting mixed but generally positive sentiment. Snowflake's financial performance shows strong revenue growth but challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

July 08, 2024 | 12:01 pm

Needham analyst Mike Cikos has reiterated a Buy rating on Snowflake (NYSE:SNOW) and maintained a price target of $210.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:18 am

The article highlights significant options activity in the Information Technology sector, focusing on call options for various companies. Notable bullish sentiments were observed for AMD, AAPL, DELL, TSM, and MSTR, while bearish sentiments were noted for NVDA, MSFT, SNOW, and PLTR. AVGO showed neutral sentiment.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 5:35 pm

Whales have shown a bullish stance on Snowflake (NYSE:SNOW) with 61% of options trades being bullish. The trades include 13 calls and 5 puts, with a total trade value of $621,715 and $304,342 respectively. Analysts have mixed ratings with an average target price of $204.6. The stock is currently down 0.72% at $141.74.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 3:32 pm

CDK Global is working to restore its dealer management system (DMS) after cyberattacks impacted 15,000 U.S. car dealerships. The company aims to have all dealer connections live by July 4th. CDK Global was acquired by Brookfield Business Partners (NYSE:BBU) in 2022. Additionally, Advance Auto Parts (NYSE:AAP) is investigating a potential data attack connected to Snowflake (NYSE:SNOW).

Portfolio Pulse from Anan Ashraf

July 02, 2024 | 10:20 am

Snowflake Inc. (NYSE:SNOW) shares rose on Monday after Goldman Sachs reiterated its Buy rating and added the company to its Conviction List. Analyst Kash Rangan emphasized Snowflake's potential in cloud software and data analytics, highlighting its strategic position in the AI Revolution and the new CEO's strategy to accelerate product development. Rangan forecasts robust top-line growth and strong free cash margins.

Portfolio Pulse from Vaishali Prayag

July 01, 2024 | 8:00 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.