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 and NVIDIA have announced a partnership to revolutionize enterprise AI by combining their leading AI-powered applications, models, and hardware. This collaboration aims to help businesses implement AI solutions more efficiently and effectively.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:18 am

Snowflake announced the launch of Polaris Catalog and reiterated its commitment to interoperability with AWS, Google Cloud, Microsoft Azure, and Salesforce.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:02 pm

The article highlights the ten large-cap stocks that were the worst performers last week, including MongoDB, Nutanix, DraftKings, Salesforce, Samsara, Celsius Holdings, Agilent Technologies, Snowflake, ServiceNow, and Hormel Foods. The declines were driven by weak guidance, earnings results, tax hikes, and other factors.

Portfolio Pulse from Lekha Gupta

June 02, 2024 | 3:12 pm

Brad Jones, VP of Information Security at Snowflake, addressed reports of a potential compromise in Snowflake's production environment. He stated there is no evidence of any vulnerability, misconfiguration, or breach in Snowflake's product and that Snowflake does not believe it was the source of any leaked customer credentials.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:38 pm

Snowflake Inc. (NYSE:SNOW) shares are trading lower due to a reported data breach and mixed first-quarter results. The company beat revenue estimates but missed earnings expectations and lowered its margin forecasts due to AI infrastructure expenses. Despite this, Snowflake projects strong product revenue growth for the second quarter and full year. Analysts have mixed ratings, with an average 12-month price target suggesting potential upside.

Portfolio Pulse from Erica Kollmann

May 31, 2024 | 6:01 pm

Snowflake shares are trading lower following a report from HudsonRock indicating that the company may have experienced a security breach.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:26 pm

Snowflake shares are moving lower as traders circulate a HudsonRock report suggesting that the cloud storage giant has suffered a massive breach. The report claims that a hacker confirmed access through an infostealer infection.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:02 pm

Wealthy investors have taken a bullish stance on Snowflake (NYSE:SNOW), as evidenced by 16 significant options trades detected by Benzinga's options scanner. The sentiment is split with 50% bullish and 31% bearish. Analysts have set price targets ranging from $185 to $215, with the stock currently trading at $141.06.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 2:01 pm

At Benzinga's AI Virtual Conference, Hightower Advisors Chief Investment Strategist Stephanie Link expressed her positive outlook on Snowflake (SNOW), praising the new CEO's performance and suggesting that mergers and acquisitions could be a possibility in the long term.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:50 pm

Shares of software stocks are trading lower, possibly following weak guidance from Salesforce.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:40 pm

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