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

Software stocks are trading higher due to a tech rebound and strong earnings from Autodesk and Intuit. Stocks mentioned include Autodesk (ADSK), ServiceNow (NOW), Oracle (ORCL), and Atlassian (TEAM).

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:48 pm

The article reports on the options activity of 10 Information Technology stocks, including NVDA, AAPL, FSLR, INTC, ORCL, SNOW, PLTR, AMD, DOCN, and MSFT. The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, known as whales. The article provides detailed information on the type of options activity (put or call), the sentiment (bullish or bearish), the expiration date, the strike price, the total trade price, the open interest, and the volume for each stock.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 5:35 pm

Snowflake Inc (NYSE:SNOW) exceeded analysts' expectations with its latest quarterly revenue and earnings, with shares rising 3% following the report. The company's results were boosted by increasing data management and storage needs amid the AI hype. Snowflake also announced a partnership with Nvidia (NASDAQ:NVDA) to help enterprises build custom large language AI models. For the quarter ending July 31st, revenue rose about 36% to $674 million, topping Refinitiv’s consensus estimate of $662.2 million. The company expects product revenue for the third quarter to be between $670 million and $675 million.

Portfolio Pulse from Upwallstreet

August 25, 2023 | 4:50 pm

A significant number of investors have taken a bullish stance on Snowflake (NYSE:SNOW), with 57% of investors opening trades with bullish expectations. Whales have been targeting a price range from $110.0 to $185.0 for Snowflake over the last 3 months. The price of SNOW is up 1.43% at $149.78. Several experts have maintained their positive ratings on Snowflake, with price targets ranging from $170 to $191.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:46 pm

Rosenblatt analyst Blair Abernethy has reiterated a Neutral rating on Snowflake (NYSE:SNOW) and maintained a price target of $170.

Portfolio Pulse from richadhand@benzinga.com

August 25, 2023 | 11:32 am

Several US stocks traded lower on Thursday, with AMC Entertainment Holdings, Petco Health and Wellness Company, Spirit AeroSystems Holdings, Opera Limited, C3.ai, IonQ, Fulcrum Therapeutics, Zuora, Dollar Tree, Bitfarms, TuSimple Holdings, Tilray Brands, Canoo, Burlington Stores, Applied Optoelectronics, Nikola Corporation, Roku, Lavoro Limited, Snowflake, and Marvell Technology all recording losses. Factors contributing to the decline include mixed quarterly results, lowered sales guidance, and quality issues.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 3:18 pm

Snowflake Inc reported better-than-expected Q2 earnings with a 36% YoY increase in revenue to $674.02 million, beating the consensus estimate of $662.24 million. The company also reported quarterly earnings of 25 cents per share, surpassing analyst estimates of 10 cents per share. Despite the positive results, Snowflake shares fell 5% to trade at $147.80. Post-earnings, several analysts revised their price targets on Snowflake.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 3:16 pm

Snowflake's shares are experiencing increased volatility following the release of the company's Q2 financial results. The stock initially surged but has since sold off.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 2:44 pm

Despite reporting better-than-expected results for its fiscal second quarter, shares of Snowflake Inc (NYSE:SNOW) declined in early trading on Thursday. Analysts from Piper Sandler, Mizuho Securities, Morgan Stanley, Goldman Sachs, and Needham provided their insights on the earnings release, with most maintaining a positive outlook on the company's future growth. However, the company's stock price declined by 2.22% to $152.25 at the time of publication.

Portfolio Pulse from Priya Nigam

August 24, 2023 | 2:43 pm

Wedbush analyst Taz Koujalgi has reiterated a Neutral rating on Snowflake (NYSE:SNOW) and maintained a price target of $144.

Portfolio Pulse from richadhand@benzinga.com

August 24, 2023 | 1:28 pm

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