Should you buy Snowflake stock?
Shares of Snowflake (NYSE: SNOW), a cloud-based data platform company, tumbled last month, seemingly on no company-specific news. Instead, investors were likely reacting to a …
How risky is Snowflake stock?
Snowflake Inc. is a cloud computing–based data warehousing company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode.
When does Snowflake start trading?
Apr 15, 2022 · Snowflake is a cloud-based database company. It is growing revenue from existing customers at an astounding 78% year-over-year rate. Even though the stock price is down 36% this year, it still...
What happened to Snowflake stock?
May 11, 2022 · Snowflake Stock Fundamental Analysis Software stocks typically trade as a multiple of forward-looking revenue growth. Software-as-a-service, or SaaS, companies, such as Salesforce.com ( CRM ),...
Where is Snowflake located?
When did Snowflake start?
Snowflake Inc. is a cloud computing-based data warehousing company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The company's name was chosen as a tribute to the founders' love of winter sports.
What is Snowflake cloud?
Snowflake Inc. is a cloud computing-based data warehousing company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode.
Is Snowflake a cloud?
Snowflake offers a cloud-based data storage and analytics service, generally termed "data warehouse-as-a-service". It allows corporate users to store and analyze data using cloud-based hardware and software. Snowflake runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019.
How much did Snowflake lose in the first quarter?
"While Snowflake is multi-cloud, it derives some 85% of its revenues from data analytics jobs deployed on Amazon Web Services, which is also Snowflake's biggest rival with AWS Redshift," UBS analyst Karl Keirstead said in a recent note to clients.
Is Snowflake a disruptive company?
In the first quarter, Snowflake reported a GAAP operating loss of $205.6 million and a GAAP per-share loss of 70 cents. Snowflake stock subsequently fell. It recorded an adjusted operating loss of $35.8 million.
How much did Snowflake lose in 2020?
Snowflake is a disruptive company that carved out a high-growth niche in the crowded cloud services market. But its days of triple-digit revenue growth are gradually ending, and there's no clear path toward profitability as Amazon, Microsoft, and others try to catch up to Snowflake.
Who is the CEO of Whole Foods Market?
Snowflake's top-line growth is impressive, but its net loss widened from $348.5 million in fiscal 2020 to $539.1 million in fiscal 2021. That trend continued in the first quarter of 2022, as its net loss more than doubled from $93.6 million to $203.2 million.
Is Snowflake profitable?
Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Teresa Kersten, an employee of LinkedIn, ...
Is Snowflake a competitor?
The company may not prove profitable any time soon, but it certainly seems to cater well to its customers' needs and concerns. Based on its current pattern, Snowflake should continue to see stellar growth in the near term; its far-off future, though, remains to be seen.
Is Snowflake on AWS?
Snowflake is a cloud-based data warehousing service, and the market in which it operates is highly competitive. Current major competitors include similar cloud providers Amazon ( NASDAQ:AMZN) Web Services (AWS), Microsoft ( NASDAQ:MSFT) Azure, and Alphabet 's ( NASDAQ:GOOG) ( NASDAQ:GOOGL) Google Cloud Platform (GCP), as well as established vendors of legacy database and big data services. Many of the company's competitors enjoy substantially greater brand recognition and reputation, as well as higher financial and technical resources. In fact, Snowflake offers its platform on public clouds provided by AWS, Azure, and GCP, with a substantial majority of its business running on the AWS public cloud.
Who is Suzanne Frey?
In fact, Snowflake offers its platform on public clouds provided by AWS, Azure, and GCP, with a substantial majority of its business running on the AWS public cloud. Despite this, Snowflake has a growing number of customers.
Who is Teresa Kersten?
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool ’s board of directors. Christine Williams has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alphabet (A shares), ...
