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What is Snowflake stock?
Think of Snowflake stock as a proxy on the torrid growth of cloud computing giants Amazon.com (AMZN), Microsoft (MSFT) and Alphabet's (GOOGL) Google. Stellar customer growth enabled SNOW stock to pull off the largest initial public offering ever by a software company in September 2020.
What is a good price for Snowflake stock?
Performance OutlookPrevious Close122.54Ask124.79 x 1100Day's Range120.13 - 125.1152 Week Range110.26 - 405.00Volume554,7303 more rows
Can you buy stock in Snowflake?
Snowflake is a publicly-traded company. To purchase the stock, you need an account with a US licensed stockbroker. Snowflake trades on the New York Stock Exchange (NYSE) under the ticker SNOW. If you have a brokerage account, it's simple to place an order for the stock.
Why is Snowflake a buy?
Snowflake previously indicated that its product sales could grow to almost $10 billion by 2029 and the company's margins have also been improving, meaning that it could be solidly profitable in the long run. Snowflake also appears to typically be conservative with its forecasts.
Why is Snowflake so popular?
For general users, Snowflake provides complete ANSI SQL language support for managing day-to -day operations. It's cloud agnostic, with unlimited, seamless scalability across Amazon Web Services (AWS) and Microsoft Azure (with the prospect of adding Google Cloud soon).
Is Snowflake a good long term buy?
Snowflake has an elite dollar-based net revenue retention rate of 174%. It means customers have spent 74% more on Snowflake in the past 12 months than they did in the previous 12 months, net of churn (customer loss).
Why is Snowflake so hyped?
Snowflake's fundamentals justify the hype Snowflake has so much hype, because it's putting up growth metrics among the best of any company on the stock market. The business is growing revenue at a triple-figure rate, up 110% year over year in its most recent report for the fiscal 2022 third quarter.
What is Snowflake used for?
Snowflake enables data storage, processing, and analytic solutions that are faster, easier to use, and far more flexible than traditional offerings. The Snowflake data platform is not built on any existing database technology or “big data” software platforms such as Hadoop.
Why is Snowflake stock dropping?
What happened. Shares of Snowflake (SNOW 4.37%), a cloud-based data platform company, tumbled last month, seemingly on no company-specific news. Instead, investors were likely reacting to a broader market sell-off, rising inflation, and an upcoming Federal Reserve interest rate hike.
Does Buffett own Snowflake?
Berkshire Hathaway only owns 2% of Snowflake's shares outstanding. It's important to note, too, that Apple shares are down nearly 16% this year, or worse than the S&P 500. And it's a similar story in a sector that's more typical of a Warren Buffett stock: financials.
Is Snowflake worth investing?
By growing its top-line revenue at a faster pace than its expenses, Snowflake has a viable path to consistent cash-flow generation. As of Jan. 31, 2022, Snowflake had a total of 5,944 customers, up 44% year over year. Moreover, the company reported strong momentum in its customer cohort of $1 million or more.
Why did Warren Buffett buy Snowflake?
The overall idea behind SNOW is to help corporate companies improve efficiency in computation and storage, which saves both time and dollars for large enterprises. Prior to its IPO, Snowflake had a billion-dollar valuation – the definition of unicorn status.
Should I buy or sell Snowflake stock right now?
31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last year. There are currently 2 sell ratings,...
What is Snowflake's stock price forecast for 2022?
31 brokers have issued 12-month price objectives for Snowflake's shares. Their forecasts range from $120.00 to $415.00. On average, they expect Sno...
How has Snowflake's stock price performed in 2022?
Snowflake's stock was trading at $338.75 at the beginning of the year. Since then, SNOW stock has decreased by 63.9% and is now trading at $122.42....
When is Snowflake's next earnings date?
Snowflake is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022. View our earnings forecast for Snowflake .
How were Snowflake's earnings last quarter?
Snowflake Inc. (NYSE:SNOW) announced its earnings results on Wednesday, May, 25th. The company reported $0.08 earnings per share for the quarter, b...
Who are Snowflake's key executives?
Snowflake's management team includes the following people: Mr. Frank Slootman , Chairman, Pres & CEO (Age 63, Pay $775.2k) ( LinkedIn Profile )...
Who are some of Snowflake's key competitors?
Some companies that are related to Snowflake include Intuit (INTU) , ServiceNow (NOW) , NetEase (NTES) , Activision Blizzard (ATVI) , VMware (...
What other stocks do shareholders of Snowflake own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Snowflake investors own include NVIDIA (NVDA) , Tesla (TS...
When did Snowflake IPO?
(SNOW) raised $2.2 billion in an initial public offering on Wednesday, September 16th 2020. The company issued 28,000,000 shares at $75.00-$85.00 p...
SNOW Stock: Synergy With Cloud Computing Giants
SNOW stock reports fourth-quarter earnings on March 2. Analysts estimate earnings of 3 cents a share on revenue of $372.7 million.
Snowflake Stock: Competition Increasing
Snowflake stock hit an all-time high of 429 in early December last year. But SNOW stock swooned in late 2020 amid analyst concerns over its lofty valuation.
SNOW Stock: ServiceNow Veterans Lead Company
Snowflake brought in Frank Slootman as CEO in May 2019. Slootman had stepped down as CEO of ServiceNow in early 2017. Former ServiceNow ( NOW) Chief Financial Officer Mike Scarpelli in 2019 also joined Snowflake in the same CFO position.
Amazon Web Services A 'Frenemy'
"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.
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 ), typically provide the highest revenue growth. Salesforce is a key marketing partner of SNOW stock.
Snowflake Stock Gains Traction In Large Deals
Snowflake said third-quarter revenue jumped 110% from a year earlier to $334.4 million. Meanwhile, analysts had estimated Snowflake revenue at $305.6 million.
SNOW Stock Technical Analysis
Snowflake stock went public on Sept. 16, 2020, at 120 a share. At the time, software growth stocks were hot as investors sought recurring revenue amid the coronavirus emergency.
About Snowflake
Snowflake Inc. provides cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data.
Headlines
Where Will Snowflake Stock Be In 10 Years? Higher, But By How Much? - Seeking Alpha
Snowflake (NYSE:SNOW) Frequently Asked Questions
24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last year. There are currently 6 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Snowflake stock. View analyst ratings for Snowflake or view top-rated stocks.
The hottest tech IPO of 2020 has lost its luster -- but is it still a worthy long-term investment?
Snowflake ( SNOW 6.82% ) was one of the hottest tech IPOs of 2020. The cloud services company went public at $120 last September, more than doubled on the first day, and hit a 52-week high of $429 in December.
Why did Snowflake attract so much attention?
Large companies often store their data across different computing platforms and silos. Analyzing that data can be a time-consuming and inefficient process, so Snowflake simplifies the process by pulling all that information onto a centralized cloud-based platform.
How fast is Snowflake growing?
Snowflake's total number of customers jumped 73% to 4,139 at the end of fiscal 2021, including 186 of the Fortune 500 companies.
Lots of red ink and tough competitors at the gates
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.
Snowflake is still too expensive
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.
