Is snow (snow) stock profitable?
But SNOW stock is unprofitable on the two most common accounting standards. Many software companies are unprofitable using GAAP earnings, or generally accepted accounting principles, which includes stock-based compensation. But they're profitable on a non-GAAP or "adjusted" earnings basis.
What is Snowflake's (snow) stock symbol?
What is Snowflake's stock symbol? Snowflake trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNOW." How do I buy shares of Snowflake?
Where can I buy shares of snow?
Shares of SNOW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
Should you buy Snowflake stock?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last twelve months. There are currently 10 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Snowflake stock. View analyst ratings for Snowflake or view top-rated stocks.
Is Snow stock a good buy?
In addition, SNOW stock holds an IBD Composite Rating of 22 out of a best possible 99, according to IBD Stock Checkup. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
Who is Snowflake stock?
Snowflake General Information Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers including nearly 30% of the Fortune 500 as its customers.
What is a good price for Snowflake stock?
The average Snowflake price target is $202.62, implying upside potential of 46.6%. Analyst price targets range from a low of $120.00 per share to a high of $415.00 per share.
Can you invest in Snowflake?
Snowflake isn't profitable, so you can't go by a price-earnings ratio to judge its valuation. Investing in this stock is a bet on growth, not valuation.
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).
How do I buy SNOW stock?
Snowflake shares are listed on the New York Stock Exchange under the symbol SNOW. Investors can purchase shares using any online or traditional brokerage. This includes trading platforms such as Robinhood and Webull as well as the likes of Charles Schwab, E*Trade, Fidelity and Vanguard Brokerage Services.
Is SNOW Buy Sell or Hold?
Snowflake has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 21 buy ratings, 7 hold ratings, and 2 sell ratings.
Is SNOW stock a buy or sell?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Who uses Snowflake?
Leading cloud computing giants like Microsoft (MSFT), Amazon (AMZN), and Alphabet's Google (GOOGL) today allow their customers to use Snowflake (SNOW) software. About two-fifths of Fortune 500 companies use Snowflake software today.
Is Snowflake a Chinese company?
What is Snowflake? San Mateo, Calif. -based Snowflake was founded in 2012 to help companies manage data they store on the cloud—the remote servers and software services provided by the likes of Amazon.com Inc.
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.
How do I buy Snowflake stock before IPO?
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. Search for the ticker symbol SNOW, click “buy,” and choose the number of shares you want.
Is Snowflake a buy right now?
30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last twelve months. There are currentl...
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) posted its quarterly earnings data on Wednesday, May, 25th. The company reported $0.08 EPS for the quarter, beating anal...
What price target have analysts set for SNOW?
30 equities research analysts have issued 1-year price targets for Snowflake's stock. Their forecasts range from $120.00 to $415.00. On average, th...
Who are Snowflake's key executives?
Snowflake's management team includes the following people: Mr. Frank Slootman , Chairman, Pres & CEO (Age 63, Pay $750.71k) ( LinkedIn Profile )...
Who are some of Snowflake's key competitors?
Some companies that are related to Snowflake include SAP (SAP) , Intuit (INTU) , ServiceNow (NOW) , NetEase (NTES) , Activision Blizzard (ATVI...
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...
What is Snowflake's stock symbol?
Snowflake trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNOW."
About Snowflake
Headlines
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.
Snowflake (NYSE:SNOW) Frequently Asked Questions
Where Will Snowflake Stock Be In 10 Years? Higher, But By How Much? - Seeking Alpha
What is Snowflake cloud?
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.
When did Snowflake start?
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.
Where is Snowflake located?
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 on Amazon?
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.
How much did Snowflake stock gain in 2021?
Snowflake runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019. The company is credited with reviving the data warehouse industry by building and perfecting a cloud-based data platform.
Is Snowflake stock a sell or buy?
The Snowflake Inc. stock price gained 7.67% on the last trading day (Friday, 9th Jul 2021), rising from $250.30 to $269.49. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 8.88% from a day low at $249.82 to a day high of $272.00. The price has risen in 6 of the last 10 days and is up by 7.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $2.62 billion.
When did Snowflake stock hit 429?
The Snowflake Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet ...
How much did Snowflake lose in the first quarter?
Snowflake stock hit an all-time high of 429 in early December. But SNOW stock swooned in late 2020 amid analyst concerns over its lofty valuation. At a June 10 analyst day, Snowflake laid out a path to $10 billion in product revenue by fiscal 2029, which coincides with calendar 2028. The $10 billion revenue target would result in ...
How many employees will Snowflake have in 2022?
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.
What is Pfizer Snowflake?
For fiscal 2022, for example, Snowflake has told analysts it plans to hire 1,200 net new employees, which would represent 48% growth in head count. Still, investments are paying off in revenue growth. Snowflake had 4,532 customers as of April 30, up 67% from the year-earlier period.
Is Snowflake stock a premium?
Pfizer uses Snowflake tools to forecast product sales and to gain insights into the distribution of the Covid-19 vaccine. Stellar customer growth enabled SNOW stock to pull off the largest initial public offering ever by a software company in September 2020. The IPO raised $3.4 billion.
Does Snowflake support Unified ID 2.0?
Snowflake stock still trades at a substantial premium as a multiple of forward-looking revenue growth. SNOW stock holds an IBD Composite Rating of 36 out of a best possible 99, according to IBD Stock Checkup. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating.
Is Snowflake available on Amazon?
Snowflake in July announced support for digital advertising standard Unified ID 2.0. Advertising is one of Snowflake's largest verticals with customers representing a large percentage of players in the space, noted a RBC Capital report. The move comes as Google phases out internet cookies for targeted advertising.
