Snowflake (NYSE: SNOW) stock is down 12% today after the cloud computing company issued quarterly results that disappointed investors. It also said the current economic environment is likely to negatively impact its business going forward.
Full Answer
Why is Snowflake stock down 12% today?
Snowflake (NYSE: SNOW) stock is down 12% today after the cloud computing company issued quarterly results that disappointed investors. It also said the current economic environment is likely to negatively impact its business going forward.
Should you buy snow technologies (snow) stock?
Here is what technical analysis says about buying SNOW stock. The tech sector may be down right now, but it's still bursting with opportunity for long-term investors.
Will Snowflake's growth slow in Q2?
Now here's the good: Responding to today's sell-off, which in turn was a response to Cleveland Research's note, Snowflake fan Piper Sandler said that even if growth does moderate in Q2, we're probably only talking about a slowdown from average growth of 218% to just 144% -- still pretty speedy growth, in other words.
Is Snowflake’s bull market unstoppable?
The bull market seems ‘unstoppable,’ experts say Snowflake, Inc. provides cloud data warehousing software. It provides SQL data warehouse, zero management, and broad ecosystem products.
What is the prediction for Snowflake stock?
Stock Price Forecast The 30 analysts offering 12-month price forecasts for Snowflake Inc. have a median target of 180.00, with a high estimate of 530.00 and a low estimate of 110.00. The median estimate represents a +39.08% increase from the last price of 129.42.
Is snow a buy now?
- Hold. Zacks' proprietary data indicates that Snowflake Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the SNOW shares relative to the market in the next few months.
Is snow a buy or sell?
Today SNOW ranks #12964 as sell candidate.
Is snow a good stock?
So far, SNOW has not been a great investment for public investors, but it doesn't mean it will stay that way. SNOW is now trading on the low-end of its valuation spectrum, at about 15 times forward sales (if we factor the after-hours sell-off).
Is SNOW Stock profitable?
Snowflake is nearing an annual revenue run-rate of $1 billion. That's a big milestone for software growth companies. But SNOW stock is just turning profitable on an "adjusted" or non-GAAP earnings basis.
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).
What is Snowflake news?
Snowflake Launches New Cybersecurity Workload to Detect and Respond to Threats with the Data Cloud. 06/01/2022. Snowflake and Carahsoft Team to Streamline the Procurement of Snowflake Data Cloud in AWS Marketplace. 05/25/2022. Snowflake Reports Financial Results for the First Quarter of Fiscal 2023.
What is Snowflake analysis?
SNOWFLAKE ANALYSIS is a model by SIMPLY WALLST which helps an investor to asses stocks which meet their investment parameters and objectives. Snow Flake analysis is a quantitative summary which asses the stocks based on 5 Core Assessment areas.
How fast is Snowflake growing?
--(BUSINESS WIRE)-- Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its fourth quarter and full year of fiscal 2022, ended January 31, 2022. Revenue for the quarter was $383.8 million, representing 101% year-over-year growth.
Why did Snowflake stock drop?
Shares of Snowflake (SNOW 0.50%), 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.
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.
Is Snowflake cashflow positive?
Snowflake (NYSE:SNOW) has many positive characteristics, including extremely rapid growth, many prominent customers, “great technology,” a CEO who has been extremely successful in the past, and a very promising initiative. Additionally, Snowflake expects its cash flow to be positive this year.
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Snowflake to Present at Upcoming Investor Conferences
No-Headquarters/BOZEMAN, Mont., February 22, 2022--Snowflake (NYSE: SNOW), the Data Cloud company, today announced Chief Financial Officer, Mike Scarpelli will present at the following investor conferences:
Is Snowflake Stock A Buy Amid Software Sector Volatility?
Snowflake stock, the biggest software IPO ever, has rebounded. Here is what technical analysis says about buying SNOW stock.
What happened
Shares of cloud-based data storage and analytics service provider Snowflake ( SNOW -1.19% ) are falling today, down by 8% as of 11:30 a.m. EDT.
So what
As StreetInsider.com reports today, Cleveland Research counseled caution over Snowflake stock this morning, warning that Snowflake's partners "are seeing sales cycles elongate on increased competition from hyperscalers," and that Alphabet 's BigQuery cloud data warehouse may be Snowflake's biggest competition.
NYSE: SNOW
Looking ahead to Snowflake's upcoming Q2 2021 earnings report, which is due out after close of trading on Wednesday, Aug. 25, Cleveland Research says investors can expect to see "consumption growth" similar to (i.e., not better than) Q1 levels and a slowing in client sign-ups to boot (implying slower revenue growth in future quarters as well).
Now what
That's the bad news. Now here's the good: Responding to today's sell-off, which in turn was a response to Cleveland Research's note, Snowflake fan Piper Sandler said that even if growth does moderate in Q2, we're probably only talking about a slowdown from average growth of 218% to just 144% -- still pretty speedy growth, in other words.
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