Year-to-date, SNOW stock is down 41.7%. Source: Sundry Photography / Shutterstock The narrative blames high inflation and rising interest rates. Unfortunately, Russia’s invasion of Ukraine has shifted investment sentiment to a risk-off mood, which can logically explain the poor stock price performance.
What is wrong with snow stock?
Why Snowflake Stock Fell 25% in April. Shares of Snowflake (NYSE: SNOW), a cloud-based data platform company, tumbled last month, seemingly on no company-specific news.
What happened to Snowflake (snow) stock?
Aug 20, 2021 · Indeed, SNOW stock is down 9% at the time of writing on heavy volume today. The latest move appears to mark the reversal of some rather strong momentum with Snowflake. Indeed, over the past three ...
Is snow the most expensive stock on the market?
Aug 20, 2021 · Shares of cloud-based data storage and analytics service provider Snowflake ( SNOW-5.80%) are falling today, down by 8% as of 11:30 a.m. EDT. ... 1 …
Should snow be trading at almost 2 times higher market cap than ZM?
Jul 20, 2021 · Snowflake's stock price has decreased by -11% year-to-date underperforming the major stock indices, as the market's earlier growth and profitability expectations for SNOW were probably too bullish.
Why is Snowflake stock dropping today?
Is SNOW stock a good investment?
What is the prediction for Snowflake stock?
The 28 analysts offering 12-month price forecasts for Snowflake Inc. have a median target of 305.00, with a high estimate of 530.00 and a low estimate of 190.00. The median estimate represents a +112.86% increase from the last price of 143.29.
Is Snowflake a good company?
Is Snowflake a Buy sell or hold?
Is Snowflake a long term hold?
Why is Snowflake so popular?
Does Snowflake make money?
Who owns Snowflake stock?
| Stockholder | Stake | Shares owned |
|---|---|---|
| Iconiq Capital LLC | 8.20% | 25,102,653 |
| Altimeter Capital Management LP | 5.55% | 17,001,796 |
| The Vanguard Group, Inc. | 4.95% | 15,147,939 |
| Morgan Stanley Investment Managem... | 4.59% | 14,066,364 |
Is snow a buy or sell?
...
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.97% |
| 2 | Buy | 18.45% |
| 3 | Hold | 10.03% |
| 4 | Sell | 5.70% |
Is Snowflake owned by Amazon?
...
Snowflake Inc.
| Type | Public company |
|---|---|
| Revenue | US$1.219 billion (2022) |
| Net income | US$−680 million (2022) |
| Total assets | US$6.650 billion (2022) |
| Total equity | US$5.049 billion (2022) |
Does Snowflake stock pay dividends?
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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When will Snowflake's growth slow down?
At the company's Investor Day on June 10, 2021, Snowflake guided that its YoY top-line expansion will slow from +120% in FY 2021 (February 1, 2020 to January 31, 2021) to +30% in FY 2029.
How much will the cloud cost in 2025?
Gartner ( IT) forecasts that global cloud spending will more than triple from $106 billion in 2020 to $356 billion in 2025, which implies an increase in the proportion of public cloud spending as a percentage of total expenditures for software from 58% to 86% over the same period.
What is Snowflake's 2021 10-K?
In its FY 2021 (YE January 31) 10-K filing, Snowflake refers to itself as a company that "provides a cloud-based data platform, which enables customers to consolidate data to drive meaningful business insights, build data-driven applications, and share data.".
Is Snowflake a competitor?
In other words, Snowflake's key suppliers and vendors are also the company's competitors, notwithstanding the fact that SNOW does have an edge being an independent player unaffiliated with the technology giants. These internet giants also have a big impact on Snowflake's path to profitability.
Is Snowflake's future profitability related to revenue growth?
It is also important to note that SNOW's future profitability is linked to revenue growth as well. If Snowflake's future revenue growth is slower than expected, the impact of positive operating leverage effects will be less pronounced and this will translate into lower-than-expected profit margins in the future.
Is Snowflake stock undervalued?
It is hard to argue that Snowflake is undervalued now. It is also worthy of note that even the perpetually bullish sell-side analysts are not that positive on the company at the moment. Only half of the 28 analysts covering Snowflake have either Buy (Very Bullish) or Out-perform (Bullish) ratings on the stock.
Is Snowflake real?
On the positive side of things, Snowflake does deliver real value to its clients. According to an August 2020 Forrester Research ( FORR) study, SNOW has created value for four of its customers to the tune of $21 million in a three-year time frame, which translates to a Return On Investment of 612%.
How much revenue did Snowflake generate?
But things got a little out of hand last year. Snowflake generated about $590 million of revenue in the fiscal year that ended in January. At its peak market capitalization of about $110 billion, the company was valued at a staggering 186 times annual sales.
How much is Snowflake worth in 2020?
At its peak, the company was worth over $100 billion. Things have not gone well since then. Snowflake stock slumped as 2020 came to a close, and the recent sell-off in high-flying tech stocks led shares of Snowflake to dive again.
Is Snowflake revenue growing?
Yes, revenue is still growing very quickly, so that multiple will come down fast over time. But to get a sense of exactly how expensive Snowflake was at its peak, here's a chart of price-to-sales ratios for some dot-com bubble darlings in the late 1990s and early 2000s:
Is Snowflake profitable?
The company also reported a net revenue retention rate of 168%, which indicates that its current customers are ramping up spending at a healthy rate. Snowflake isn't profitable, and the bottom line is only getting worse, but the stock market hasn't really cared about profits any time recently. Growth has been all that matters.
What did a new partnership do to the stock?
A new partnership boosted the stock leading up to earnings.
How many articles has The Fool written on Snowflake Inc?
The Fool has written over 200 articles on Snowflake Inc..
Did Snowflake miss earnings?
Snowflake crushed on sales growth in the first quarter, but missed badly on earnings.
Does Snowflake have a market?
Snowflake has a large addressable market, and its unique offering could allow it to make the most of the data storage transformation.
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Is Snowflake a good cloud?
I work for 5 years in cloud sales. Snowflake is unmatched when it comes to data warehousing maturity and performance. It beats AWS, Google, Microsoft. No contest. If you believe in data & cloud be sure to invest in Snowflake.
What is the IBD rating of snow stock?
SNOW stock holds an IBD Composite Rating of 74 out of a best possible 99, according to IBD Stock Checkup.
How much did Snowflake lose in the first quarter?
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 revenue will Snowflake have in 2029?
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 a compound annual growth rate of 44%.
How much has Snowflake gained in 2021?
SNOW stock has gained 39% in 2021 as of Nov. 19. Snowflake stock appears to have hit resistance at 400 following the run-up.
Where is Snowflake based?
Snowflake had been based in San Mateo, Calif. Amid the shift to remote work spurred by the coronavirus emergency, Snowflake in May said it no longer has a corporate headquarters. It designated Bozeman, Mont., as its principal executive office. Slootman and Scarpelli are based in Bozeman.
What are the markets of Snowflake?
Snowflake has focused on six core markets, including financial services, health care and life sciences, retail and consumer packaged goods, advertising media and entertainment, technology, and the government sector.
What is Snowflake's partnership with C3.AI?
In June, Snowflake partnered with C3.ai ( AI ). The two companies will cooperate in offering artificial intelligence tools to companies.
