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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Snowflake

Snowflake, Inc. provides cloud data warehousing software. This includes the Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Its platform supports a range of use cases, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of three independently scalable layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. Snowflake was founded by Marcin Zukowski, Thierry Cruanes and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.

Earnings data Q1 2022

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Snowflake reports robust Q1 performance, eyes AI disruption in supply chain

Snowflake's Q1 earnings call showcased strong financial performance, with a focus on AI and machine learning workloads, supply chain management, and competitive advantages. However, challenges in consumption patterns and cost scrutiny were discussed, alongside opportunities in disruptive AI technologies and long-term growth prospects.

Snowflake reports strong Q2 results, faces challenges in sales execution

Snowflake's Q2 performance was strong, but challenges exist in maintaining product revenue growth and improving sales execution. The company's focus on AI, data sharing, and new product offerings presents opportunities for future growth.

Snowflake reports robust Q3 performance and eyes AI opportunities

Snowflake's Q3 FY 2024 performance reflects strong growth in product revenue and non-GAAP adjusted free cash flow. The company's introduction of new technologies and strong customer engagement through events like the Data Cloud World Tour and the Build Developer Conference are notable. However, challenges in product gross margins and the evolving sales approach require attention. Snowflake is well-positioned to capitalize on the increasing interest in AI and the demand for advanced data solutions in large enterprises.

Snowflake reports strong Q4 growth, eyes international expansion and product innovation

Snowflake's Q4 performance reflects robust growth in product revenue, margins, and customer adoption, positioning the company well for future expansion.
While facing challenges in customer ramp-up and international performance, Snowflake's strategic strengths in partnerships, acquisitions, and financial stability provide a solid foundation for growth.
Opportunities lie in product innovation, market expansion, and operational efficiencies, signaling a positive outlook for Snowflake's continued success in the cloud data industry.
By balancing growth initiatives with cost management strategies, Snowflake aims to achieve its long-term revenue targets and enhance shareholder value through prudent investments and customer-centric focus.

Snowflake reports robust Q1 growth, eyes AI expansion and supply chain dominance

Snowflake's Q1 performance reflects strong growth in product revenue and a focus on AI-powered data solutions. Despite challenges in demand environment and consumption slowdowns, the company remains optimistic about long-term growth prospects. Snowflake's strategic acquisitions and focus on efficient growth position it well for future opportunities in AI and data management.

Snowflake reports robust Q2 growth, eyes AI strategy and partnerships

Snowflake's Q2 performance reflects strong revenue growth, customer engagement, and financial health.
Strategic strengths in AI focus, partnerships, and customer alignment position Snowflake for continued growth.
Challenges in consumption growth and sales execution optimization require attention for sustained success.
Opportunities lie in workforce expansion, data strategy enhancement, and leveraging Container Services for future growth.

Snowflake reports robust Q3 results, eyes AI opportunities and partnerships

Snowflake delivered strong Q3 performance with notable revenue growth, margin improvement, and customer acquisition, supported by innovative product introductions.
While facing challenges in legacy optimizations and NRR stabilization, Snowflake is well-positioned to leverage opportunities in AI, partnerships, and market expansion.
The company's strategic focus on sales specialization, technology advancements, and customer growth underscores its resilience and potential for sustained success.
Snowflake's market engagement, product innovation, and financial discipline position it favorably for continued growth and leadership in the cloud data platform space.

Snowflake reports robust Q4 earnings, eyes AI growth opportunities

Snowflake's Q4 FY '24 earnings call highlighted strong financial performance, innovative product offerings, and positive customer feedback, positioning the company for continued growth.
While facing challenges in consumption trends and revenue guidance, Snowflake's focus on AI initiatives and product enhancements presents opportunities for future expansion and market leadership.
With a new CEO, Sridhar Ramaswamy, at the helm and a clear long-term strategy, Snowflake aims to navigate market challenges and capitalize on its strengths to drive sustained growth and customer value.

Snowflake reports robust Q1 performance, eyes AI innovation for growth

Snowflake's Q1 performance reflects strong revenue growth and financial stability, supported by AI innovation and strategic partnerships.
Challenges include sustaining revenue growth, customer adoption of AI products, and effectively monetizing data through new features.
Opportunities in leveraging Iceberg capability, collaborations with Microsoft, and AI applications position Snowflake for continued growth and innovation.

Snowflake surpasses Q2 expectations, expands product portfolio for growth

Snowflake delivered exceptional financial results, exceeding expectations and demonstrating strong growth across key metrics. With a focus on innovation and customer satisfaction, Snowflake is well-positioned to capitalize on market opportunities and drive continued success. While facing competition and cybersecurity challenges, Snowflake's strategic initiatives and expanding product offerings bode well for future growth.

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Snowflake, Inc. engages in the provision of cloud data warehousing software. The firm offers Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from data. Its platform supports a range of use cases including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of layers across storage, compute, and cloud services. The storage layer ingests structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. The company was founded by Marcin Zukowski, Thierry Cruanes, and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.

Snowflake shares continued to remain in the penalty box over recent months, thanks to a deteriorating short-term margin outlook and negative publicity from a data breach. Meanwhile, several company-specific growth drivers are lining up in the background that could visibly re-accelerate topline growth already this year. Combined with reasonable valuation levels, I continue to rate shares as a Strong Buy even if I've been fooled twice by the company recently.

Snowflake: Fool Me Once, Fool Me Twice

Snowflake (NYSE: SNOW ), which specializes in software for cloud-based data warehousing, certainly wasn't a darling of the market in 2024's first half. However, contrarian investors should definitely put Snowflake on their watch lists.

Snowflake Stock: A Sleeping Giant Ready to Erupt with 30% Gains

ATLANTA--(BUSINESS WIRE)--MessageGears one of first to integrate Snowflake Cortex AI.

MessageGears Among The First To Integrate With Snowflake Cortex AI

Snowflake's data warehouse and data lake are the vital funnels for AI ingestion and should remain an essential cog in the AI revolution. Its market leadership in data warehousing will keep it as a preferred provider for the AI data deluge. It has strong competitive advantages of an agnostic platform, switching costs, and the network effects of a shared marketplace.

Snowflake's Valuation Is Attractive Enough To Buy

Amazon

Oracle

As network connectivity improves worldwide, so does the ability to integrate wireless technologies like cloud computing. With these advancements, what were previously niche tech sectors have come to the forefront of the stock market.

3 Next-Gen Cloud Stocks to Supercharge Your Returns

Snowflake Inc. is down 31% in 2024 due to slowing growth and leadership changes, but recent improvements in the chart picture suggest the stock has bottomed out. Snowflake's sales trajectory remains strong with annual growth rates exceeding 30%, generating substantial free cash flow and raising product sales forecast. Despite challenges, Snowflake's technical indicators are bullish, sales multiple is low compared to peers, and potential for re-rating to $230 intrinsic value.

Snowflake: The Bottom Is In (Technical Analysis)

Shares of Snowflake Inc (NYSE:SNOW) are dropping alongside the rest of the cloud sector today, down 2.9% at $137.46 at last glance.

Don't Bet on a Bounce for Snowflake Stock Just Yet

Datadog

Alphabet

Microsoft

ServiceNow

Workday

As the march of digitalization moves skyward, cloud computing has become one of the most relevant investment sectors. Essentially, businesses from across multiple industries are migrating their data streams to online networks.

7 Cloud-Computing Stocks That Can Rain Profits in Your Portfolio

Data science and AI platform provider delivers secure Python Packages for Snowflake users, furthering its mission to make technology accessible to all Data science and AI platform provider delivers secure Python Packages for Snowflake users, furthering its mission to make technology accessible to all

Anaconda Launches Snowflake Notebooks Integration to Further Democratize Python for Data Science, AI Use Cases

Needham analyst Mike Cikos reiterated Snowflake Inc SNOW with a Buy and a $210 price target.

Snowflake's Shift in Narrative and Product Velocity Key to Future Growth, Analyst Says

Cisco Systems

Fastly

Cloud computing continues to undergird much of America's vibrant services sector. Many enterprises are making the switch from maintaining on-premises servers and resources to putting their data on remote cloud servers.

3 Cloud Computing Stocks to Sell in July Before They Crash & Burn

Apple

Warren Buffett steered Berkshire Hathaway to market-beating returns since 1965. While Buffett's simple investment strategy doesn't involve chasing hot trends like AI, three of Berkshire's holdings are positioned to benefit substantially from the AI revolution.

45% of Warren Buffett's $398 Billion Portfolio Is Invested in 3 Artificial Intelligence (AI) Stocks

Adobe

Salesforce

CrowdStrike

GitLab

monday.com

Cloudflare

Palantir Technologies

Shopify

Atlassian

Veeva Systems

Zoom Video

Zscaler

SaaS companies have strong growth potential in an ever-expanding TAM. The SaaS business model is unique and has a host of key operating and financial metrics to analyze. Certain metrics, such as Rule of 40, are key in determining a company's success rate.

Screening For The Best SaaS Companies

Artificial intelligence (AI) data cloud provider Snowflake Inc. NYSE: SNOW has had a series of misfortunate events, ranging from an earnings miss to data breaches, that caused its stock to tumble to 52-week lows at $122.60 on June 25, 2024. However, the shares have been able to rally for four consecutive days following the low as the market reconsiders its sentiment and ponders whether the sell-off was overdone.

Snowflake Stock Rebounds, Flies Higher on AI Spending

Snowflake's (SNOW) near-term prospects suffer from stiff competition and growing GPU-related costs despite an expanding portfolio and strong partner base.

Snowflake Stock Up 8% in a Week: What's Next for Investors?

Snowflake made it onto Goldman Sachs' July "Conviction List." Its analyst believes Snowflake's new CEO can turn around the stock's fortunes.

Why Snowflake Rallied Today to Start July

A 40% hit to Snowflake Inc (NYSE: SNOW) over the past four months is an opportunity to build a position at a discount, as per a Goldman Sachs analyst.  Shares of the data cloud company do not currently pay a dividend.

Snowflake stock down 40% is an opportunity to buy: Goldman Sachs analyst

Snowflake is seeing selling pressure in FY 2024 despite the cloud platform seeing strong top line growth and a 1 PP revenue acceleration in FQ1'25. The company's net losses are a concern, but free cash flow remains strong, with a 40% margin in the last quarter. Relatively new and evolving product offers like Snowflake Cortex AI make the Snowflake platform more attractive to enterprise customers.

Snowflake: Time To Load Up The Truck

Advanced Micro Devices

BYD Co Ltd

Forget the million-dollar lottery ticket. The real path to wealth could be hiding in plain sight: undervalued stocks.

3 Undervalued Stocks That May Be the Next Millionaire Makers

Data analytics firm Snowflake (NYSE: SNOW ) is on a long slide lower. Although it impressively beat analyst expectations by a wide margin, guidance indicated a coming slowdown and profits are still nowhere in sight.

Snowflake Alert: Time to Buy SNOW Stock After It's 46% Plunge?

The machine learning market is experiencing significant growth, offering promising investment opportunities that could benefit future generations. As of 2024, the market is projected to reach a size of $79.29 billion, with expectations to continue its rapid expansion due to technological advancements and increasing implementation across various industries​.

3 Machine Learning Stocks That Could Make Your Grandchildren Rich

Dell Technologies

Hewlett Packard

Lenovo Group Ltd

Simple, out-of-the box AI to run a business will be a moneymaker for software providers

Nvidia controls the AI universe now — but these tech giants will lead the next boom

Some cheap cloud stocks seem to have been glued to the sidelines amid the impressive rally in tech stocks. Undoubtedly, much of the focus seems to be on the “pick and shovels” types of plays right now, with the AI chip stocks stealing the show.

3 Ultra-Cheap Cloud Stocks to Watch in June

Snowflake's revenue pipeline is growing thanks to catalysts such as AI. Following this year's steep pullback, investors can buy the stock at a much cheaper valuation.

1 Magnificent Artificial Intelligence (AI) Growth Stock Down 48% to Buy Hand Over Fist Before It Starts Soaring

Snowflake Inc. stock has declined by 70% from its peak valuation of $420 due to the AI selloff and other factors. Snowflake has significant untapped AI potential, making it a possible buy opportunity with limited downside. Snowflake is cheaper than recently, with strong sales growth and profitability potential, making it a compelling investment at current levels.

News for Snowflake Stock (SNOW)