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Forbes Global 2000 Customers

Revenue segments as reported by the company.

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EMEA

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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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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Year over year growth in Revenue and Operating Expenses.

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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.

Outstanding Shares

Market Cap

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

Revenue Multiple

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's excessive valuation and slowing growth have stunted shares for several years. AI potential could bring back accelerating revenue growth.

Forget Nvidia: This Young Artificial Intelligence (AI) Stock Is Set to Soar in 2024

Boeing

Cava Group, Inc.

Casella Waste Systems

Roblox

Reddit Inc

While it's unclear whether the current bull market has more runway, or is veering towards a correction, you may want to take action now and jettison overvalued stocks to sell from your portfolio. In fact, irrespective of whether the broad market surges, sinks or trades sideways from here over the next few months, individual overvalued stocks can still be at risk of experiencing severe price declines.

Maximize Gains: Sell These 7 Overvalued Stocks Before They Slide

Artificial intelligence (AI) is driving incredible gains in stocks like Nvidia, Microsoft, and Amazon. Cloud computing company Snowflake recently launched several AI products of its own, but those moves haven't helped its stock price.

1 Artificial Intelligence (AI) Stock Down 67% That Could Get Slashed In Half Again

Shopify

Tesla

Tesla's strong brand could make it a great option in the growing electric vehicle market. Snowflake's stock has been in a free fall this year, largely due to a change in CEO.

Got $5,000? These 3 Growth Stocks Are on Sale Right Now

BOSTON & TORONTO--(BUSINESS WIRE)-- #DataOptimization--Snowflake and Exchange Solutions joint customers can now integrate Exchange Solutions' loyalty services directly within their Snowflake environments.

Exchange Solutions Launches SaaS Loyalty and Personalized Offers on Snowflake AI Data Cloud

NVIDIA

Palantir Technologies

Unless you have been hiding under a rock for the past year, you are probably aware that artificial intelligence (AI) and machine-learning stocks have been leading the markets. Machine learning technology is advancing at a rapid pace.

Rag to Riches: 3 Machine Learning Stocks That Could Make Early Investors Rich

Snowflake beat expectations on both the top and bottom-line this quarter, as its core business remains very strong. The company raised its product revenue guidance for FY2025 and lowered margin guidance as a result of its investment into AI. The new CEO, Sridhar Ramaswamy, has prioritized customer engagement, execution, and product innovation, since taking over one quarter ago.

Snowflake: Acceleration In Product Innovation Brings The Company To The Forefront Of AI

For a long time Snowflake (NYSE: SNOW ), branded itself as a data cloud specialist. That's still true, but a new leader is pushing Snowflake in a different direction.

Put Out Your Hands and Catch Falling Snowflake Stock

Snowflake stock is down 30% this year already.

Is Snowflake Stock a Buy Right Now?

Adobe

MongoDB

Since OpenAI launched ChatGPT in November 2022, the AI thesis has lifted many technology stocks. However, software stocks have recently faced the perfect storm as investors price in the risk of AI disruption.

3 Cloud Computing Stocks to Buy Now: June 2024

Snowflake and Palantir are two of the leading software companies offering generative AI solutions to enterprises. Both companies have strong offerings - although most of what is being offered by Snowflake is just now generally available. Investors are very concerned about Snowflake's competitive positioning, particularly vis-à-vis Databricks, still a private company.

The AI Investment Race In Software: Snowflake Vs. Palantir

Snowflake shares are significantly underperforming in the market. The Company's key operating metrics are “best-in-class” but rapidly declining. Despite the stock's weak performance, shares remain overvalued.

Snowflake Is Giving Investors Cold Feet

ServiceNow

The rise of generative artificial intelligence (AI) is paving the way for a smarter future. Not only are workforces getting more efficient from an operational standpoint.

AI Ambassadors: 3 Stocks Paving the Way for a Smarter Future

DocuSign

Teladoc

Navigating the tech industry in the ever-changing world of investments demands a sharp eye for growth potential and resiliency. Picking tech stocks to buy that show steadiness and potential when the market fluctuates is critical.

3 Tech Stock Leaders Set to Profit After the Pullback

Snowflake Inc. is trading at -44.8% off year-to-date highs. Our assessment of Snowflake's prospects suggests that the company should further extend its market leadership over competitors due to its superior product ecosystem. Despite Snowflake's aggressive spending in recent quarters, its fundamentals remain healthy, and we estimate Snowflake will turn a profit within the next three years.

Snowflake: An Oversold And Underappreciated Growth Pick

Snowflake is assisting the development of generative artificial intelligence by democratizing data.

Snowflake Stock Analysis: Here's What Investors Should Know

With a new CEO, Snowflake aims to dominate the data market.

What's Going on With Snowflake Stock?

Zscaler

It wasn't too long ago that software stocks were more desirable than semiconductor stocks. With recurring revenue and near-unlimited scalability, software companies offering networking, cloud and data technology were synonymous with exponential growth potential.

3 Software Stocks Ready to Shine in Summer 2024

A year after his last stock sales, Michael Speiser just bought $10 million of shares of the data-warehousing software firm.

Former Snowflake CEO Switches to Buying Stock From Selling

Snowflake (NYSE: SNOW ) is currently dealing with a data breach issue, although an insider believes that now is the right time to buy SNOW stock. Yesterday, cybersecurity firm Mandiant released a report on the incident, adding that it had identified 165 organizations that were potentially exposed to the breach: “Mandiant's investigation has not found any evidence to suggest that unauthorized access to Snowflake customer accounts stemmed from a breach of Snowflake's enterprise environment.

Director Michael Speiser Bought $9.89 Million of SNOW Stock Amid Snowflake Data Breach

YieldMax SNOW Option Income Strategy ETF

CHICAGO, MILWAUKEE and NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- YieldMax™ announced the launch today of the following ETF: YieldMax™ SNOW Option Income Strategy ETF (NYSE Arca: SNOY) SNOY seeks to generate current income via a synthetic covered call strategy on Snowflake Inc. (SNOW). SNOY is actively managed by ZEGA Financial.

YieldMax™ Launches Option Income Strategy ETF on Snowflake (SNOW)

Snowflake's stock has fallen 34% year-to-date following the retirement of its ex-CEO and a slowdown in revenue growth. The company's new product roadmap and strategy, outlined in its Analyst Day presentation, indicate potential for increased data access per product module, leading to higher revenue generation. Despite commentary from Salesforce and MongoDB, Gartner still points to sustained spending in cloud software, indicating seasonality, which may have been priced in regarding Snowflake.

Snowflake 2024 Analyst Day Takeaways - It's All About The Revenue Per Query

Advanced Micro Devices

Canadian Pacific Kansas City Limited

Alphabet

Grab Holdings Ltd

Nu Holdings

Stock market investors who are bullish on U.S. interest rate cuts in 2024 can look to many factors to substantiate their hopes. As expected, the Federal Reserve did not cut rates at the most recent central bank meeting.

7 Stocks to Pick Up for the Upcoming Interest Rate Cuts

Snowflake (NYSE: SNOW ) is seeing shares decline amid a data-compromising controversy. Indeed, an unknown number of users may have been affected by the so-called Snowflake data breach, which appears to have stemmed from the use of single-factor authentication (SFA) as opposed to more rigorous multi-factor authentication (MFA).

Snowflake Data Breach: SNOW Stock Falls as More Details Emerge

Mandiant

Security researchers say they believe financially motivated cybercriminals have stolen a “significant volume of data” from hundreds of customers hosting their vast banks of data with cloud storage giant Snowflake.

News for Snowflake Stock (SNOW)