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Forbes Global 2000 Customers

Revenue segments as reported by the company.

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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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Earnings data Q1 2024

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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.

CrowdStrike

Orsted AS

Intuitive Surgical

Lucid Group

Palantir Technologies

PayPal

Artificial intelligence has become an invaluable ally for investors seeking an edge in data-driven markets. By rapidly analyzing vast amounts of information, AI helps investors identify promising opportunities others might overlook.

New AI System Says These 7 Stocks Will Dominate 2024

Advanced Micro Devices

Amazon

Broadcom

Intel

Microsoft

Nvidia (NASDAQ: NVDA ) was by far the best AI stock of 2023. 2023 is over, but it was the year that artificial intelligence took off.

The Top 7 AI Stocks (Not Named Nvidia) to Start 2024

Palantir offers investors excellent prospects at a reasonable price.  Snowflake is growing rapidly and accelerating the rise of high-performance AI technologies.

2 Magnificent Artificial Intelligence (AI) Growth Stocks Down More than 50% to Buy in 2024

Snowflake's stock is soaring amidst a tech sector melt-up: it is time for caution. The company has seen deceleration in revenue growth but is still expected to sustain >30% top line growth over the next 5 years. Snowflake has a net cash balance sheet and is generating non-GAAP profits.

Snowflake: Why It's Time For A Downgrade

The company is well-positioned in the cloud data warehousing market and has the potential for strong growth through at least 2028. I am bullish on the macro backdrop as Snowflake is poised to benefit from expanding IT budgets and improving CIO sentiment on falling interest rates. I calculate that SNOW shares may still offer about 24% upside to fundamentals.

Snowflake: I Expect The Stock To Be A Winner In 2024

Apple

Berkshire Hathaway's biggest AI position by far is Apple at 47% of its portfolio. Buffett is also positioned in Amazon, which looks poised to play a big role in AI.

Warren Buffett's Biggest AI Bets in 2024: 47.2% of Berkshire Hathaway's $358 Billion Stock Portfolio Is in These 3 Artificial Intelligence Stocks

American Airlines

Alaska Air Group

Arista Networks

Boeing

Fortinet

Eli Lilly

NVIDIA

Invesco QQQ

A rally of 1.43% on January 8 brought the broad index back above its 5-day and 10-day lines, as American Airlines Group Inc. NASDAQ: AAL, Arista Networks Inc. NYSE: ANET, Nvidia Corp. NASDAQ: NVDA, Advanced Micro Devices NASDAQ: AMD and Fortinet Inc. NASDAQ: FTNT led the market higher.

Where will S&P 500 go after new bullish levels?

Cloudflare

Tesla

Zscaler

As January 2024 is already underway, it is time to start planning investment strategies, taking a look at one's stock watchlist for the ongoing year, and refreshing it with those assets that have demonstrated strong fundamentals, bullish price action, and positive developments.

6 stocks that should be on your watchlist in 2024

Snowflake shows signs of breaking its trend of decelerating revenue growth, marking a potential turning point with stabilization in fiscal Q4 2024. The shift in sentiment from bearish to bullish is fueled by expectations that Snowflake can achieve a consistent 30% or higher Compound Annual Growth Rate (CAGR) in the calendar year 2024. Overall, Snowflake is now a solid choice for investors.

Snowflake's Turning The Tide: Reversal From Bearish To Bullish

Snowflake's stock has experienced a pullback, but its attractive growth rate makes it a buy. There may be further downside risk in the short term, but the long-term outlook remains bullish. SNOW continues to add large customers, and its profitability is improving, making it an appealing investment.

Snowflake: Rapidly Improving Margins Fuel Upside Potential

Oracle

Growing demand for AI systems could create powerful tailwinds for Snowflake, and the stock has big upside potential.  Oracle is seeing soaring demand for its cloud infrastructure services.

A Bull Market Is Coming: 2 AI Stocks Down 19% and 54% to Buy Right Now

Snowflake is primed to benefit from the rising effectiveness of artificial intelligence.

Where Will Snowflake's Stock Price Be in 2024?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Is It Worth Investing in Snowflake Inc. (SNOW) Based on Wall Street's Bullish Views?

Snowflake stock rallied more than 40% in the last two months of 2023 Monness Crespi Hardt analyst Brian White downgraded shares of the software company to Sell from Neutral.

Snowflake Stock Just Soared. Why One Analyst Thinks It's Time to Sell.

SNOW stock jumped 38% in 2023 as large U.S. companies like Disney Parks turned to Snowflake to modernize their big data strategy.

How Gen AI Could Drive Demand For Snowflake's Data Management Software

Adobe

Wall Street's second day of 2024 is starting like the bumpy first day, as stock index futures drop, led by technology stocks.

Beware as Nvidia and other stocks approach ‘trough of disillusionment' over GenAI, warns this analyst

An analyst's ratings downgrade for Apple stock spurred sell-offs for Snowflake and other tech companies. Escalations in the semiconductor-tech war between the U.S. and China also triggered valuation pullbacks.

Snowflake Stock Fell Today -- Is It a Buy for 2024?

Salesforce

ServiceNow

Snowflake's prowess in handling unstructured data has proven to be a major strength. Product momentum and a partnership with AWS are key growth drivers for Salesforce.

3 Magnificent Growth Stocks to Buy Right Now and Hold in 2024 and Beyond

Despite promising product launches, Snowflake shares continued to underperform major cloud peers during 2023. 2024 could be a make-or-break year for the company, where it turns out whether it can restore its former glory. After taking a deeper dive into fundamentals, I believe there is a real possibility for the latter.

Snowflake: Uncovering The Upside Potential From The Make-Or-Break Year(s) Ahead

Shopify

The value a company creates for shareholders is ultimately contingent upon its ability to grow sales. Mounting interest in artificial intelligence should be a significant tailwind for Snowflake in 2024.

2 Monster Growth Stocks That Could Increase Sales 693% and 909% in 10 Years, According to Certain Wall Street Analysts

Alphabet

Taiwan Semiconductor Manufacturing

2024 is shaping up to be very similar to 2023 for artificial intelligence. Overall, enterprises continue to be very optimistic about the potential of AI, in particular generative AI.

Why These 7 AI Stocks Should Be on Your Radar in 2024

A wide range of tech stocks received a much-needed boost from artificial intelligence (AI) after an awful 2022. As we enter a new year, we could see lower rates and more powerful generative AI technologies.

3 Stocks Best Positioned to Profit from the AI Arms Race in 2024

Okta

Adobe sees strong growth for its Document and Experience Cloud software and looks well positioned to continue growing its top and bottom lines. Okta is an identity management company with plans to land and expand its use cases to grow its top line further.

3 Top Tech Stocks That Could Help Make You Richer by Retirement

For Snowflake, more usage means more revenue, a factor that bodes well for investors. Despite continuing losses, the company is cash-flow positive.

Will Snowflake Be a Trillion-Dollar Stock by 2035?

The AI revolution has just started and is powering the growth of several high-quality stocks. Tech powerhouse Microsoft sees its Azure cloud computing business as a key growth catalyst.

News for Snowflake Stock (SNOW)