Snowflake embodied the stock market bubble of 2020-2021. The company has stellar growth opportunities and a valuation that's finally reasonable.
Zacks.com users have recently been watching Snowflake (SNOW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Snowflake is done buying GPUs until revenue materializes, which is a show to the artificial intelligence growth story.
SNOW's near-term prospects suffer from stiff competition and growing GPU-related costs despite an expanding portfolio and strong partner base.
Snowflake Inc. (NYSE:SNOW ) Goldman Sachs Communacopia + Technology Conference September 12, 2024 ET Company Participants Mike Scarpelli - CFO Conference Call Participants Kash Rangan - Goldman Sachs Kash Rangan If we have such a large gathering on the last day of a four-day conference, it has to be the company. Mike Scarpelli I don't know, but I think it's you, Kash, that they all want to see.
Snowflake is making expensive investments in AI. The business is still growing at an impressive rate and its valuation has never been cheaper.
Snowflake is working to increase its capabilities in data management for enterprises and institutions alike.
Recently, Zacks.com users have been paying close attention to Snowflake (SNOW). This makes it worthwhile to examine what the stock has in store.
SoundHound AI expects its growth to accelerate again. Snowflake's growth is cooling off as it faces an uncertain future.
Snowflake reported strong FY2Q25 results, raising revenue guidance for FY2025 while maintaining profitability guidance. The growth in high quality customers, two nine-figure deals achieved this quarter, and commentary about signs of a stable optimization environment point to strong execution by the go-to-market team. Management does not expect any impact from the cybersecurity incident and has taken a more proactive approach to discuss security issues with customers.
Snowflake reported better-than-expected results last week, but guidance was in line with the market's outlook. The stock sank sharply in the wake of that report.
Snowflake's stock plummeted 15% post-2Q24 earnings, breaking key support levels, yet it remains a strong rebound investment in the SaaS market. Despite high stock-based compensation expenses affecting GAAP profitability, Snowflake enjoys robust sales growth and positive operating margins. The company reported better-than-expected 2Q24 earnings, with non-GAAP profits of $0.18 per share and a solid sales forecast for the year.