Snowflake Inc. (SNOW)
Snowflake Inc. (SNOW) Management presents at Goldman Sachs Communacopia + Technology Conference (Transcript)
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.
Why Snowflake Stock Dropped 12% Last Month
Snowflake is making expensive investments in AI. The business is still growing at an impressive rate and its valuation has never been cheaper.
Snowflake Stock Investors: Here's What You Need to Know
Snowflake is working to increase its capabilities in data management for enterprises and institutions alike.
Snowflake Inc. (SNOW) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Snowflake (SNOW). This makes it worthwhile to examine what the stock has in store.
Better AI Stock: SoundHound AI vs. Snowflake
SoundHound AI expects its growth to accelerate again. Snowflake's growth is cooling off as it faces an uncertain future.
Snowflake: It Is Not The End
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.
Is Snowflake Stock a Buy Now?
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.
Why Snowflake Is Not A Falling Knife
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.
Has Snowflake's Stock Reached a Bottom?
Snowflake's stock recently hit new 52-week lows. The departure of its CEO earlier this year and a data breach have made this an awful stock to own in 2024.
Here's How Much Snowflake Spent on Research and Development Last Quarter
Snowflake's Data Cloud is a revolutionary data unification and analytics platform. The company is now focusing on developing AI products, and it's spending heavily on R&D.
Snowflake's Risk/Reward Profile Is Too Good To Miss
While many stocks are back at or close to their all-time highs, some, like Snowflake Inc. NYSE: SNOW, remain a long way away. The data storage giant is one of those tech companies that IPO'd during the pandemic when rates were super low and skyrocketed immediately.
Snowflake: Peak Pessimism
The streak of negative news continued at Snowflake after the company reported somewhat softer-than-expected FY25 Q2 results. The bear thesis centered around increasing competitive threats, decreasing margins, slowing revenue growth, rich valuation, and high stock-based compensation gained significant traction recently. I believe investors became overly pessimistic towards the company, disregarding its strong growth prospects and placing too much emphasis on not well-supported threats.
