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Forbes Global 2000 Customers

Revenue segments as reported by the company.

Americas

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Asia-Pacific and Japan

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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.

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 Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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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.

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Equilar, a trailblazer in executive intelligence, is proud to introduce Equilar RainMaker, available on Snowflake Marketplace. Equilar RainMaker is an app native to the Snowflake Data Cloud that is designed to operationalize valuable customer relationship data and accelerate growth opportunities. Equilar RainMaker “solves the last mile” and addresses the top request of sales and go-to-market teams–warm connections to c-suite executives and decision-makers.

Equilar Launches RainMaker, a Snowflake Native App, in the Data Cloud

In the closing of the recent trading day, Snowflake Inc. (SNOW) stood at $188.12, denoting a +0.05% change from the preceding trading day.

Snowflake Inc. (SNOW) Advances While Market Declines: Some Information for Investors

Adobe

Applied Materials

Couchbase

Fiverr

Alphabet

MongoDB

Microsoft

NVIDIA

Taiwan Semiconductor Manufacturing

Large language models aka LLMs and generative AI aka GenAI are reshaping various industries and rewriting life as we know it. Monetization of GenAI has primarily focused on B2B revenue streams, but subscription-based models and the "GPT Store" show promise for individual users. Hardware and software design, AI workflow enhancers, and applied AI opportunities are key areas to watch in the GenAI space.

The AI Trends (And Hype) For The Coming Year

StoneCo

Snowflake will benefit as it plays a crucial role in enhancing AI.   StoneCo trades at a massive discount, even though the business has returned to posting excellent results.

2 Warren Buffett Growth Stocks Down 52% and 82% to Buy in 2024

Snowflake is helping its customers overcome key challenges in AI and data analytics. The software specialist has been expanding sales and margins at encouraging rates.

1 No-Brainer Warren Buffett Artificial Intelligence (AI) Growth Stock Still Down 51% to Buy Hand Over Fist in 2024

ASML Hld

Palantir Technologies

There are multiple ways to invest in AI. AI-related opportunities in both hardware and software promise upside potential for several stocks.

AI Cheat Sheet: Artificial Intelligence Stocks to Keep Your Eyes On in 2024

HubSpot

Tech stocks gained ground in 2023 after shaking off the bear market. History suggests the rally could have further to run.

The Nasdaq Will Likely Soar in 2024. 2 Tech Stocks to Buy Before It Does.

Snowflake stock has been on a roll as of late as optimism builds for 2024. Lots of new product announcements have bolstered the belief Snowflake can be a big beneficiary from AI.

Is Snowflake Stock a Top Buy for AI in 2024?

Snowflake is experiencing significant growth in customer acquisition and revenue, particularly in the lucrative top end of the enterprise market. The company generated its highest-ever quarterly revenue in Q3 2023, showing 32% YoY growth. Despite a declining net revenue retention rate, Snowflake is expected to deliver double-digit top line growth in FY 2024.

Snowflake: A Solid Cloud Growth Play For 2024 And Beyond

In the closing of the recent trading day, Snowflake Inc. (SNOW) stood at $195.62, denoting a -0.9% change from the preceding trading day.

Here's Why Snowflake Inc. (SNOW) Fell More Than Broader Market

Amazon

Cisco Systems

Palo Alto Networks

Cloud computing refers to all of the infrastructure required to store and host the internet and its websites including servers, data centers, storage, networking, and development tools located off premises. Individual users and institutional users alike utilize the cloud.

Cloud Kings: 7 Stocks Ruling the Digital Skies in 2024

Datadog

For years, big data has been quite the abstract theme for many investors who aren't well-versed in data science. Indeed, many investors may still misunderstand what firms within the big data space bring to the table.

Data Dynamos: 3 Stocks Driving the Big Data Revolution

CrowdStrike

Orsted AS

Intuitive Surgical

Lucid Group

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

Broadcom

Intel

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

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?

News for Snowflake Stock (SNOW)