SNOW - Snowflake Inc.
Pre-market:
| Previous close | 165.36 |
| Open | 160.37 |
| Bid | 171.01 x 1000 |
| Ask | 171.50 x 1400 |
| Day's range | 160.00 - 169.46 |
| 52-week range | 110.26 - 205.66 |
| Volume | |
| Avg. volume | 5,856,526 |
| Market cap | 54.519B |
| Beta (5Y monthly) | 0.74 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -2.69 |
| Earnings date | 22 Aug 2023 - 28 Aug 2023 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 182.72 |
Motley Fool2 Big Red Flags for Snowflake Investors
Investors are trying to weigh the company's rapid growth with the fact that those high growth rates are quickly decelerating. Here's a closer look at Snowflake's business, its growth, and why investors may want to tread carefully when it comes to the company's highly valued stock. In short, there are two big concerns that Snowflake investors should take seriously: the degree to which Snowflake's growth rate is decelerating and management's recent move to significantly lower its full-year revenue guidance.
ZacksInvestors Heavily Search Snowflake Inc. (SNOW): Here is What You Need to Know
Snowflake Inc. (SNOW) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Motley FoolDoes Amazon Hold the Secret to Snowflake's Success?
Fool.com contributor and finance professor Parkev Tatevosian elaborates on how Amazon (NASDAQ: AMZN) and Snowflake (NYSE: SNOW) have prospects that are correlated. *Stock prices used were the afternoon prices of May 29, 2023.
Motley FoolShould You Buy the Dip on Snowflake Stock?
After reaching hilariously high valuation levels of 180 times sales, the stock price abruptly came down and now sits around $150, well below its debut price of about $245. Furthermore, storing this information is also easier, as a massive data center can hold more information than a personal computer.
Motley FoolBetter Buy: Snowflake vs. Cloudflare
Snowflake (NYSE: SNOW) and Cloudflare (NYSE: NET) are both hypergrowth tech stocks that reached their all-time highs in November 2021. The bulls retreated from both hot stocks as their growth cooled off, the macro headwinds intensified, and rising interest rates popped their bubbly valuations. Snowflake and Cloudflare both provide cloud-based services, but they serve completely different markets.
Motley FoolWhere Will Snowflake's Stock Price Be in 1 Year?
Fool.com contributor and finance professor Parkev Tatevosian evaluates Snowflake's (NYSE: SNOW) prospects over the next year. *Stock prices used were the afternoon prices of May 29, 2023. The video was published on May 31, 2023.
Motley FoolSnowflake Stock Has Crashed. Here's Why That's a Good Thing.
The cloud specialist is down following weak guidance, but investors shouldn't discount its long-term prospects.
Motley FoolSnowflake Stock Is Melting. Should Investors Buy It While It's Down?
The company reshapes the way businesses use data and develop applications, and it's currently breaking new ground in the artificial intelligence (AI) arena. Snowflake stock went public in 2020 with an impressive list of investors, including Berkshire Hathaway, the conglomerate run by Warren Buffett. Investors seem to be concerned about slowing revenue growth, which could get worse given management just reduced its guidance for the full fiscal 2024 year (ending Jan. 31, 2024).
Motley FoolSnowflake's Management Lowers Its Expectations as Growth Cools. Is It Time to Sell the Stock?
Well, Snowflake's management just lowered its revenue growth guidance and expects the company to grow at its slowest pace ever. However, management's guidance also implies about 28% to 29% year-over-year revenue growth in just the second half of fiscal 2024.
Motley Fool2 Warren Buffett AI Stocks to Buy Right Now
Berkshire Hathaway CEO Warren Buffett might not be the first name you think of when it comes to cutting edge artificial-intelligence (AI) investments. If you're interested in owning AI stocks that have the Berkshire Hathaway seal of approval, read on to see why two Motley Fool contributors believe investing in Snowflake (NYSE: SNOW) and Apple (NASDAQ: AAPL) would be smart moves. Keith Noonan: Snowflake is a provider of big-data analytics tools that have been built from the ground up to power the evolution of machine-learning and AI applications.
Motley FoolSnowflake Stock Plunged After Earnings. Why Investors Should Buy Anyway.
Hence, investors may want to treat it as an opportunity to add shares in the software-as-a service (SaaS) stock. However, Snowflake's data cloud is arguably best suited for storing and applying data, and with the rising dependence on AI, this SaaS product has become more critical.
Motley FoolSnowflake Stock: Bear vs. Bull
Snowflake's (NYSE: SNOW) stock plunged 17% on May 25 after the cloud-based data warehousing company posted its latest earnings report. For the first quarter of fiscal 2024, which ended on April 30, its revenue rose 48% year over year to $624 million and exceeded analysts' expectations by $15 million.
Motley FoolShould Investors Buy the Dip in Snowflake Stock?
Snowflake (NYSE: SNOW) downgraded estimates of revenue and profit for the rest of the year as clients tightened budgets. Fool.com contributor and finance professor Parkev Tatevosian discusses whether that's a buying opportunity for Snowflake stock investors.
Motley FoolSnowflake Down 15%: Is It Time to Buy?
The data cloud provider reported a 50% year-over-year increase in revenue for the first quarter of fiscal 2024, which shows a significant slowing in the company's top-line growth. Snowflake's revenue growth is continuing to decelerate as companies tighten their spending on cloud services, and management expects these trends to continue through 2023. Management was upfront on the earnings call, explaining that the near-term demand for the data cloud platform is weakening.
Motley FoolSnowflake Is Still Priced for Perfection
The data warehousing specialist had long been among the fastest growers in cloud computing, but its first-quarter earnings report shows that it can't escape the broader challenges in the sector. Snowflake offered disappointing guidance in its first-quarter earnings report, sending the stock down 17% on the news as the company forecast a significant decline in revenue growth over the remainder of the year. Product revenue in the first quarter grew 50% to $590.1 million, and overall revenue rose 48% to $623.6 million, which topped estimates at $608.4 million.
Motley FoolWhy Snowflake Stock Was Melting Fast This Week
Dispiriting guidance and bearish analyst changes pushed the company's share price down over the past few trading days.
Motley FoolSnowflake Stock Just Plummeted. Time to Buy?
Growth is slowing. But that doesn't mean the data cloud specialist's growth rates aren't still high.
- Investing.com
4 big analyst cuts: Snowflake downgraded twice on guidance miss
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades for Snowflake, MongoDB , Digital Turbine, and Annexon. Snowflake (NYSE:SNOW) was downgraded at two Wall Street firms after reporting its Q1 earnings, resulting in a share price drop of more than 16% yesterday, as InvestingPro reported in real-time. While Q1 results came in better than expected, the company’s outlook disappointed investors.
BloombergSnowflake Plunges by Most Ever as Cloud Spending Wobbles
(Bloomberg) -- Snowflake Inc.’s stock had its worst day ever after the company gave a quarterly sales outlook that fell short of expectations, suggesting that customers have continued trimming their spending for cloud software amid uncertain economic conditions. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the
Motley FoolBest Stocks to Buy Now: Is Snowflake Stock a Buy After Earnings?
Snowflake (NYSE: SNOW) dropped over 15% after its recent earnings report, and the stock is down over 60% from its all-time highs and over 38% since its first day of trading after its IPO in September of 2020.
ZacksSnowflake (SNOW) Q1 Earnings Top Estimates, Revenues Rise Y/Y
Snowflake's (SNOW) first-quarter fiscal 2024 results reflect growth in product revenues and customer-base expansion amid higher expenses.
Motley FoolSnowflake's AI Pivot: What It Means for Your Portfolio
The company also took this opportunity to go all-in on artificial intelligence (AI). In a digital nutshell, Snowflake is doing business as usual despite a challenging economy, and the company is making a sharp turn into an explosive AI opportunity. As usual (more on the repeatable trend in a moment), Snowflake delivered financial results above the top end of management's guidance.
Motley FoolHere's Why Snowflake Stock Sank Like a Rock Today
Shares of cloud-based data software company Snowflake (NYSE: SNOW) sank on Thursday after the company announced financial results for the fiscal first quarter of 2024 and lowered its forward guidance. In Q1, which ended in April, Snowflake generated product revenue of $590 million, up 50% year over year. In light of April's slowdown, Snowflake's management lowered its full-year revenue guidance.
Yahoo Finance VideoSnowflake stock falls despite earnings beat
The Yahoo Finance Live team reports on the decline of Snowflake shares on cloud demand warnings and the company's full-year outlook amid the economic slowdown.
- Investing.com
Nvidia and Best Buy rise premarket; Dollar Tree and Snowflake fall
Investing.com -- Stocks in focus in premarket trade on Thursday, May 25th. Please refresh for updates.
