How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Similarly, Why is Snowflake so popular?
Why Snowflake is special
It serves a wide range of technology areas, including data integration, business intelligence, advanced analytics, and security & governance. It provides support for programming languages like Go, Java, . NET, Python, C, Node.
What does the company Snowflake make? The firm offers a cloud-based data storage and analytics service , generally termed « data warehouse-as-a-service ». It allows corporate users to store and analyze data using cloud-based hardware and software.
…
Snowflake Inc.
| Type | Public company |
|---|---|
| Website | snowflake.com |
| Footnotes / references |
Thereof, What is the company snowflake do?
Snowflake Services Partners provide our customers with trusted and validated experts and services around implementation, migration, data architecture and data pipeline design, BI integration, ETL/ELT integration, performance, running POCs, performance optimization, and training.
Why do snowflakes drop?
Shares of cloud-based data-software firm Snowflake are falling sharply. Snowflake stock was falling sharply after the cloud-based data-software company posted disappointing fiscal 2023 guidance that overshadowed strong results for the fiscal fourth quarter ended Jan. 31.
Is Snowflake owned by Amazon?
It runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019.
…
Snowflake Inc.
| Type | Public company |
|---|---|
| Revenue | US$1.219 billion (2022) |
| Net income | US$−680 million (2022) |
| Total assets | US$6.650 billion (2022) |
| Total equity | US$5.049 billion (2022) |
Is Snowflake cheaper than Redshift?
Snowflake vs Redshift: Costs
Both Snowflake ETL and Redshift ETL have very different pricing models. If you take a closer look, you’ll find that Redshift is less expensive when it comes to on-demand pricing. Both solutions provide 30% to 70% discounts for companies that choose to prepay.
Why is Snowflake better than competitors?
Snowflake enables faster data processing and efficient storage and offers a more flexible analytics solution than most competitors. Through strategic partnerships with industry leaders such as Trade Desk, Snowflake offers a comprehensive and secure data management solution.
Does Snowflake make money?
Similarly, Snowflake generated $375.5 million in revenues for the nine months ended on 31 October 2020. This revenue increased by $205.7 million over the $169.8 million the company made last year. Overall, the company increased its revenues for the three months by 119% over the previous year.
Who made money on Snowflake?
Four of them — Frank Slootman, Bob Muglia, Michael Scarpelli and Benoit Dageville — together own stakes worth $3.7 billion at the offering price. Only one of them, Dageville, was a founder. His stake is smaller than Slootman’s, who joined as chief executive officer from ServiceNow Inc. last year.
Who owns Snowflake stock?
Top 10 Owners of Snowflake Inc.
| Stockholder | Stake | Shares owned |
|---|---|---|
| Iconiq Capital LLC | 8.20% | 25,102,653 |
| Altimeter Capital Management LP | 5.55% | 17,001,796 |
| The Vanguard Group, Inc. | 4.95% | 15,147,939 |
| Morgan Stanley Investment Managem… | 4.59% | 14,066,364 |
How does Snowflake make money?
Snowflake’s Total Revenue, which includes its revenue from Professional Services grew from $97 million in FY’19 to about $265 in FY’20 and we expect it to grow 110% to about $557 million in FY’21. Now Snowflake is not only adding new customers at a rapid clip, but it is also better at monetizing its existing users.
What company owns Snowflake?
Who’s behind the company? The startup has roughly 2,000 employees, and it is run by Chief Executive Frank Slootman, a longtime software investor who previously served as CEO and chairman of ServiceNow Inc. that also had its successful IPO the year Snowflake was founded. Snowflake is backed by big-name investors.
Why is snowflake stock so low?
Snowflake’s stock dropped significantly in overnight trading after the cloud data specialist reported over 100 percent sales growth in its fourth fiscal quarter but lower-than-expected revenue guidance for its new fiscal year 2023.
What happens when a snowflake gets heavy?
These larger aggregates occur when temperatures are near freezing (32 degrees), which melts some of the snow crystals and causes them to become sticky. As the snow crystals fall, they collide with other snow crystals, causing them to grow in size and appear as larger snowflakes once they get closer to the ground.
Do big snowflakes mean storm ending?
They often indicate snow is close to mixing with and changing to sleet or rain. Answer has 8 votes. It seems that larger snowflakes are an indication of warmer air temperatures, which may or may not indicate the end of the current snowfall.
What is the future of Snowflake?
For the first quarter, Snowflake expects its product revenue to grow 79%-81% year over year. For fiscal 2023, it expects its product revenue to increase 65%-67%. Analysts expect its total revenue to increase 65% for the year, then grow another 57% in fiscal 2024.
Who invested in Snowflake?
Top 10 Owners of Snowflake Inc.
| Stockholder | Stake | Total change |
|---|---|---|
| The Vanguard Group, Inc. | 4.95% | +2.87% |
| Morgan Stanley Investment Managem… | 4.59% | +10.76% |
| BlackRock Fund Advisors | 2.23% | +10.20% |
| Capital Research & Management Co…. | 2.23% | +39.19% |
Who are snowflakes clients?
Snowflake’s customer base also spans several sectors and boasts big names, including Office Depot, McKesson, Nielsen, DoorDash, Instacart, and Rent the Runway. Capital One is Snowflake’s biggest customer, accounting for 11% of Snowflake’s revenue in the past fiscal year.
Is Snowflake competitor AWS?
Snowflake is among the biggest partner-competitors to AWS, but it’s far from alone. In recent years, AWS has also become more competitive with other customers and partners, such as Confluent, Algorithmia, MongoDB and Elastic.
Can Hadoop replace Snowflake?
As a replacement for an MPP database however, Hadoop falls well short of the required performance, query optimisation and low latency required, and the Snowflake data stands out as a better solution on the market today.
Who are snowflakes competitors?
Competitors and Alternatives to Snowflake
- Amazon Web Services (AWS)
- Microsoft.
- Google.
- Cloudera.
- Oracle.
- Teradata.
- IBM.
- Databricks.
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