In total, Snowflake has 4,990 customers, with 116 of those bringing in 12-month product revenue of more than $1 million each. With a strong bull case, Snowflake is demonstrating its potential to grow as a company and present a great long-term investment.
Similarly, Is snow a good stock?
In addition, SNOW stock holds an IBD Composite Rating of 31 out of a best possible 99, according to IBD Stock Checkup. IBD’s Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
Where will Snowflake be in 5 years? The sales number in five years would be about 760% (7.6 times) the present. The most optimistic view is that Snowflake retains its present 100% annual growth rate for a full five years. The five-year rate of sales growth would then be 3200% (32 times) the present.
Thereof, Is snow a buy or sell?
Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings.
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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% |
Is Snowflake a Fortune 500 company?
Snowflake has more than 5,900 customers1, including 241 of the Fortune 5002 and 488 of the Forbes Global 20003, and continues to grow rapidly.
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.
Is Snowflake A Buy Sell or Hold?
Snowflake has received a consensus rating of Buy. The company’s average rating score is 2.56, and is based on 17 buy ratings, 8 hold ratings, and 2 sell ratings.
Does Snowflake have a future?
Snowflake’s investor day presentation offers a rosy view of the future. It expects its product revenue to rise from $554 million in fiscal 2021 to $10 billion in fiscal 2029, which equals a CAGR of 43.6%.
Which is better Snowflake or Salesforce?
Salesforce scored higher in 7 areas: Overall Rating, Compensation & Benefits, Work-life balance, Senior Management, Culture & Values, CEO Approval and % Recommend to a friend. Snowflake scored higher in 1 area: Positive Business Outlook. Both tied in 1 area: Career Opportunities.
Is Snowflake market leader?
Forbes names Snowflake as a cloud technology innovator and market leader.
Who owns Snowflake?
Snowflake Inc.
| Type | Public company |
|---|---|
| Key people | Frank Slootman , Chairperson & CEO Benoit Dageville, President Thierry Cruanes, CTO |
| Services | Cloud Data Platform |
| Revenue | US$1.219 billion (2022) |
| Net income | US$−680 million (2022) |
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 |
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.
What companies use snowflakes?
Companies Currently Using Snowflake Data Warehouse
| Company Name | Website | Phone |
|---|---|---|
| AT&T | att.com | (210) 821-4105 |
| Cisco | cisco.com | (408) 526-4000 |
| Doordash | doordash.com | (855) 973-1040 |
| Citi | citi.com | (800) 285-3000 |
Who are snowflakes biggest clients?
Customers of Snowflake
| Customers | Employee Range | Country |
|---|---|---|
| Petroliam Nasional Berhad | 10k+ | Norway |
| Autodesk | 10k+ | United States |
| Nielsen | 10k+ | United States |
| GLOBALFOUNDRIES | 10k+ | United States |
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 Snowflake is down today?
What happened. Shares of Snowflake ( SNOW -7.36% ) plunged on Thursday after the data analytics company’s revenue forecast fell short of investors’ lofty expectations. By the close of trading, Snowflake’s stock price was down 15.6%.
Why is Snowflake stock dropping?
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 a good company to work for?
90% of employees at Snowflake Computing say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Source: Great Place to Work® 2021 Global Employee Engagement Study. Our customers would rate the service we deliver as « excellent. »
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