Snowflake Inc. is estimated to report earnings on 05/25/2022. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates.
Similarly, What revenue do snowflakes make?
Snowflake shares dropped as much as 30% in extended trading on Wednesday after the data-analytics software company reported the slowest revenue growth since at least 2019. Here’s how the company did: Earnings: Loss of 43 cents, adjusted. Revenue: $383.8 million, vs.
Is Snowflake a good buy? Key Points. Snowflake has been one of Wall Street’s most expensive stocks over the past two years. The stock is sagging on disappointing revenue guidance. Yet, the company is still poised to be an excellent, long-term investment.
Thereof, Is Snowflake losing money?
Snowflake SNOW, -7.36% reported fourth-quarter losses of $132.2 million, or 43 cents a share, on sales of $383.8 million, after losing 70 cents a share on revenue of $190 million a year ago.
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.
What to expect from Snow earnings?
This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +113.6%. Revenues are expected to be $371.27 million, up 94.9% from the year-ago quarter.
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%.
Is Snowflake a good long term investment?
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.
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.
Why is Snowflake down so much?
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.
Why is Snowflake stock dropping today?
Shares of Snowflake ( SNOW 2.48% ) 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%.
What is Snowflake do?
Developed in 2012, Snowflake is a fully managed SaaS (software as a service) that provides a single platform for data warehousing, data lakes, data engineering, data science, data application development, and secure sharing and consumption of real-time / shared data.
Where will Snowflake be in 10 years?
Over the next 10 years, analysts expect SNOW to sustain rapid growth, averaging 38% compounded revenue growth until 2031. By then, analysts expect SNOW to be earning a 30% net income margin, which looks reasonable assuming gross margins continue to expand.
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 easy to learn?
Snowflake has been gaining rapidly in popularity in recent years, and it’s easy to see why. It’s fast, scalable, accessible, secure, and cost-effective. Once you’ve had a taste of what Snowflake brings, it’s difficult to go back to the traditional way of doing data warehousing.
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.
Is Snowflake a CRM?
As the #1 CRM and Data Cloud respectively, Salesforce and Snowflake deliver the best-of-breed solution for you to unify, analyze and act on your data. With native integrations between our technologies, you get unparalleled scale and access to data, and you can power your business transformation with data.
Are Snowflake and Salesforce competitors?
However, Snowflake also faces more competition than Salesforce — especially from similar data warehousing solutions from Amazon Web Services (AWS) and Microsoft’s Azure. Salesforce leads the cloud CRM market by a wide margin, and it can leverage that dominance to expand its other cloud services.
Is snowflake like Salesforce?
Snowflake and Salesforce both provide cloud-based SaaS (software as a service) solutions for enterprise customers. Snowflake’s platform gathers and analyzes data across a company’s various computing platforms, and centralizes the results, which can then be fed to a data visualization platform like Salesforce’s Tableau.
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.
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 |
Is Snowflake better than AWS?
AWS Redshift vs Snowflake: A quick comparison
Snowflake implements instantaneous auto-scaling while Redshift requires addition/removal of nodes for scaling. Snowflake supports fewer data customization choices, where Redshift supports data flexibility through features like partitioning and distribution.
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 |
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