15-Nov-2024
Catalyst Watch: Nvidia earnings, Microsoft Ignite, crypto confidence, and P&G event
Seeking Alpha News (Fri, 15-Nov 3:00 PM ET)
Globe Newswire (Fri, 15-Nov 9:42 AM ET)
Palo Alto, Salesforce among stocks seeing price target raised at Mizuho ahead of earnings
Seeking Alpha News (Fri, 15-Nov 9:12 AM ET)
Evercore ISI Reaffirms Their Buy Rating on Snowflake (SNOW)
TipRanks (Fri, 15-Nov 8:27 AM ET)
New Buy Rating for Snowflake (SNOW), the Technology Giant
TipRanks (Fri, 15-Nov 7:05 AM ET)
TD Cowen Keeps Their Buy Rating on Snowflake (SNOW)
TipRanks (Thu, 14-Nov 7:36 AM ET)
Barclays Keeps Their Hold Rating on Snowflake (SNOW)
TipRanks (Thu, 14-Nov 4:51 AM ET)
Snowflake (SNOW) Receives a Buy from Stifel Nicolaus
TipRanks (Wed, 13-Nov 8:18 AM ET)
Snowflake Strengthens Leadership in Cross-Cloud Collaboration for Enterprise Data and AI
Business Wire (Tue, 12-Nov 9:20 AM ET)
Snowflake Expands Capabilities for Enterprises to Deliver Trustworthy AI into Production
Business Wire (Tue, 12-Nov 9:15 AM ET)
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
Snowflake Class A trades on the NYSE stock market under the symbol SNOW.
As of November 15, 2024, SNOW stock price declined to $125.96 with 5,154,214 million shares trading.
SNOW has a beta of 1.36, meaning it tends to be more sensitive to market movements. SNOW has a correlation of 0.15 to the broad based SPY ETF.
SNOW has a market cap of $42.20 billion. This is considered a Large Cap stock.
Last quarter Snowflake Class A reported $869 million in Revenue and $.18 earnings per share. This beat revenue expectation by $18 million and exceeded earnings estimates by $.02.
In the last 3 years, SNOW traded as high as $405.00 and as low as $107.13.
The top ETF exchange traded funds that SNOW belongs to (by Net Assets): VTI, VXF, VUG, VO, VGT.
SNOW has underperformed the market in the last year with a return of -22.7%, while the SPY ETF gained +31.8%. In the last 3 month period, SNOW fell short of the market, returning -0.9%, while SPY returned +6.2%. However, in the most recent 2 weeks SNOW has outperformed the stock market by returning +9.1%, while SPY returned +2.6%.
SNOW support price is $126.58 and resistance is $131.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SNOW shares will trade within this expected range on the day.