28-Jun-2024
Catalyst Watch: Tesla deliveries, Constellation Brands earnings, and the June Jobs Report
Seeking Alpha News (Fri, 28-Jun 3:00 PM ET)
New Buy Rating for Snowflake (SNOW), the Technology Giant
TipRanks (Fri, 28-Jun 7:45 AM ET)
Nvidia, Microsoft emerge as leaders in enterprise AI adoption: survey
Seeking Alpha News (Tue, 25-Jun 3:55 PM ET)
SNOW Bearish Calendar Put Spread with 387% Upside
Market Chameleon (Mon, 10-Jun 11:11 AM ET)
SNOW Bearish Calendar Put Spread with 252% Upside
Market Chameleon (Fri, 7-Jun 9:52 AM ET)
SNOW Bearish Calendar Put Spread with 375% Upside
Market Chameleon (Thu, 6-Jun 10:48 AM ET)
Global Artificial Intelligence (AI) Infrastructure Anticipated to Reach Around $420 Billion By 2033
Globe Newswire (Wed, 5-Jun 8:45 AM ET)
Business Wire (Tue, 4-Jun 12:10 PM ET)
Business Wire (Tue, 4-Jun 12:05 PM ET)
Snowflake Furthers Leadership as the Best Data Foundation for Enterprises
Business Wire (Tue, 4-Jun 12:00 PM 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 June 28, 2024, SNOW stock price climbed to $135.09 with 7,578,384 million shares trading.
SNOW has a beta of 1.57, meaning it tends to be more sensitive to market movements. SNOW has a correlation of 0.20 to the broad based SPY ETF.
SNOW has a market cap of $45.26 billion. This is considered a Large Cap stock.
Last quarter Snowflake Class A reported $829 million in Revenue and $.14 earnings per share. This beat revenue expectation by $43 million and missed earnings estimates by -$.04.
In the last 3 years, SNOW stock traded as high as $405.00 and as low as $110.27.
The top ETF exchange traded funds that SNOW belongs to (by Net Assets): VTI, VXF, VUG, VGT, FDN.
SNOW has underperformed the market in the last year with a return of -26.5%, while the SPY ETF gained +26.3%. In the last 3 month period, SNOW fell short of the market, returning -16.4%, while SPY returned +4.4%. However, in the most recent 2 weeks SNOW has outperformed the stock market by returning +6.2%, while SPY returned +0.6%.
SNOW support price is $130.48 and resistance is $137.36 (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 stock will trade within this expected range on the day.