In the midst of the AI bull run, various sympathy plays have emerged — primarily in the tech sector. Data cloud business Snowflake (NYSE: SNOW) is in such a position, but SNOW shares have lagged behind the wider market throughout most of 2024.Most notably, renowned billionaire investor Warren Buffett completely divested his stake in Q2 2024 — in spite of the fact that the average price target at the time saw a 50% upside for the stock.SNOW stock hasn’t managed to recoup all of its losses — yet. Snowflake sh ...

Snowflake Inc (NYSE:SNOW) stock is up 31.1% to trade at $169.31at last glance, on track for its best-ever single-day percentage gain after the software maker reported a third-quarter earnings beat o  20 cents per share and better-than-expected revenue of $942 million. In addition, the company anticipates $3.43 billion in fiscal 2025 product revenue, which is well above the $3.36 billion forecasted three months ago. Snowflake also added 369 customers to bring its total up to 10,618 at the end of October, whi ...

Snowflake is one of the fastest-growing tech stocks out there, but also very expensive.In this video, I will cover Snowflake's (SNOW 31.42%) third-quarter earnings, which were better than expected. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 20, 2024. The video was published on Nov. 20, 2024. ...

Key TakeawaysSnowflake shares were up over 20% in premarket trading Thursday after its third-quarter results beat estimates.Revenue rose year-over-year, while the company also reported better adjusted profits than expected.Aside from its earnings, Snowflake also announced an acquisition and a partnership with Amazon-backed Anthropic to bring its AI models to Snowflake products. Snowflake (SNOW) shares surged Thursday morning after the data software company reported better-than-expected results for the third ...

Snowflake (NYSE: SNOW ) share price has spiked by around 20% yesterday after hours as a result of a strong FQ3 2025 earnings release. Confident beat against consensus and guidance boost is not just a oneComing from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel very confident in my inv ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Key TakeawaysSnowflake shares popped 20% in extended trading Wednesday after the data analytics software maker reported better-than-expected earnings and boosted its revenue outlook. Between September and October, the stock carved out a double bottom, a classic chart pattern that indicates a bullish reversal.Investors should watch key overhead price levels on Snowflake's chart around $145, $165, $182, and $200, while monitoring an important support area near $125. Snowflake (SNOW) shares popped 20% in exten ...

Financial Data and Key Metrics Changes - Product revenue for Q3 was $900 million, representing a strong 29% year-on-year growth [11] - Remaining performance obligations totaled $5.7 billion, with year-over-year growth accelerating to 55% [12] - Non-GAAP operating margin improved to 6%, with non-GAAP product gross margin stabilizing at 76% [30] Business Line Data and Key Metrics Changes - Snowpark is on track to represent approximately 3% of product revenue, contributing positively to growth [28] - The core data warehousing business showed strong performance, with new product initiatives beginning to contribute to growth [28] Market Data and Key Metrics Changes - Net revenue retention rates stabilized at 127% [28] - The company signed $350 million-plus total contract value deals, indicating strong demand across various sectors [29] Company Strategy and Development Direction - The company is focused on operational efficiency and cost management while aggressively investing in innovation and go-to-market strategies [12][13] - The intended acquisition of Datavolo aims to enhance the company's capabilities in handling unstructured data and improve data engineering workflows [24][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive growth through product innovation and customer engagement, particularly in AI and data engineering [20][24] - The company anticipates continued strong performance in Q4, with expectations for product revenue between $906 million and $911 million, representing 23% year-over-year growth [33] Other Important Information - The company has $5 billion in cash and investments, with $2 billion remaining for stock repurchases and potential acquisitions [32][31] - The company is seeing strong momentum in international markets, particularly in Europe and Asia Pacific [78] Q&A Session Questions and Answers Question: What contributed to the strength in consumption revenue and bookings? - Management noted broad-based demand across customers, with specific contributions from Iceberg and Snowpark [39] Question: How is the company addressing competitive displacements? - Management highlighted ease of use and faster time to value as key factors driving competitive displacements [41] Question: What is the visibility on the ramp of new AI products like Cortex? - Management indicated that Cortex is in early stages but showing promise, with expectations for significant future contributions [48] Question: How does the company view the stability of the core business? - Management confirmed that the core business remains strong, with a stable net revenue retention rate and positive outlook for next year [59] Question: Can you elaborate on the acquisition of Datavolo? - The acquisition is seen as a strategic move to enhance data engineering capabilities and support unstructured data processing [64] Question: How is the company positioned in international markets? - Management expressed confidence in growth opportunities in Europe and Asia Pacific, with strong performance noted in Japan and Australia [78]

Snowflake Inc. (SNOW) reported $942.09 million in revenue for the quarter ended October 2024, representing a year-over-year increase of 28.3%. EPS of $0.20 for the same period compares to $0.25 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $898.77 million, representing a surprise of +4.82%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate being $0.15.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Snowflake Inc. (SNOW) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post earnings of $0.15 per share when it actually produced earnings of $0.18, delivering a surprise of 20%.Over the last four quarters, the company has ...