Cloud-based data storage company Snowflake Inc. (NYSE:SNOW) is set to report its third-quarter results on Wednesday. The market is already buzzing with some early clues regarding the quarter, following a slip-up by a senior executive at the company. Exec Leaks Financial ResultsOver a month ago, the company’s Chief Revenue Officer, Mike Gannon, inadvertently revealed its upcoming financial results during an interview with an influencer, known as “theschoolofhardknockz,” on Instagram and TikTok.Gannon said th ...

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Core Insights - ISG has initiated a research study to evaluate provider capabilities within the expanding Snowflake services ecosystem, focusing on modernization and AI-driven transformation [1][14] - The upcoming ISG Provider Lens report, titled "Snowflake Ecosystem Partners," is set to be published in June 2026 and will assess companies that provide Snowflake-focused modernization and AI/ML enablement services [2][4] Provider Evaluation - Enterprises are increasingly prioritizing providers that demonstrate automation maturity, FinOps discipline, and strong governance, utilizing Snowflake-native tools like Snowpark and Cortex AI for significant improvements in data management [2][5] - The study will feature two quadrants: 1. Modernization and AI/ML Enablement Services, focusing on providers that offer comprehensive strategy, advisory, and implementation support for Snowflake investments [7] 2. Managed Data and Optimization Services, assessing providers that specialize in managing and optimizing Snowflake environments across cloud platforms [7] Research Methodology - ISG has distributed surveys to over 100 Snowflake ecosystem partners to gather data for the report, which will help enterprise buyers evaluate their vendor relationships and potential new engagements [3][5] - The report will include geographic insights covering the global Snowflake ecosystem and the products and services available worldwide [6] Company Background - ISG is a global AI-centered technology research and advisory firm, serving over 900 clients, including 75 of the top 100 enterprises globally, and is recognized for its expertise in technology and business services [10]

Market Overview - U.S. stock futures rose on Tuesday after a decline on Monday, with major benchmark indices showing positive movement [1] - The month of December began with benchmark indices declining after a five-day winning streak [1] Economic Indicators - The 10-year Treasury bond yielded 4.09%, while the two-year bond was at 3.53% [3] - The CME Group's FedWatch tool indicates an 87.2% likelihood of the Federal Reserve cutting interest rates in December [3] Stock Performance - MongoDB Inc. (NASDAQ:MDB) surged 22.84% after reporting better-than-expected third-quarter results and raising FY26 guidance [5] - CrowdStrike Holdings Inc. (NASDAQ:CRWD) rose 1.08% with analysts expecting quarterly earnings of $0.94 per share on revenue of $1.21 billion [5] - American Eagle Outfitters Inc. (NYSE:AEO) increased by 1.36% ahead of its earnings report, with expectations of $0.43 per share on revenue of $1.32 billion [5] - Credo Technology Group Holding Ltd. (NASDAQ:CRDO) jumped 17.84% after reporting strong second-quarter results and issuing optimistic third-quarter sales guidance, estimating revenue between $335 million and $345 million [5] Sector Performance - Energy and information technology stocks closed higher, while utilities, industrials, and health care sectors led losses, with most S&P 500 sectors finishing negatively on Monday [7] - Last week, the Dow increased over 3%, the S&P 500 surged nearly 4%, and the Nasdaq Composite climbed more than 4% [7] Analyst Insights - LPL Research outlook suggests a resilient economic and market landscape for 2026, with expectations of double-digit earnings growth driven by capital spending on AI infrastructure [9] - The report indicates supportive monetary policy as the Federal Reserve normalizes rates, alongside fiscal stimulus from the "One Big Beautiful Bill Act (OBBBA)" [10] - Geopolitical developments are highlighted as a potential wildcard affecting supply chains and commodity fluctuations [11] Commodities and Global Markets - Crude oil futures traded lower by 0.15% to around $59.22 per barrel [15] - Gold Spot fell 0.98% to approximately $4,190.38 per ounce, with the last record high at $4,381.6 per ounce [15] - Bitcoin traded 0.13% higher at $86,865.48 per coin [15] International Markets - Asian markets closed higher on Tuesday, with notable gains in Japan's Nikkei 225, Hong Kong's Hang Seng, Australia's ASX 200, and South Korea's Kospi indices [16]

Group 1 - Rosenblatt raised the target price for Snowflake from $250 to $275 while maintaining a "Buy" rating [1] - JPMorgan also increased its target price for Snowflake Inc to $185 [1]

Core Insights - Khaveen Investments is a global investment advisory firm focused on serving high-net-worth individuals, corporations, associations, and institutions [1] - The firm is a registered investment adviser with the SEC and offers a range of services including market and security research, business valuation, and wealth management [1] - The flagship Macroquantamental Hedge Fund has a diversified portfolio with exposure to hundreds of investments across various asset classes, geographies, sectors, and industries [1] - The investment approach integrates top-down and bottom-up analysis, utilizing three core strategies: global macro, fundamental, and quantitative [1] - The firm's expertise is concentrated in disruptive technologies such as Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]

Core Insights - Khaveen Investments is a global investment advisory firm focused on serving high-net-worth individuals, corporations, associations, and institutions [1] - The firm is a registered investment adviser with the SEC and offers a range of services including market and security research, business valuation, and wealth management [1] - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio across various asset classes, geographies, sectors, and industries [1] - The investment approach integrates top-down and bottom-up analysis, utilizing global macro, fundamental, and quantitative strategies [1] - Core expertise lies in disruptive technologies such as Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]

Market Overview - The market is currently 0.6% away from all-time highs as December begins, with investor sentiment remaining in Extreme Fear according to the Blossom Fear and Greed Index, indicating a divergence between price strength and investor psychology [2][4]. Software Earnings - The software earnings season is underway, with major companies like CrowdStrike, SentinelOne, MongoDB, Snowflake, and UiPath set to report this week [5]. - Estimates suggest mid-to-high double-digit revenue growth for CrowdStrike and SentinelOne, while Snowflake is expected to show decelerating but still strong cloud data growth. MongoDB is anticipated to maintain momentum driven by its Atlas platform [6]. Cryptocurrency Market - The cryptocurrency market is showing signs of recovery, with Bitcoin bouncing back from lows around 80k and Ethereum holding near 2600. However, the overall trend remains fragile [7]. - A significant rally in the market would be incomplete without a strong performance from cryptocurrencies, which would need to reclaim major moving averages for Bitcoin and break its downtrend for Ethereum to confirm a bullish setup [10].

Core Insights - Snowflake (SNOW) is expected to report third-quarter fiscal 2026 results on December 3, with earnings estimated at 31 cents per share, reflecting a year-over-year growth of 55% and revenues projected at $1.18 billion, indicating a 25.39% increase from the previous year [1][5]. Group 1: Financial Performance Expectations - The consensus estimate for product revenues in Q3 fiscal 2026 is between $1.125 billion and $1.13 billion, representing a year-over-year growth of 25% to 26% [5][9]. - The Zacks Consensus Estimate for customers with trailing 12-month product revenues greater than $1 million is currently at 686, suggesting a 26.5% increase year-over-year [6]. Group 2: Customer Growth and Retention - Snowflake's net revenue retention rate stands at 125%, with a 19% year-over-year growth in the number of customers, reaching 12,062 [3]. - The company added 533 net new customers in Q2, marking a 21% increase year-over-year [4]. Group 3: AI and Technological Advancements - Snowflake has launched approximately 250 new capabilities in the first half of fiscal 2026, enhancing data management and AI-driven insights [14]. - Nearly 50% of new customer logos in Q2 were influenced by AI, with 25% of deployed use cases involving AI [16]. Group 4: Strategic Partnerships - Snowflake's strong partner base includes major companies like SAP, Microsoft, AWS, and NVIDIA, which has significantly contributed to its growth [18]. - The collaboration with NVIDIA enhances Snowflake's machine learning capabilities, allowing for improved data science workflows [19]. Group 5: Stock Performance and Valuation - Snowflake shares have appreciated 62.7% year-to-date, outperforming the Zacks Computer & Technology sector and the Zacks Internet Software industry [7]. - The stock is currently trading at a forward 12-month Price/Sales ratio of 15.6X, indicating a stretched valuation compared to the industry average of 4.87X [11].

We recently published 10 Best Strong Buy AI Stocks to Invest In.  Snowflake Inc. (NYSE:SNOW) is one of the best consumer cyclical stocks. Snowflake Inc. (NYSE:SNOW) is a data warehousing firm that plays a key role in the AI ecosystem. Its AI Data Cloud and Cortex AI enable customers to build and scale AI applications by relying on LLMs and other AI technologies, while its machine learning platform works with the machine learning AI subsegment. On November 25th, CNBC’s Scott Wapner reported that Loop Capi ...