In the latest market close, Snowflake Inc. (SNOW) reached $129.57, with a +0.44% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.12%, and the technology-dominated Nasdaq saw an increase of 0.07%.The company's shares have seen a decrease of 4.51% over the last month, surpassing the Computer and Technology sector's loss of 4.62% and falling behind the S&P 500's loss of 0.21%.Market participants will be closely following th ...

In the latest market close, Snowflake Inc. (SNOW) reached $132.60, with a +1.11% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 0.16%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.06%.The company's stock has climbed by 5.09% in the past month, exceeding the Computer and Technology sector's gain of 0.47% and the S&P 500's gain of 1.96%.The upcoming earnings release of Snowflake Inc. will be of great interest to investors. In th ...

Shares of this cloud-native enterprise data storage and management platform can soar much higher in the long run.Shares of cloud-native data warehouse specialist Snowflake (SNOW 0.01%) have tanked nearly 32% in 2024 and almost 43% from their 52-week high in February 2024.Snowflake surpassed consensus revenue estimates but missed earnings estimates in the first quarter of fiscal 2025 (ending April 30, 2024). Snowflake's first-quarter net revenue retention rate of 128% was also lower than 131% in the fourth q ...

SAN FRANCISCO, July 16, 2024 (GLOBE NEWSWIRE) -- Normalyze, the pioneer of Data Security Posture Management (DSPM), today announced the launch of its new Snowflake Native App, Normalyze DSPM, on the Snowflake Marketplace. This launch marks a significant step in the strategic partnership with Snowflake, the AI Data Cloud company, designed to enhance organizations' data access security. Normalyze DSPM, Powered by Snowflake, helps address critical challenges that many organizations face in securing their data ...

Core Insights - Snowflake has faced significant challenges following the sudden retirement of former CEO Frank Slootman, leading to a sharp decline in stock price from $230 to approximately $136 [1] - The company is currently under scrutiny due to a major hack that affected AT&T and other clients, raising concerns about its security measures and customer trust [2] - The transition in leadership was framed as a move towards AI, but Slootman's departure has raised questions about the company's direction and stability [3][4] Company Performance - Snowflake's market capitalization is around 15 times its expected sales of $3 billion, indicating a potentially overvalued stock despite the recent price drop [1] - The company has been criticized for its delayed implementation of two-factor authentication, which only began this month, highlighting vulnerabilities in its security protocols [2][5] Leadership and Strategy - Frank Slootman, known for his confrontational leadership style and previous successes in tech, was seen as a key figure in Snowflake's growth and public offering [3] - The narrative surrounding Slootman's exit suggests a possible preemptive move to distance the company from impending negative news related to security breaches [4] Market Context - The competitive landscape includes major players like Amazon and Microsoft, which puts additional pressure on Snowflake as it navigates these challenges [1][5] - Concerns are growing in the industry regarding the effectiveness of generative AI, with analysts questioning the return on investment in this area, which could impact Snowflake's future growth prospects [4]

Will Snowflake continue to struggle, or is it on the road to recovery?Investors can be forgiven for not knowing what to make of Snowflake (SNOW -1.50%). The stock fell over the last year as several issues came to light.It dropped from its 52-week high following the sudden resignation of CEO Frank Slootman, its longtime leader. He was replaced by Sridhar Ramaswamy, who came to Snowflake last year when it acquired internet search company Neeva, the enterprise he founded. Additionally, growth rates slowed, and ...

Sridhar Ramaswamy, CEO of Snowflake and formerly co-founder and CEO of startup Neeva, speaks at the Collision conference in Toronto on June 21, 2022.Snowflake has spent the past seven weeks dealing with the fallout of a major cyberattack that compromised sensitive customer data at a number of its clients. The software company's problems just got a whole lot worse. Telecom giant AT&T said in a regulatory filing on Friday that hackers tapped into a cloud platform housing customer data, gaining access to recor ...

The interconnected global operating landscape has never held more opportunity for businesses. Or more threats.Gaining a deeper understanding of the threat landscape and the top tactics, techniques and procedures (TTPs) of ransomware gangs is increasingly crucial for firms.News broke Friday (July 12) that a fraudster “unlawfully accessed and copied AT&T call logs” impacting “nearly all of AT&T’s wireless customers and customers of mobile virtual network operators … using AT&T’s wireless network.”AT&T counts ...

Loading...Loading...U.S. stock futures were mixed this morning, with the Dow futures gaining around 10 points on Friday.Shares of Wells Fargo & Company WFC fell sharply in today's pre-market trading after the company posted second-quarter results.Wells Fargo earned a net income of $4.91 billion, down 1% year over year in the second quarter of 2024. The company reported a GAAP EPS of $1.33, beating the consensus of $1.29. Revenue rose 1% to $20.69 billion, according to data from Benzinga Pro.Wells Fargo shar ...

inho Lee/iStock via Getty ImagesIntroduction and Investment thesis I’ve been bullish on Snowflake (NYSE:SNOW) shares since the middle of last year, when consumption trends started to stabilize, and the company began to position itself for the AI era. My thesis seemed to work out well until the company announced the replacement of former renowned CEO, Frank Slootman, and provided a disappointing guidance for FY25 at the end of February. Since then, shares underperformed the S&P500 by a very wide margin, ...