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Snowflake Q3: Sustainable Valuation And Strong Management (Rating Upgrade)
Seeking Alpha· 2024-11-21 22:13
Since my first Hold rating on Snowflake Inc. (NYSE: SNOW ) in April, the stock has only achieved an 8.5% return. However, since my August Hold rating (where I noticed its more reasonableOliver Rodzianko is an investment analyst specializing in the technology sector, grounded in timeless value principles. His expertise spans AI, semiconductors, software, and renewable energy, with a focus on companies that demonstrate resilient management and lasting competitive advantages. A trusted voice in financial analy ...
Here's Why Snowflake Stock Skyrocketed Today
The Motley Fool· 2024-11-21 18:35
Shares of data company Snowflake (SNOW 34.29%) skyrocketed on Thursday after investors were pleasantly surprised with the financial results it reported for its fiscal third quarter of 2025. As of 12:40 p.m. ET, Snowflake stock was up 34%.Snowflake's adoption is growingI believe that investors are looking at Snowflake's business trends more than its headline numbers today. The company had some big customer wins during Q3, which was an encouraging sign. Like most enterprise software companies, its customers s ...
Snowflake Q3 Earnings Beat Estimates, Revenues Rise Y/Y, Stock Up
ZACKS· 2024-11-21 17:26
Snowflake (SNOW) reported third-quarter fiscal 2025 non-GAAP earnings of 20 cents per share, beating the Zacks Consensus Estimate by 33.33%. The figure declined 20% year over year.SNOW’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average earnings surprise being 35.39%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $942.1 million beat the consensus mark by 4.82% and jumped 28.3% year over year. Americas, Europe, M ...
Why Snowflake stock is surging
Finbold· 2024-11-21 15:20
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 Stock Eyes Best Day Ever After Earnings
Schaeffers Investment Research· 2024-11-21 15:13
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 Stock Is Soaring After Earnings. This Is Why Investors Should Get Excited.
The Motley Fool· 2024-11-21 15:08
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. ...
Snowflake Stock Surges as Revenue, Adjusted Profits Surpass Estimates
Investopedia· 2024-11-21 13:50
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's Q3 Performance Is Just The Tip Of The Iceberg
Seeking Alpha· 2024-11-21 13:30
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 ...
Snowflake's third-quarter results stir AI data company's shares into life
Proactiveinvestors NA· 2024-11-21 11:19
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 ...
Snowflake Price Levels to Watch as Stock Pops 20% on Strong Earnings, Outlook
Investopedia· 2024-11-21 04:00
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 ...