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Why Snowflake Stock Soared Today
The Motley Fool· 2024-02-02 22:45
Snowflake (SNOW 9.41%) stock made big gains in Friday's trading. The data technology company's share price ended the daily session up 9.4%, according to data from S&P Global Market Intelligence.While there wasn't any company-specific news driving Snowflake higher today, the company's valuation benefited from strong earnings results published by leading cloud services providers. In particular, Amazon's better-than-expected fourth-quarter results helped give Snowflake's share price a major boost.Strong cloud ...
Investors Heavily Search Snowflake Inc. (SNOW): Here is What You Need to Know
Zacks Investment Research· 2024-02-02 15:01
Snowflake Inc. (SNOW) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned +8.8%, compared to the Zacks S&P 500 composite's +2.9% change. During this period, the Zacks Internet - Software industry, which Snowflake Inc. falls in, has gained 7.2%. The key question now is: What could be the stock's future direction?Although media report ...
Why Snowflake Inc. (SNOW) Dipped More Than Broader Market Today
Zacks Investment Research· 2024-01-30 23:56
Snowflake Inc. (SNOW) ended the recent trading session at $206.25, demonstrating a -1.57% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.06%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.The company's stock has climbed by 5.3% in the past month, falling short of the Computer and Technology sector's gain of 6.36% and outpacing the S&P 500's gain of 3.36%.The investment community wil ...
Snowflake to Present at Upcoming Investor Conferences
Businesswire· 2024-01-29 14:05
No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)--Snowflake (NYSE: SNOW), the Data Cloud company, will present at two upcoming investor conferences. Chief Financial Officer, Mike Scarpelli, will present at the JMP Securities Technology Conference, on Monday, March 4th, at 3:30 p.m. PT. Chief Financial Officer, Mike Scarpelli, and SVP of AI, Sridhar Ramaswamy, will present at the Morgan Stanley TMT Conference, on Tuesday, March 5th, at 2:50 p.m. PT. If available, event webcasts will be accessible on the ...
Snowflake to Announce Financial Results for the Fourth Quarter and Full Year of Fiscal 2024 on February 28, 2024
Businesswire· 2024-01-29 14:00
No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)--Snowflake (NYSE: SNOW), the Data Cloud company, today announced it will release its financial results for the fourth quarter and full year of fiscal year 2024, which ends January 31, 2024, following the close of the U.S. markets on Wednesday, February 28, 2024. Snowflake will host a conference call to discuss the financial results. Conference Call Details The conference call will begin at 3 p.m. Mountain Time on February 28, 2024. Investors and participants ...
Is Snowflake Stock a Buy Now?
The Motley Fool· 2024-01-27 19:35
We live in a world overflowing with data. The arrival of the internet kicked off the current era of digital data collection. And the onset of cloud computing made the storage and access of this information more efficient.Now, cloud data company Snowflake (SNOW -1.70%) is making it easy to harness this digital info and take action on the insights provided by it. So it might not be a surprise that Snowflake shares reached a 52-week high of $205.97 on Jan. 23.With the stock still near its high at the time of t ...
Snowflake breaks resistance hinting at momentum shift
MarketBeat· 2024-01-26 16:06
Key PointsSnowflake's stock has surged nearly 50% over the past three months, showing impressive growth.With a market cap of $67.8 billion and an RSI of 64.78, Snowflake's stock is not yet considered to be overbought.The stock is now trading above a critical resistance level near $204, potentially signaling a momentum shift if the stock can sustain this level as support.5 stocks we like better than SnowflakeShares of Snowflake Inc. NYSE: SNOW, a cloud-based data storage, computing, and analytics company, ha ...
Could Snowflake Stock Help You Become a Millionaire?
The Motley Fool· 2024-01-25 10:40
Cloud-based data platform provider Snowflake (SNOW -0.86%) went public in September 2020 and the stock shot up impressively following its initial public offering. Then it took a hammering during the broader tech stock sell-off of 2022. As a result, share prices of Snowflake are down nearly 24% since going public.However, the good news for Snowflake investors is that it has gained some momentum over the past year with gains of 33%. While that's lower than the 60% gains logged by the Nasdaq-100 Technology Sec ...
Snowflake Inc. (SNOW) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-01-24 23:51
Snowflake Inc. (SNOW) closed at $203.81 in the latest trading session, marking a -0.86% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, added 0.36%.Heading into today, shares of the company had gained 3.54% over the past month, lagging the Computer and Technology sector's gain of 4.29% and outpacing the S&P 500's gain of 2.4% in that time.The investment community will be paying clos ...
Snowflake Appoints Brad Burns as Chief Communications Officer
Businesswire· 2024-01-24 16:00
No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)--Snowflake (NYSE: SNOW), the Data Cloud company, today announced that Brad Burns is joining the company as Chief Communications Officer. In his new role, Burns will be responsible for Snowflake’s communications strategy, advising the company’s leadership as Snowflake continues to grow and scale as a technology leader. “We are thrilled to welcome Brad to the Snowflake team,” said Denise Persson, Chief Marketing Officer at Snowflake. “With a wealth of experie ...