Shares of Snowflake (NYSE: SNOW ) surged 33% on Thursday, the day after the cloud-based data company reported much better than expected third fiscal quarter earnings and raised its outlook for FY 2025. Snowflake is seeing strong customer acquisition momentum which resulted in higherAnalyst’s Disclosure: I/we have a beneficial long position in the shares of SNOW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving com ...

The company reported increases in several critical categories in the most recently completed quarter.*Stock prices used were the afternoon prices of Nov. 19, 2024. The video was published on Nov. 21, 2024. ...

Core Insights - Snowflake's Q3 results indicate a turnaround in sentiment, showcasing strong client growth and service penetration, reinforcing its leading position in data management [1][5] - Analysts have responded positively to the Q3 results, with many raising their price targets significantly, suggesting a potential upward movement in stock price [4][6] Financial Performance - Snowflake reported Q3 revenue of $940.09 million, reflecting a year-over-year increase of 28.3%, surpassing consensus estimates by nearly 500 basis points [5] - The company's largest client group grew by 25%, and the systemwide net retention rate stands at 127%, indicating robust client engagement despite a slight decline from the previous year [5] - The remaining performance obligation, a key indicator of future revenue, increased by 55%, equating to six quarters of business at the current growth pace [5] Analyst Sentiment - The consensus price target for Snowflake is $180.23, with a potential upside of 5.37%, and many analysts have set targets in the 20% to 30% range, indicating strong bullish sentiment [4][6] - The stock price surged over 30% following the Q3 results, with trading volume more than double the 30-day average, suggesting sustained interest and momentum [10] Future Outlook - Snowflake's guidance for Q4 and the full year is optimistic, with product revenue expected to grow by approximately 1% sequentially and 23% year-over-year [7] - A new deal with Anthropic is anticipated to drive growth in 2025, as it will enhance AI applications on Snowflake's platform, presenting a significant opportunity given Anthropic's expected $1 billion in annual revenue [8][9]

Core Insights - Snowflake's stock price has increased by over 48% since the publication of a 'Strong Buy' thesis in August 2024, indicating strong market performance and investor confidence [1] - The company has shown resilience despite a previous cyberattack, suggesting effective management and operational stability [1] Company Analysis - Snowflake operates in a niche market with significant growth potential, supported by a solid management team and sound capital allocation policies [1] - The investment strategy focuses on long-term quality growth, aiming for a 15% annual return through a diversified portfolio of 15-20 stocks [1] Market Position - The strong performance of Snowflake's stock reflects broader trends in the technology sector, particularly in cloud computing and data management [1]

Nvidia reported Q3 revenue of $35.1 billion, up 94% from last year with data center sales reaching $30.8 billion. Fellow tech firms showed mixed results, with Snowflake growing 29% to $900 million in revenue, while artificial intelligence (AI) startup BEN recorded $50,000 in its first significant quarterly sales amid mounting losses.Nvidia’s Results Hit $35.1B on AI SurgeNvidia reported third-quarter revenue of $35.1 billion, up 94% from a year ago and 17% from the previous quarter, as AI computing drives u ...

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 ...

Core Insights - Snowflake's stock surged 34% following the release of its fiscal Q3 2025 financial results, which exceeded investor expectations [1] Company Performance - Snowflake experienced significant customer growth in Q3, leading to a 10% quarter-over-quarter increase in remaining performance obligations, reaching $5.7 billion, compared to a 4% increase in the same period of fiscal 2024 [3] - The company reported Q3 product revenue of $900 million, surpassing the management's guidance of $855 million, and achieved an adjusted operating income margin of 6%, exceeding the expected 3% margin [4] Future Outlook - Following the positive Q3 results, Snowflake's management raised its fiscal year outlook, projecting a 29% growth in product revenue from fiscal 2024, up from a previous guidance of 26% [5] - The overall spending outlook from enterprise customers appears to be improving, contributing to investor optimism regarding Snowflake's future performance [6]

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 ...

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 ...