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Here's Why Snowflake Stock Popped Again Today
The Motley Fool· 2024-11-25 15:57
Last week, data company Snowflake (SNOW 5.17%) reported financial results for its fiscal third quarter of 2025. The market responded favorably to the report as evidenced by a big jump in Snowflake's stock price. Today, the price is rising yet again, with Snowflake stock up 4% as of 10 a.m. ET. But it had been up more than this earlier in the day.This morning, Wedbush analyst Dan Ives published a report stating that artificial intelligence (AI) is starting to revolutionize the software space and noted that S ...
Snowflake Shares Soar as Outlook Brightens. Is It Too Late to Buy the Stock?
The Motley Fool· 2024-11-25 11:15
It had been a very difficult year for Snowflake (SNOW -2.28%) stock going into its fiscal 2025 third-quarter earnings report. Then investors got something to cheer about in its results and the stock skyrocketed higher. The stock was still down about 15% on the year as of the time of this writing, but that's a big improvement from just a few months ago. Let's take a closer look at the cloud-based data warehousing company's Q3 earnings results to see if the turnaround in the stock can continue. A turn to prof ...
Snowflake: Why I Am Not Selling A Single Share
Seeking Alpha· 2024-11-24 11:11
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 ...
Should You Buy Snowflake Stock After Its Spectacular Earnings Results?
The Motley Fool· 2024-11-23 15:32
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. ...
Snowflake Melts Up as Analysts Shift Gears; Higher Prices To Come
MarketBeat· 2024-11-22 13:31
Snowflake NYSE: SNOW shares wallowed near long-term lows for years as concerns about slowing growth and financial health weighed on sentiment, but the times have changed. The Q3 results reveal persistent strength, swelling client counts, and depending penetration of services, revealing its industry-leading position in data management and value for investors. The news includes significant increases in all metrics that provide leverage to the bottom line and greatly improve the financial outlook. The company ...
Snowflake Q3: Firing On All Cylinders
Seeking Alpha· 2024-11-22 05:45
Since I published my 'Strong Buy' thesis on Snowflake (NYSE: SNOW ) in August 2024, the stock price has surged by more than 48%. I discussed the potential impact from their cyberattack in the previous article. Snowflake delivered a strongMore than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid ...
Nvidia, Snowflake and BEN Ride AI Surge in Q3
PYMNTS.com· 2024-11-21 22:15
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 ...
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 ...