Rosenblatt’s Blair Abernethy maintains a Buy rating on Snowflake Inc SNOW with a price target of $180.Snowflake announced its intention to offer $2 billion in convertible notes, due in 2027 and 2029, Abernethy wrote in an analyst note. The Bozeman, Montana-based data storage company currently has $3.9 billion in cash and no debt, he said. “In our view, the company is issuing the proposed Notes from a position of financial strength,” Abernethy added.Also Read: Apple iPhone To Fuel 96% Of 2025 Revenue, Analys ...

This is the right mindset for management to have when it comes to AI.If you're an informed investor, you likely read the quarterly reports from the companies you've invested in. If you're looking for even deeper insight, you might listen to management's commentary on quarterly earnings calls. But if you still have extra time, listening to presentations at investor conferences can provide even more insight.On Sept. 12, data company Snowflake (SNOW -3.29%) made a presentation at the Goldman Sachs Communacopia ...

This once-hot stock has gone from hero to market underdog.Data analytics and warehousing company Snowflake (SNOW -3.29%) went public as one of the most hyped IPOs in modern history. But today? Investors have largely moved on. Snowflake is down a whopping 71% from its former peak, which admittedly came in 2020-2021 during a zero-percent interest rate-driven market bubble.But Snowflake's story doesn't reflect a bad business, even if the stock's price action points to that conclusion.The good news is that Snow ...

Snowflake (SNOW) shares are trading at a significant premium compared to the Zacks Computer & Technology sector. Its forward 12-month Price/Sales of 9.47X is higher than the broader sector’s 6.2X and the Zacks Internet Software Industry’s 2.56X.Snowflake’s near-term prospects remain foggy. The stock is not so cheap, as the Value Score of F suggests a stretched valuation at this moment.Snowflake stock has dropped 42.8% in the year-to-date period, underperforming the industry’s gain of 14.5% and the broader s ...

Snowflake Inc. (NYSE:SNOW) Goldman Sachs Communacopia + Technology Conference September 12, 2024 ET Company Participants Mike Scarpelli - CFO Conference Call Participants Kash Rangan - Goldman Sachs Kash Rangan If we have such a large gathering on the last day of a four-day conference, it has to be the company. Mike Scarpelli I don't know, but I think it's you, Kash, that they all want to see. I'm just jealous. Kash Rangan And if it's not just the company, it's Scarpelli. Your last name is like, people don' ...

Management raised its top-line guidance, but investors were looking at the bottom line.Shares of data storage and analytics company Snowflake (SNOW 1.05%) dropped by 12.4% during August, according to data provided by S&P Global Market Intelligence. The stock got crushed after the company reported results for its fiscal 2025 second quarter on Aug. 21 -- but the drop in price confused many investors.Here's why the stock's drop was confusing for some: In the quarter, Snowflake generated product revenue of $829 ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Snowflake. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Which of these fallen AI stocks is a better turnaround play?SoundHound AI (SOUN -0.22%) and Snowflake (SNOW 0.86%) represent different ways to invest in the growing artificial intelligence (AI) market. SoundHound develops AI-driven speech and audio recognition tools that can be customized for a wide range of industries. Snowflake's cloud-based data warehouses are used to collect and clean up data from fragmented computing platforms so they can be easily read by third-party analytics and AI apps.The bulls in ...

D4Fish Snowflake (NYSE:SNOW) reported its FY2Q25 results that beat on all fronts, resulting in a raise in revenue guidance for FY2025, while profitability guidance was maintained. I think Snowflake is headed in the direction under the leadership of new CEO Sridhar Ramaswamy. Since becoming the CEO of Snowflake, he has seriously increased the pace of product innovation and new product launches and also revamped the sales representatives' incentives to ensure that they are aligned with new customer additi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39504 SNOWFLAKE INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or org ...