Oct 2, 2025 9:30 AM Eastern Daylight Time Securonix Named Data Security Data Cloud Product Partner of the Year by Snowflake Share Recognition Highlights Securonix's Work Accelerating Security Innovation Through Strategic Collaboration with Snowflake, High-Fidelity Telemetry, and Agentic AI PLANO, Texas--(BUSINESS WIRE)--Securonix, Inc., a five-time Leader in the Gartner® Magic Quadrantâ"¢ for SIEM, and leader in autonomous security operations, announced it has been named Data Security Data Cloud Product Par ...

SAN FRANCISCO--(BUSINESS WIRE)--Ketch, the Data Permissioning Platform for privacy-safe data activation, today announced that it has been recognized by Snowflake, the AI Data Cloud company, as "One to Watch†in The Modern Marketing Data Stack 2026: How Marketers Become Agents of Change in an AI- Driven World. Ketch was identified in the Privacy & Consent category for supporting first party data strategies with access to permissioned, privacy-safe data. The fourth annual edition of Snowflake'. ...

ATLANTA--(BUSINESS WIRE)--MessageGears, the leading data activation and engagement platform for enterprise brands, today announced that it has been recognized as "One to Watch†in The Modern Marketing Data Stack 2026: How Marketers Become Agents of Change in an AI-Driven World launched by Snowflake, the AI Data Cloud company. MessageGears was identified in the report's Activation & Delivery for Owned Channels category for its strengths in audience segmentation, cross-channel message creatio. ...

Core Insights - Snowflake (SNOW) is experiencing growth driven by the increasing adoption of enterprise AI, which is becoming a key component of its growth strategy [1] - The company is recognized for being developer-friendly, enhancing its platform's attractiveness to users [1] Financial Performance - In Q2 of fiscal 2025, Snowflake reported product revenues of $1.09 billion, reflecting a 32% year-over-year growth [3][9] - The company achieved a net revenue retention rate of 125%, indicating strong customer loyalty and expansion [3][9] - The customer base grew by 19% to 12,062, with the number of customers generating over $1 million in trailing 12-month product revenues increasing by 30% to 654 [3][9] AI Data Cloud Impact - Snowflake's AI Data Cloud is pivotal for enterprises to utilize data and AI for enhanced innovation and operational efficiency [2] - In Q2 of fiscal 2026, nearly 50% of new customer logos were influenced by AI, and 25% of all deployed use cases involved AI [2][9] - Over 6,100 accounts are utilizing Snowflake's AI capabilities weekly, reinforcing its leadership in the enterprise AI sector [2] Product Portfolio and Partnerships - The expansion of Snowflake's product portfolio includes offerings like Apache Iceberg, Hybrid tables, Polaris, Cortex Large Language Model, and ML functions, which are attracting new clients [4] - The company has established a strong partner ecosystem, including notable companies like NVIDIA, Amazon, Microsoft, ServiceNow, and Meta Platforms [4] Competitive Landscape - Snowflake faces significant competition from Salesforce and ServiceNow, both of which are enhancing their enterprise-grade AI workflows [5] - ServiceNow reported 11 deals exceeding $5 million in net new annual contract value in Q2 of 2025, indicating its competitive strength [5] - Salesforce is leveraging AI-powered enterprise solutions, which are expected to drive revenue growth and strengthen its market position [6] Stock Performance and Valuation - Snowflake's shares have increased by 43.8% year-to-date, outperforming the broader Zacks Computer & Technology sector's return of 19.8% and the Zacks Internet Software industry's appreciation of 24.1% [7] - The stock is trading at a premium, with a forward 12-month Price/Sales ratio of 14.34X compared to the industry's 5.87X [10] - The consensus estimate for SNOW's fiscal 2026 earnings is $1.17 per share, reflecting an 8.54% increase over the past 30 days and a year-over-year increase of 40.96% [12]

No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)---- $SNOW #TheAIDataCloud--Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced that Fortune awarded Snowflake the number one spot on its 2025 Fortune Future 50â"¢ list. Fortune's annual list recognizes publicly traded and venture- backed private companies for their resilience and potential for sustainable growth amid a volatile global economy. This marks the second time Snowflake has topped the list in three years. "We're honored to be named to ...

Core Insights - Snowflake (SNOW) is experiencing significant growth driven by its focus on the AI Data Cloud, which is becoming a key growth catalyst for the company [1] Financial Performance - In Q2 of fiscal 2026, Snowflake reported product revenues of $1.09 billion, marking a 32% year-over-year increase, indicating strong demand for its AI Data Cloud [2][10] - Approximately 50% of new customer acquisitions in Q2 were influenced by AI, with 25% of all deployed use cases involving AI [2] - The consensus estimate for SNOW's fiscal 2026 earnings is $1.08 per share, reflecting a 30.12% year-over-year increase [13] Strategic Partnerships - Snowflake has partnered with Siemens to integrate its AI Data Cloud with Siemens Industrial Edge, enhancing data connectivity for manufacturers [3] - Collaborations with OpenAI, Anthropic, and Microsoft Azure are expanding Snowflake's reach and AI capabilities, with Azure showing a 40% year-over-year growth in Q2 [4] Product Development - The company launched approximately 250 new capabilities in the first half of fiscal 2026, including Snowflake Intelligence and Cortex AI SQL, which enhance data management and AI-driven insights [5][10] Competitive Landscape - Snowflake faces strong competition from Amazon (AWS) and Alphabet (Google Cloud), which offer similar AI Data Cloud solutions [6][7] - Amazon's AWS and Alphabet's Google Cloud leverage their extensive ecosystems to attract enterprises, posing challenges for Snowflake's market dominance [6][7] Stock Performance and Valuation - Snowflake's shares have appreciated 51.3% year to date, outperforming the broader Zacks Computer & Technology sector and the Zacks Internet Software industry [8] - The stock is trading at a premium with a forward 12-month Price/Sales ratio of 15.02X compared to the industry's 5.68X [11]

Core Insights - The second-quarter fiscal 2026 earnings season has shown results exceeding market expectations, particularly for MongoDB Inc. and Snowflake Inc. [1][2] MongoDB Inc. - MongoDB reported quarterly revenues of $591.4 million, surpassing the Zacks Consensus Estimate of $551.1 million, with adjusted earnings per share of $1 exceeding the estimate of $0.64 [3][4] - Subscription revenues reached $572.36 million, reflecting a year-over-year increase of 23.4%, with MDB Atlas subscription revenues at $438.97 million, up 29.2% year-over-year [3][4] - The company provided strong guidance for the third quarter, with a revenue midpoint of $589.5 million, and highlighted a significant market opportunity, owning only 2% of an estimated $100 billion total addressable market [4][5] - MongoDB's focus on cloud-based database software and its Atlas platform has driven demand, particularly among larger enterprises, enhancing sales efficiency and customer acquisition [5][6] Snowflake Inc. - Snowflake reported quarterly revenues of $1.14 billion, exceeding the Zacks Consensus Estimate of $1.09 billion, with adjusted earnings per share of $0.35 surpassing the estimate of $0.26 [8][9] - Product revenue, which is central to Snowflake's business, was $1.09 billion, up 31.5% year-over-year, and the company raised its fiscal 2026 product revenue guidance to $4.40 billion from a previous forecast of $4.33 billion [8][9] - Snowflake is positioned to benefit from the growing demand for cloud-based data platforms, with its AI Data Cloud unifying structured and unstructured data, enhancing real-time analytics capabilities [10][12] - The cloud analytics market is projected to grow from $35.39 billion in 2024 to $130.63 billion by 2030, indicating a 25.5% CAGR, driven by enterprises transitioning to scalable platforms [11][12]

Core Insights - Snowflake (SNOW) is well-positioned to capitalize on the increasing demand for cloud-based data platforms, particularly through its AI Data Cloud, Snowpark, and Dynamic Tables, which enhance developer use cases and enable real-time analytics [1][9] Industry Outlook - The cloud analytics market is projected to grow from $35.39 billion in 2024 to $130.63 billion by 2030, representing a 25.5% CAGR, driven by enterprises moving from legacy systems to scalable platforms for managing data and analytics [2][9] Company Performance - The Zacks Consensus Estimate for Snowflake's second-quarter fiscal 2026 product revenues is $1.04 billion, an increase from $829.3 million in the same quarter last year, indicating strong demand for its cloud analytics solutions [3] - Snowflake's shares have increased by 27.5% year to date, outperforming the broader Zacks Computer & Technology sector's return of 12.5% and the Zacks Internet Software industry's increase of 19.3% [7] Competitive Landscape - The cloud data analytics market is highly competitive, with MongoDB (MDB) and Oracle (ORCL) emerging as significant competitors to Snowflake, each offering analytics-focused cloud platforms [4][5][9] - MongoDB's Atlas platform and Oracle's Cloud Infrastructure and Autonomous Database are both targeting similar markets, creating competitive pressure on Snowflake [6][9] Valuation Metrics - Snowflake's stock is trading at a forward 12-month Price/Sales ratio of 12.93X, significantly higher than the industry average of 5.72X, indicating a premium valuation [11] - The Zacks Consensus Estimate for Snowflake's second-quarter fiscal 2026 earnings is 26 cents per share, reflecting a year-over-year increase of 24.91% [14]

Core Insights - Snowflake (SNOW) shares are considered overvalued with a Value Score of F, trading at a forward 12-month Price/Sales (P/S) ratio of 14.2X compared to the industry average of 5.9X [1][7] - The company has seen a significant stock performance increase of 37.6% year-to-date, outperforming the Zacks Computer and Technology sector and the industry [4] - Snowflake is experiencing growing enterprise adoption of its AI Data Cloud and Cortex AI, which is driving demand and revenue growth [5][11] Financial Performance - First-quarter product revenues increased by 26% year-over-year to $996.8 million, with second-quarter estimates at $1.04 billion, indicating a 25.4% growth [11][20] - The Zacks Consensus Estimate for second-quarter earnings is pegged at 26 cents per share, reflecting a 44.44% year-over-year increase [21] Customer and Market Expansion - Snowflake's customer base grew to 11,578, an 18% increase year-over-year, with expectations to reach 11,961 customers in the second quarter [18] - The company has expanded its partnerships with major players like Microsoft and NVIDIA, enhancing its AI capabilities and market positioning [19] Product Development and Innovation - Snowflake has introduced over 125 new features, including enhancements to its AI Data Cloud and the launch of Openflow for real-time data ingestion [12][15] - The acquisition of Crunchy Data aims to attract Postgres-native developers and support transactional workloads [16] Competitive Landscape - Snowflake faces competition from hyperscale cloud providers and analytics vendors like Teradata and MongoDB, which are expanding their capabilities [22][23] - Despite competitive pressures, Snowflake's strong partner ecosystem and ongoing platform enhancements position it well for long-term growth [22]

Group 1: Company Overview - Snowflake is a leader in the AI movement with its AI Data Cloud platform that consolidates data for business insights and problem-solving [1] - The company has introduced over 125 product capabilities in the first quarter, marking a 100% year-over-year increase [6] - Snowflake's customer-centric, consumption-based pricing model ensures a recurring, high-margin revenue stream [6] Group 2: Financial Performance - Snowflake is expected to see a 27.7% increase in earnings per share to $1.06 in fiscal 2026, with revenues projected to rise 24.6% to $4.52 billion [9] - The company has consistently surpassed earnings estimates, achieving a trailing four-quarter average surprise of 34.7% [9] Group 3: Industry Position - Snowflake is part of the Zacks Internet - Software industry group, which ranks in the top 19% of over 250 industries, indicating strong market performance expectations [3] - Historical research suggests that approximately half of a stock's price appreciation is attributed to its industry grouping, with top-ranked industries outperforming lower-ranked ones by more than 2 to 1 [3][4] Group 4: Strategic Partnerships - Partnerships and acquisitions have been crucial for Snowflake, with notable partners including NVIDIA, Amazon, Microsoft, ServiceNow, and Meta Platforms [7]