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Snowflake Inc - SNOW STOCK NEWS

Welcome to our dedicated news page for Snowflake (Ticker: SNOW), a resource for investors and traders seeking the latest updates and insights on Snowflake.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Snowflake's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Snowflake's position in the market.

Rhea-AI Summary
Snowflake (NYSE: SNOW) reports strong financial results for Q4 and full-year FY24 with significant revenue growth, customer expansion, and positive business metrics. The company achieved $738.1 million in product revenue in Q4, a 33% YoY growth, and $2.67 billion in total product revenue for FY24. Snowflake's net revenue retention rate stands at 131%, with 461 customers generating over $1 million in revenue. The company has 691 Forbes Global 2000 customers and $5.2 billion in remaining performance obligations, showing a 41% YoY growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.14%
Tags
earnings
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Rhea-AI Summary
Snowflake appoints Sridhar Ramaswamy as new CEO, succeeding Frank Slootman, with a focus on AI and machine learning growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.14%
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none
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Rhea-AI Summary
Snowflake (SNOW) announces CFO and SVP of AI's participation in upcoming investor conferences. Mike Scarpelli will present at the JMP Securities Technology Conference on March 4th, and both Scarpelli and Sridhar Ramaswamy will present at the Morgan Stanley TMT Conference on March 5th. Event webcasts will be available on the Snowflake website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.47%
Tags
conferences
Rhea-AI Summary
Snowflake (NYSE: SNOW) announced the release of its financial results for the fourth quarter and full year of fiscal year 2024, ending on January 31, 2024. The company will host a conference call to discuss the financial results on February 28, 2024, at 3 p.m. Mountain Time. Investors and participants can attend the call by dialing (833) 470-1428 (Access code: 766155) or +1 (929) 526-1599 (Access code: 766155) for international participants. The call will be webcast live on the Snowflake Investor Relations website, with an audio replay available for 30 days after the completion of the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.47%
Tags
earnings
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Rhea-AI Summary
Snowflake (SNOW) has appointed Brad Burns as Chief Communications Officer. Burns brings two decades of experience from highly successful enterprises, including Salesforce and AT&T, and will play a crucial role in elevating Snowflake communications as the company scales the Data Cloud to $10 billion and beyond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
Tags
management
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Rhea-AI Summary
Snowflake (NYSE: SNOW) receives FedRAMP High Authorization on AWS GovCloud, solidifying its status as a trusted data platform used by the US government to securely guard critical data.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
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none
Rhea-AI Summary
Snowflake (NYSE: SNOW) has been recognized as the number one company on the 2023 Fortune Future 50 list. The company's Data Cloud platform has been instrumental in transforming the data industry, enabling organizations to connect to critical data and applications. Snowflake's focus on generative AI and its potential to reshape industries has been acknowledged by Fortune. The company's market potential and capacity to deliver against that potential have been key factors in securing the top spot on the list.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
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none
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Rhea-AI Summary
Snowflake (NYSE: SNOW) reported a 34% year-over-year growth in product revenue, reaching $698.5 million in the third quarter of fiscal 2024. The company now has 436 customers with trailing 12-month product revenue greater than $1 million and 647 Forbes Global 2000 customers, representing 52% and 10% year-over-year growth, respectively. The net revenue retention rate was 135% as of October 31, 2023, and remaining performance obligations were $3.7 billion, showing 23% year-over-year growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.05%
Tags
earnings
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Rhea-AI Summary
Snowflake has announced the launch of Snowflake Cortex, a fully managed service that provides access to large language models, AI models, and vector search functionality. Users can leverage serverless functions within Snowflake Cortex to accelerate analytics and build LLM-powered apps. Snowflake also introduced three LLM-powered experiences: Document AI, Snowflake Copilot, and Universal Search.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
AI
Rhea-AI Summary
Snowflake announced new advancements to make it easier for developers to build machine learning models and full-stack apps in the Data Cloud. The enhancements include Python capabilities through Snowpark, support for containerized workloads, expanded DevOps capabilities, and more. Snowflake is also introducing Snowflake Notebooks, Snowpark ML Modeling API, Snowpark Model Registry, Snowflake Feature Store, and Snowflake Native App Framework. Leading organizations like Cybersyn, LiveRamp, and SNP are already benefiting from these advancements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none
Snowflake Inc

NYSE:SNOW

SNOW Rankings

SNOW Stock Data

61.39B
299.25M
6.54%
65.47%
3.15%
Software Publishers
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US
San Mateo

About SNOW

snowflake computing was started in 2012 with an ambitious goal: to reinvent the data warehouse. we saw the need to create a completely new data warehouse that could bring together all users, all data and all workloads in a single cloud service. to achieve that, we have assembled a team of experts in data processing who hold over 120 patents in the fields of database architecture, data warehouses, query optimization and parallelization. we are backed by leading venture capital investors including redpoint ventures, sutter hill ventures and wing ventures. we are headquartered in silicon valley and are growing our team in the san francisco bay area. we're a highly collaborative group always on the lookout for great talent. some examples of the expertise that we’re looking for include: distributed systems engineering database engineering user interface user experience quality assurance technical support technical writing this is not an exhaustive list, and we're always intere