STOCK TITAN

Snowflake Inc. - SNOW STOCK NEWS

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

Snowflake Inc., founded in 2012, is a pioneering company in the realm of cloud-based data warehousing and analytics. Based in Silicon Valley, the company set out to revolutionize the data warehouse and succeeded by creating a unified cloud service that integrates all users, data, and workloads. Snowflake's innovative solutions make data storage, processing, and sharing seamless, enabling enterprises to gain valuable insights from their data efficiently.

With its data lake technology, Snowflake stores unstructured and semi-structured data, which can be analyzed and transformed into actionable insights within its powerful data warehouse. The company’s data sharing capability stands out, allowing businesses to buy and integrate data almost instantly, compared to traditional methods that take months.

Snowflake serves over 3,000 customers, including nearly 30% of the Fortune 500 companies. It supports multiple public clouds, ensuring flexibility and scalability for diverse business needs. The company went public in 2020, marking a significant milestone in its journey.

Backed by leading venture capital firms such as Redpoint Ventures, Sutter Hill Ventures, and Wing Ventures, Snowflake boasts a team of experts with over 120 patents in database architecture, query optimization, and parallelization. The company continuously seeks top talent in various fields including distributed systems engineering, database engineering, user interface, user experience, quality assurance, technical support, and technical writing.

Snowflake's commitment to innovation and excellence has positioned it at the forefront of the data warehousing industry, making it a key player for businesses seeking cutting-edge data solutions.

Rhea-AI Summary

Snowflake (NYSE: SNOW) announced that Chief Financial Officer Mike Scarpelli will present at three upcoming investor conferences. The presentations are scheduled for:

  • Deutsche Bank's Virtual Technology Conference on September 9 at 10:50 a.m. PT
  • Piper Sandler Global Technology Conference on September 14 at 8:00 a.m. PT
  • Citi's Global Technology Virtual Conference on September 15 at 11:40 a.m. PT
The events will be available via webcast on the Snowflake investor relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.8%
Tags
conferences
-
Rhea-AI Summary

Snowflake (SNOW) reported a strong second quarter for fiscal 2022, ending July 31, 2021, with revenue of $272.2 million, reflecting a 104% year-over-year growth. The product revenue reached $254.6 million, also up 103%. Remaining performance obligations surged to $1.5 billion, a 122% increase year-over-year. Snowflake's net revenue retention rate stood at 169%, with 4,990 customers and 116 customers generating over $1 million each in product revenue annually. The company's positive adjusted free cash flow marked the third consecutive quarter of profitability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.58%
Tags
-
Rhea-AI Summary

Snowflake (NYSE: SNOW) announced it will release its financial results for Q2 fiscal year 2022, ending July 31, 2021, on August 25, 2021, after U.S. markets close. A conference call is scheduled for 2 p.m. PT that day to discuss the results. Participants can register for the call via Snowflake's Investor Relations website. An audio replay will be available for 30 days post-call. Snowflake's Data Cloud enables organizations to efficiently mobilize their data, with thousands of customers, including 187 Fortune 500 companies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.97%
Tags
Rhea-AI Summary

Snowflake (NYSE: SNOW) announced its support for Unified ID 2.0, an open-source identity solution developed by The Trade Desk. This integration allows organizations to enhance audience data without sharing personally identifiable information (PII). With Unified ID 2.0, Snowflake customers can optimize data-driven advertising strategies using secure data sharing technology. The solution aims to enable brands, publishers, and data partners to manage first-party data efficiently while ensuring consumer privacy. Key platforms adopting Unified ID 2.0 include The Washington Post, FuboTV, and Nielsen.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.57%
Tags
none
-
Rhea-AI Summary

Snowflake (NYSE: SNOW) held its third-annual Snowflake Summit from June 8-10, attracting over 60,000 virtual registrants. The event showcased innovations that empower data scientists, emphasizing the importance of data without boundaries. Key announcements included new features under five pillars: Connected industries, Global data governance, Platform optimizations, Data programmability, and Powered by Snowflake. The Snowflake Startup Challenge awarded $250,000 to winner OverlayAnalytics. Notable customers participated, sharing insights to drive data as a strategic asset.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
none
-
Rhea-AI Summary

OneTrust has partnered with Snowflake (NYSE: SNOW) to enhance data classification via Snowpark. This integration allows data engineers and scientists to efficiently identify sensitive data across various datasets, facilitating compliance with regulatory standards. Key capabilities include scaling up data volume for scanning, automatic access restrictions based on data sensitivity, and improved efficiency in data pipeline operations. The integration is now available, with Snowpark capabilities in preview.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
none
Rhea-AI Summary

Snowflake (NYSE: SNOW) has introduced the Powered by Snowflake program, which aims to enhance the development and delivery of applications for partners. This initiative provides resources including technical support, design workshops, co-marketing opportunities, and performance optimization assistance. Notable partners like BlackRock, Instacart, Adobe, and Lacework are leveraging this program to create innovative applications and improve customer insights. The program reflects Snowflake's commitment to fostering partnerships that drive business growth and optimize data utilization.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
none
-
Rhea-AI Summary

Snowflake (NYSE: SNOW) has launched new product innovations aimed at enhancing its Data Cloud capabilities during the Snowflake Summit. Key features include Snowpark for developers to use Java and Scala, Java UDFs for custom code integration, improved handling of unstructured data, and a new SQL API for easier application integration. Global governance innovations include PII classification and anonymized views. Additionally, platform optimizations promise better storage economics and interactive performance improvements. These advancements position Snowflake for greater market leadership.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
none
-
Rhea-AI Summary

Snowflake (NYSE: SNOW) reported its Q1 FY2022 results, showing a remarkable 110% year-over-year revenue growth of $228.9 million, with product revenue at $213.8 million. Remaining performance obligations reached $1.4 billion, a 206% increase from last year. The net revenue retention rate stood at 168%. Despite strong revenue growth, the company reported an operating loss of $205.6 million. The guidance for Q2 FY2022 anticipates product revenue between $235-240 million, reflecting 88-92% year-over-year growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.21%
Tags
Rhea-AI Summary

Snowflake (NYSE: SNOW) announced the release of its financial results for Q1 fiscal year 2022, ending April 30, 2021, scheduled for May 26, 2021. Following market closure, a conference call will take place at 2 p.m. Pacific Time to discuss the results, with prior registration recommended. An audio replay will be available afterward for 30 days. Snowflake offers a powerful Data Cloud platform, enabling organizations to mobilize and analyze data efficiently across multiple public clouds, enhancing operational capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.41%
Tags

FAQ

What is the current stock price of Snowflake (SNOW)?

The current stock price of Snowflake (SNOW) is $183.06 as of December 5, 2024.

What is the market cap of Snowflake (SNOW)?

The market cap of Snowflake (SNOW) is approximately 60.9B.

What does Snowflake Inc. do?

Snowflake Inc. provides cloud-based data warehousing and analytics solutions, enabling businesses to store, process, and share data efficiently.

When was Snowflake Inc. founded?

Snowflake Inc. was founded in 2012.

Who are Snowflake Inc.'s customers?

Snowflake Inc. serves over 3,000 customers, including nearly 30% of the Fortune 500 companies.

What are Snowflake's core technologies?

Snowflake's core technologies include cloud-based data lakes and data warehouses, which store unstructured and semi-structured data for analytics.

What makes Snowflake's data sharing feature unique?

Snowflake's data sharing capability allows businesses to buy and integrate data almost instantly, compared to traditional methods that take months.

What public clouds does Snowflake support?

Snowflake supports various public clouds, providing flexibility and scalability for different business needs.

When did Snowflake go public?

Snowflake went public in 2020.

Who are some of Snowflake's investors?

Snowflake is backed by leading venture capital firms such as Redpoint Ventures, Sutter Hill Ventures, and Wing Ventures.

Where is Snowflake Inc. headquartered?

Snowflake Inc. is headquartered in Silicon Valley, with a growing team in the San Francisco Bay Area.

What type of talent is Snowflake looking for?

Snowflake seeks talent in distributed systems engineering, database engineering, user interface, user experience, quality assurance, technical support, and technical writing.

Snowflake Inc.

NYSE:SNOW

SNOW Rankings

SNOW Stock Data

60.86B
319.85M
4.58%
61.43%
3.51%
Software - Application
Services-prepackaged Software
Link
United States of America
BOZEMAN