STOCK TITAN
  1. Home
  2. News
  3. SNOW

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.

News
Snowflake Ranked #1 on 2023 Fortune Future 50 List
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%
Tags
none
-
News
Snowflake Reports Financial Results for the Third Quarter of Fiscal 2024
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
-
News
Snowflake Puts Industry-Leading Large Language and AI Models in the Hands of All Users with Snowflake Cortex
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
News
Snowflake Accelerates How Users Build Next Generation Apps and Machine Learning Models in the Data Cloud
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
-
News
Snowflake Advances its Trusted Data Foundation to Unite All Data and Extend Its Powerful Governance Capabilities
Rhea-AI Summary
Snowflake announces new enhancements to eliminate data silos, enhance governance capabilities, and improve cost management in its Data Cloud platform. The updates enable users to bring all their data together in a single data foundation, securely protect and access data, and optimize Snowflake spend. The company aims to empower organizations to leverage data and emerging technologies for AI models and apps.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none
-
News
Snowflake Launches Powered By Snowflake Funding Program Investing Up to $100 Million in Innovative Apps in the Data Cloud
Rhea-AI Summary
Snowflake has launched the Powered by Snowflake Funding Program, investing up to $100 million in early-stage startups building Snowflake Native Apps. The program includes 10 venture capital firms and offers up to $1 million in free Snowflake credits on AWS over four years. Snowflake Native Apps benefit from Snowflake's platform, allowing for accelerated time to market and improved customer experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none
News
Snowflake to Present at Upcoming Investor Conferences
Rhea-AI Summary
Snowflake, the Data Cloud company, will have two of its senior executives present at upcoming investor conferences. Christian Kleinerman, Senior Vice President of Product, will present at the Scotiabank Global Technology Conference on December 5th. Mike Scarpelli, Chief Financial Officer, will present at the Barclays Global Technology Conference on December 7th. Webcasts of the events will be available on the Snowflake website for 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
conferences
-
News
Snowflake to Announce Financial Results for the Third Quarter of Fiscal 2024 on November 29, 2023
Rhea-AI Summary
Snowflake will release its financial results for Q3 of fiscal year 2024 on November 29, 2023. The conference call to discuss the results will be held at 3 p.m. Mountain Time. Dial-in details and webcast information are provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
earnings
-
News
AI and Machine Learning Usage up 15.5% Among Marketing Teams, Snowflake Modern Marketing Data Stack Report Finds
Rhea-AI Summary
Snowflake released its Modern Marketing Data Stack 2023 report, revealing trends and growth in marketing data stacks. The fastest-growing categories are Measurement & Attribution (29.2% growth), Customer Data Activation (27.6% growth), and Analytics & Data Capture (27.4% growth). Marketers are adopting tools for AI & Machine Learning, with a 15.5% YoY increase. Data clean room relationships have increased up to 7x YoY as privacy becomes a focus.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
Tags
AI
News
Snowflake Reports Financial Results for the Second Quarter of Fiscal 2024
Rhea-AI Summary
Snowflake announces strong Q2 FY24 results with product revenue of $640.2 million, representing 37% YoY growth. Net revenue retention rate is 142%. Remaining performance obligations reach $3.5 billion, a 30% YoY growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.16%
Tags
earnings
Stock SNOW logo
Snowflake Inc

NYSE:SNOW

SNOW Rankings

#249 Ranked by Market Cap
#2730 Ranked by Stock Gains
N/A Ranked by Dividends

SNOW Stock Data

52.99B
302.88M
6.61%
64.57%
2.87%
Software Publishers
Information
Link
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