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SNOW News Highlights
- For SNOW, its 30 day story count is now at 28.
- Over the past 26 days, the trend for SNOW's stories per day has been choppy and unclear. It has oscillated between 1 and 8.
- The most mentioned tickers in articles about SNOW are BEAT, TREE and CRM.
Latest SNOW News From Around the Web
Below are the latest news stories about SNOWFLAKE INC that investors may wish to consider to help them evaluate SNOW as an investment opportunity.
The valuation of Snowflake stock remains controversial. Here is what technical and fundamental analysis says about buying SNOW stock.
Dow Jones aerospace leader Boeing and chip designer ARM are approaching new buy points in today's stock market action.
Snowflake Inc (NYSE: SNOW) topped both revenue and earnings estimates with its latest quarterly results amid stabilizing growth observed by its cloud computing partner Amazon.com (NASDAQ: AMZN). Being its largest client, Amazon is often considered as essential to the company's success. Datadog Inc (NASDAQ: DDOG), who is also a cloud partner of Amazon, also reported better than expected third quarter results earlier in November. Quarterly Highlights For the quarter that ended on October 31st, Sno
Revenue growth was lower than the previous quarter, but investors see evidence of improving growth trends in the near term after Snowflake reported cloud consumption on its platform was up 500% in October since last year. The declining rate of revenue growth has been a heavy anchor on this stock trading at an expensive valuation.
Today, shares are still burning off its staggering valuation that peaked at a price-to-sales ratio (P/S) of more than 183. Snowflake's share price has fallen over 50% from its all-time high, and the company's strong growth has further poured water on the valuation. The global economy is steadily going through a technological revolution happening in the cloud -- massive data centers filled with remote servers.
Following Snowflake's (NYSE: SNOW) fiscal third-quarter report late last month, analysts have been rushing to upgrade their 12-month price targets for the stock. The general sentiment from analysts seems to be that the quarter's results, combined with management's updated guidance, show signs that the company's trend of decelerating top-line growth is finally stabilizing.
Snowflake is making some impressive moves, but investors have to climb one major hurdle before buying its stock.
Snowflake's (NYSE: SNOW) stock jumped 7% on Thursday after the cloud-based data warehouse provider posted its latest earnings report. Snowflake pulls all of an organization's data onto its centralized cloud-based data warehouse platform so it can be easily accessed by third-party applications. When Snowflake went public three years ago, it gained a lot of attention for its explosive growth rates.
Fool.com contributor Parkev Tatevosian compares Snowflake (NYSE: SNOW) and C3.ai (NYSE: AI) to answer which AI stock has the better opportunity to capture the massive market opportunity. *Stock prices used were the afternoon prices of Nov.
Although Buffett may not have bought these companies purely for AI, it's a part of their investment thesis.