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.

03/28/2024 09:01 AM

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Snowflake Revolutionizes Secure, Cross-Cloud Collaboration for High Value Business Outcomes with Snowflake Data Clean Rooms

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Snowflake (SNOW) announces the general availability of Snowflake Data Clean Rooms in AWS East, AWS West, and Azure West, revolutionizing secure data sharing and collaboration. The acquisition of Samooha enhances data clean room capabilities, allowing enterprises of all sizes to achieve high-value business outcomes in the Data Cloud.

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03/18/2024 06:01 PM

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Snowflake Teams with NVIDIA to Deliver Full-Stack AI Platform for Customers to Transform Their Industries

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Snowflake collaborates with NVIDIA to enhance AI productivity in the Data Cloud, offering secure and scalable AI platforms for enterprise customers across various industries.

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0.89%

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03/05/2024 09:01 AM

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Snowflake Partners with Mistral AI to Bring Industry-Leading Language Models to Enterprises Through Snowflake Cortex

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Snowflake (SNOW) partners with Mistral AI to bring powerful language models to enterprises through Snowflake Cortex, offering advanced AI capabilities with security and governance over data.

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02/28/2024 04:05 PM

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Snowflake Reports Financial Results for the Fourth Quarter and Full-Year of Fiscal 2024

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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.

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02/28/2024 04:05 PM

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Sridhar Ramaswamy Named Chief Executive Officer of Snowflake

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Snowflake appoints Sridhar Ramaswamy as new CEO, succeeding Frank Slootman, with a focus on AI and machine learning growth.

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01/29/2024 09:05 AM

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Snowflake to Present at Upcoming Investor Conferences

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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.

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01/29/2024 09:00 AM

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Snowflake to Announce Financial Results for the Fourth Quarter and Full Year of Fiscal 2024 on February 28, 2024

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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.

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01/24/2024 11:00 AM

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Snowflake Appoints Brad Burns as Chief Communications Officer

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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.

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12/11/2023 09:00 AM

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Snowflake Achieves FedRAMP High Authorization on AWS GovCloud US-West and US-East

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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.

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12/05/2023 11:57 AM

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Snowflake Ranked #1 on 2023 Fortune Future 50 List

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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.

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FAQ

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

The current stock price of Snowflake (SNOW) is $129.12 as of November 20, 2024.

What is the market cap of Snowflake (SNOW)?

The market cap of Snowflake (SNOW) is approximately 43.1B.

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.