STOCK TITAN
  1. Home
  2. News
  3. SNOW

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.

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
News

Snowflake to Present at Upcoming Investor Conferences

Rhea-AI Summary
Snowflake (NYSE: SNOW) to Present at Stifel Tech Executive Summit and Goldman Sachs Communacopia & Technology Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
Tags
conferences

FAQ

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

The current stock price of Snowflake (SNOW) is $171.35 as of November 21, 2024.

What is the market cap of Snowflake (SNOW)?

The market cap of Snowflake (SNOW) is approximately 56.7B.

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.

Stock SNOW logo
Snowflake Inc.

NYSE:SNOW

SNOW Rankings

#252 Ranked by Market Cap
N/A Ranked by Dividends

SNOW Stock Data

56.72B
319.83M
4.58%
61.52%
3.51%
Software - Application
Services-prepackaged Software
Link
United States of America
BOZEMAN