What is Snowflake investment?

Snowflake offers a cloud-based data storage and analytics service, generally termed “data warehouse-as-a-service”. It allows corporate users to store and analyze data using cloud-based hardware and software. Snowflake is technically not a Software-As-A-Service (SaaS) stock.

Is Snowflake a good buy 2021?

Snowflake continues to deliver the goods since becoming a public concern. Revenue in Q1 2021 notched a 110% year-over-year increase to $229 million, and full-year 2021 guidance is calling for a first-ever $1 billion in annual sales — implying growth of no less than 84% from 2020.

Is Snowflake a good long term investment?

In total, Snowflake has 4,532 customers, with 104 of those bringing in 12-month product revenue of more than $1 million each. With a strong bull case, Snowflake is demonstrating its potential to grow as a company and present a great long-term investment.

Is Snowflake too expensive?

Snowflake is still too expensive

Snowflake’s growing list of Fortune 500 customers and high net retention rate indicate it has a wide moat, but its stock has arguably been overpriced since its IPO.

Is Snowflake a buy hold or sell?

Snowflake has received a consensus rating of Hold. The company’s average rating score is 2.37, and is based on 13 buy ratings, 15 hold ratings, and 2 sell ratings.

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Why is Snowflake stock going down?

Snowflake stock (NYSE: SNOW) has been trending lower over the last month due to the broader sell-off in high-growth tech names, on account of fears of inflation and higher bond yields.

How do I buy snowflake shares?

How to buy shares in Snowflake

  1. Choose a platform. If you’re a beginner, our share-dealing table below can help you choose.
  2. Open your account. …
  3. Confirm your payment details. …
  4. Search the platform for stock code: SNOW in this case.
  5. Research Snowflake shares. …
  6. Buy your Snowflake shares.

Is snow a buy or sell?

(SNOW) – Zacks.

(Delayed Data from NYSE)

Zacks Rank Definition Annualized Return
1 Strong Buy 25.60%
2 Buy 19.21%
3 Hold 10.85%
4 Sell 6.62%

Is snow a good stock to buy today?

Is Snowflake Stock A Buy Right Now? Snowflake stock still trades at a substantial premium as a multiple of forward-looking revenue growth. SNOW stock holds an IBD Composite Rating of 46 out of a best possible 99, according to IBD Stock Checkup.

Does Warren Buffett Own Snowflake stock?

Berkshire took a private stake in Snowflake just prior to the company going public. This netted Buffett’s company more than 6.1 million shares, equating to a little over 2% of Snowflake’s outstanding share count.

Is CrowdStrike overpriced?

I do not dislike CrowdStrike. This firm is hot, but also very expensive. The shares trades at 740 times forward looking earnings and at 55 times sales. … CrowdStrike’s cloud delivered endpoint protection product integrates well with Zscaler’s cloud based security platform.

Does Snowflake pay a dividend?

Snowflake (NYSE: SNOW) does not pay a dividend.

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Who are Snowflake clients?

What is Snowflake customer distribution based on company size? Majority of Snowflake’s customers for the data-warehousing category fall in the company size of 51-200 employees (1196 companies) 11-50 employees (918 companies) 201-500 employees (765 companies) .

Why is Snowflake worth so much?

Snowflake is making money on every sale. They have a gross profit of 62% so they have no problem running the product. The thing is they are spending A LOT on sales and marketing. Their total net loss for the last six months was $171M while during the same time period they spent $191M on sales and marketing.