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.
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
- Choose a platform. If you’re a beginner, our share-dealing table below can help you choose.
- Open your account. …
- Confirm your payment details. …
- Search the platform for stock code: SNOW in this case.
- Research Snowflake shares. …
- Buy your Snowflake shares.
Is snow a buy or sell?
(SNOW) – Zacks.
(Delayed Data from NYSE)
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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.
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.