27 days ago
On September 2, 2026, Snowflake Inc. (NYSE:SNOW) reported second-quarter fiscal 2027 results for the period ended July 31, 2026. Revenue rose 35% to $1.55 billion against a $1.48 billion consensus, product revenue grew 37% to $1.49 billion, and adjusted earnings came in at $0.62 per share versus the $0.45 ******* ysts expected. Management raised full-year product revenue guidance to $6.07 billion from $5.84 billion. Shares surged more than 20% in extended trading, and within 48 hours eight firms had rewritten their models.
The size of the target revisions tells the story.
Argus ******* yst Joseph Bonner moved to $450 from $300, keeping a Buy rating and arguing that new AI products are driving sales, customer conversion, and retention while Snowflake Inc. (NYSE:SNOW) grows well above management's 30% north star target with expanding margins.
Goldman Sachs also went to $436 from $300, noting product revenue landed 5% above the Street and EBIT margins 270 basis points ahead, and said the stock reaction reflects a setup where estimates keep moving higher over the next 18 months.
JPMorgan lifted its target to $426 from $285 on a third straight quarter of product revenue acceleration, while Raymond James ******* yst Adam Tindle went to $425 from $275, framing Snowflake Inc. (NYSE:SNOW) as an AI-native control plane for enterprise workflows beyond ******* ytics.
#target
The size of the target revisions tells the story.
Argus ******* yst Joseph Bonner moved to $450 from $300, keeping a Buy rating and arguing that new AI products are driving sales, customer conversion, and retention while Snowflake Inc. (NYSE:SNOW) grows well above management's 30% north star target with expanding margins.
Goldman Sachs also went to $436 from $300, noting product revenue landed 5% above the Street and EBIT margins 270 basis points ahead, and said the stock reaction reflects a setup where estimates keep moving higher over the next 18 months.
JPMorgan lifted its target to $426 from $285 on a third straight quarter of product revenue acceleration, while Raymond James ******* yst Adam Tindle went to $425 from $275, framing Snowflake Inc. (NYSE:SNOW) as an AI-native control plane for enterprise workflows beyond ******* ytics.
#target
1 month ago
For much of the past year, the "AI trade" has been focused on infrastructure: processors, data centers, and cloud capacity. Snowflake Inc. (NYSE:SNOW)'s blowout quarter, which was reported after the market closed on September 2, provided something unique: clear evidence that AI is translating into real, incremental spending within software companies that are closer to the end customer. The reaction echoed throughout corporate software the next morning, adding to a rally that, for Salesforce, Inc. (NYSE:CRM) in particular, had already begun for its own reasons.
Snowflake Inc. (NYSE:SNOW) boosted its fiscal 2027 product revenues target to $6.07 billion from $5.84 billion, following a 37% increase in second-quarter product revenue to $1.49 billion. CEO Sridhar Ramaswamy stated that the company's AI products accounted for around half of that growth acceleration, which ****** ysts took as implying that AI demand is increasing Snowflake's core data platform, instead of just adoption of standalone AI add-ons. UBS ****** yst Karl Keirstead said the figures, together with Palantir and Databricks' rapid growth, gave compelling proof of robust enterprise AI adoption.
Snowflake's beat rippled across enterprise software, with ServiceNow, Atlassian, Adobe, Intuit, and Salesforce, Inc. (NYSE:CRM) all up 3.5% to 6% on the same day, while the sector-wide iShares Expanded Tech-Software ETF rose 3%.
That Snowflake-driven spike was piled on top of a much bigger adjustment made by Salesforce, Inc. (NYSE:CRM) on its own. The company released its second-quarter fiscal 2027 results on August 26, a week before Snowflake Inc. (NYSE:SNOW), with revenue of $11.35 billion, up 11% year-over-year, with current remaining performance obligations up 14% to $33.5 billion and adjusted EPS of $5.90, exceeding the $3.27 consensus. Along with those results, Salesforce and Anthropic announced Claudeforce, an expanded partnership that initially brings Salesforce data, workflows and business logic directly into Claude through a plugin with 37 prebuilt sales skills. The companies plan additional integrations across Claude, Salesforce and Slack. That said, Salesforce recorded $2.61 billion in net gains on strategic investments during the quarter, which added $2.53 per share to non-GAAP EPS.
Taken together, the two events suggest that enterprise AI adoption can increase the value and consumption of established software platforms when AI is connected to existing corporate data and workflows
#billion #software #data #quarter
Snowflake Inc. (NYSE:SNOW) boosted its fiscal 2027 product revenues target to $6.07 billion from $5.84 billion, following a 37% increase in second-quarter product revenue to $1.49 billion. CEO Sridhar Ramaswamy stated that the company's AI products accounted for around half of that growth acceleration, which ****** ysts took as implying that AI demand is increasing Snowflake's core data platform, instead of just adoption of standalone AI add-ons. UBS ****** yst Karl Keirstead said the figures, together with Palantir and Databricks' rapid growth, gave compelling proof of robust enterprise AI adoption.
Snowflake's beat rippled across enterprise software, with ServiceNow, Atlassian, Adobe, Intuit, and Salesforce, Inc. (NYSE:CRM) all up 3.5% to 6% on the same day, while the sector-wide iShares Expanded Tech-Software ETF rose 3%.
That Snowflake-driven spike was piled on top of a much bigger adjustment made by Salesforce, Inc. (NYSE:CRM) on its own. The company released its second-quarter fiscal 2027 results on August 26, a week before Snowflake Inc. (NYSE:SNOW), with revenue of $11.35 billion, up 11% year-over-year, with current remaining performance obligations up 14% to $33.5 billion and adjusted EPS of $5.90, exceeding the $3.27 consensus. Along with those results, Salesforce and Anthropic announced Claudeforce, an expanded partnership that initially brings Salesforce data, workflows and business logic directly into Claude through a plugin with 37 prebuilt sales skills. The companies plan additional integrations across Claude, Salesforce and Slack. That said, Salesforce recorded $2.61 billion in net gains on strategic investments during the quarter, which added $2.53 per share to non-GAAP EPS.
Taken together, the two events suggest that enterprise AI adoption can increase the value and consumption of established software platforms when AI is connected to existing corporate data and workflows
#billion #software #data #quarter
1 month ago
Artificial intelligence (AI) software demand is increasing at a healthy clip, which isn't surprising considering the productivity gains this technology can deliver.
A recent survey by McKinsey revealed that 80% of respondents who use AI report higher productivity, while 50% report better decision-making. Not surprisingly, the generative AI tools offered by Palantir Technologies (NASDAQ:PLTR) are in high demand, as evidenced by the company's phenomenal growth.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Palantir is one of the pioneers in AI software. The productivity gains delivered by its Artificial Intelligence Platform (AIP) are driving solid revenue and earnings growth for Palantir by helping it land bigger deals and more customers. However, Palantir stock is expensively valued, and that's one of the reasons it has lost over 4% of its value in 2026.
But the same isn't true for Snowflake (NYSE:SNOW), another AI software company whose stock price has jumped 53% this year. Let's see why that has been the case and check whether it is too late to buy this AI software specialist.
#intelligence #flashing #demand
A recent survey by McKinsey revealed that 80% of respondents who use AI report higher productivity, while 50% report better decision-making. Not surprisingly, the generative AI tools offered by Palantir Technologies (NASDAQ:PLTR) are in high demand, as evidenced by the company's phenomenal growth.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Palantir is one of the pioneers in AI software. The productivity gains delivered by its Artificial Intelligence Platform (AIP) are driving solid revenue and earnings growth for Palantir by helping it land bigger deals and more customers. However, Palantir stock is expensively valued, and that's one of the reasons it has lost over 4% of its value in 2026.
But the same isn't true for Snowflake (NYSE:SNOW), another AI software company whose stock price has jumped 53% this year. Let's see why that has been the case and check whether it is too late to buy this AI software specialist.
#intelligence #flashing #demand
1 month ago
Snowflake's (SNOW) latest earnings report gave investors plenty to celebrate. The cloud-data platform topped expectations, delivered product revenue growth of 37% year-over-year (YOY) to $1.49 billion, and raised its fiscal 2027 product revenue outlook to $6.07 billion. CEO Sridhar Ramaswamy said that artificial intelligence (AI) offerings accounted for roughly half of the company's latest growth acceleration. In the wake of the second-quarter fiscal 2027 results, shares of SNOW stock surged close to 17% on Sept. 3.
But not everyone is convinced the enthusiasm is justified. Famous investor Michael Burry has called Snowflake "very overvalued." His warning comes as Snowflake's stronger outlook raises expectations for its AI growth, customer spending, and future profitability.
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#revenue
But not everyone is convinced the enthusiasm is justified. Famous investor Michael Burry has called Snowflake "very overvalued." His warning comes as Snowflake's stronger outlook raises expectations for its AI growth, customer spending, and future profitability.
Dear Nvidia Stock Fans, Mark Your Calendars for September 10
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#revenue
1 month ago
It's just one game.
Let's keep this in mind as we start to examine the Texas Tech football team's 33-10 win over Abilene Christian. By all accounts, the game was relatively boring, a workmanlike victory for the Red Raiders to knock the cobwebs off and start anew.
Each season is a snowflake, no two ever exactly alike. However, when some problems trickle over from one season to the next, with entirely new personnel between the individual units, it's fair to wonder what the deal is.
Texas Tech operated functionally on offense, putting together back-to-back methodical drives to open the game. Rushing touchdowns by Quinten Joyner (on his first official touch as a Red Raider) and J'Koby Williams made it seem destined for another tail-whooping of the Wildcats.
While the outcome was never in question, there were no offensive fireworks until Malcolm Simmons got by an ACU defender late in the fourth for a score. Offensive coordinator Mack Leftwich called a conservative game, mixing the run with the pass and moving the ball down the field, usually without much resistance from the ACU defense. It was the small plays that wound up garnering Tech 471 yards of total offense. Only a few deep throw attempts from Will Hammond, who was more than happy to check it down to Williams as often as possible with nothing open.
#Tech #offense #open
Let's keep this in mind as we start to examine the Texas Tech football team's 33-10 win over Abilene Christian. By all accounts, the game was relatively boring, a workmanlike victory for the Red Raiders to knock the cobwebs off and start anew.
Each season is a snowflake, no two ever exactly alike. However, when some problems trickle over from one season to the next, with entirely new personnel between the individual units, it's fair to wonder what the deal is.
Texas Tech operated functionally on offense, putting together back-to-back methodical drives to open the game. Rushing touchdowns by Quinten Joyner (on his first official touch as a Red Raider) and J'Koby Williams made it seem destined for another tail-whooping of the Wildcats.
While the outcome was never in question, there were no offensive fireworks until Malcolm Simmons got by an ACU defender late in the fourth for a score. Offensive coordinator Mack Leftwich called a conservative game, mixing the run with the pass and moving the ball down the field, usually without much resistance from the ACU defense. It was the small plays that wound up garnering Tech 471 yards of total offense. Only a few deep throw attempts from Will Hammond, who was more than happy to check it down to Williams as often as possible with nothing open.
#Tech #offense #open
1 month ago
Snowflake recently delivered one of its strongest quarters in years, prompting Wall Street to take notice.
In an investor note shared with me, Morgan Stanley ***** yst Sanjit Singh raised his price target on the cloud data company to $470 from $300, keeping his "Overweight" rating intact.
Valued at a market cap of $106 billion, SNOW stock is priced at $356 at the time of writing. Over the last three years, SNOW stock has more than doubled.
A higher stock price target comes after Snowflake posted its third straight quarter of accelerating revenue growth, a trend that's rare for a company of its size.
Singh called it "an AI-powered growth flywheel that is still in the early innings."
#snowflake #snow #years #target
In an investor note shared with me, Morgan Stanley ***** yst Sanjit Singh raised his price target on the cloud data company to $470 from $300, keeping his "Overweight" rating intact.
Valued at a market cap of $106 billion, SNOW stock is priced at $356 at the time of writing. Over the last three years, SNOW stock has more than doubled.
A higher stock price target comes after Snowflake posted its third straight quarter of accelerating revenue growth, a trend that's rare for a company of its size.
Singh called it "an AI-powered growth flywheel that is still in the early innings."
#snowflake #snow #years #target
1 month ago
The Campbell's Company (CPB) reported Q4 2026 results this morning before the markets opened. Despite meeting Wall Street's revenue and earnings per share estimates, the packaged food company's shares, as I write this midday Thursday, are down by more than 10%.
If today's decline holds, Campbell's stock will be down over 25% year-to-date, 34% in the past 52 weeks, and 54% over the past five years. As a result of the implosion, CPN stock is down 67% from its July 1, 2016, all-time high of $67.89.
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#options
If today's decline holds, Campbell's stock will be down over 25% year-to-date, 34% in the past 52 weeks, and 54% over the past five years. As a result of the implosion, CPN stock is down 67% from its July 1, 2016, all-time high of $67.89.
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#options
1 month ago
U.S. stocks climbed Thursday as investors grew hopeful the Federal Reserve would leave interest rates unchanged at its next meeting, following remarks from Federal Reserve Governor Christopher Waller. The Dow Jones Industrial Average advanced 635 points, or 1.2%, according to CNBC, which noted the move would mark the index's strongest single-session performance since Aug. 4. The S&P 500 added 1% and the Nasdaq Composite climbed 1.3%.
The rally came after Federal Reserve Governor Christopher Waller said he would be inclined to support holding interest rates steady, so long as upcoming inflation data did not produce surprises. The 10-year Treasury yield fell to around 4.75% after his remarks, pulling back from its highest level since November 2023, which it had reached the day before.
The share of fed funds futures traders pricing in a rate hike at the central bank's meeting in a couple of weeks fell to 50.4% after Waller's statement, down from 63.2% a day earlier, according to CNBC, citing the CME FedWatch tool.
A rise in the ***** anese yen also contributed to the drop in Treasury yields. The yen was trading 2% stronger against the dollar at 155.36, capping a two-day run of nearly 3% that was set off by hawkish signals from a Bank of ***** an board member, according to The Wall Street Journal.
The broad S&P 500 rally included all but two of its sectors, with consumer stocks leading gains. Snowflake stock surged more than 20% after the company topped second-quarter earnings and revenue estimates and offered an upbeat outlook. Broadcom stock fell 4% after the company paired its latest quarterly results with a fiscal fourth-quarter revenue forecast that fell short of what ***** ysts had anticipated.
#waller
The rally came after Federal Reserve Governor Christopher Waller said he would be inclined to support holding interest rates steady, so long as upcoming inflation data did not produce surprises. The 10-year Treasury yield fell to around 4.75% after his remarks, pulling back from its highest level since November 2023, which it had reached the day before.
The share of fed funds futures traders pricing in a rate hike at the central bank's meeting in a couple of weeks fell to 50.4% after Waller's statement, down from 63.2% a day earlier, according to CNBC, citing the CME FedWatch tool.
A rise in the ***** anese yen also contributed to the drop in Treasury yields. The yen was trading 2% stronger against the dollar at 155.36, capping a two-day run of nearly 3% that was set off by hawkish signals from a Bank of ***** an board member, according to The Wall Street Journal.
The broad S&P 500 rally included all but two of its sectors, with consumer stocks leading gains. Snowflake stock surged more than 20% after the company topped second-quarter earnings and revenue estimates and offered an upbeat outlook. Broadcom stock fell 4% after the company paired its latest quarterly results with a fiscal fourth-quarter revenue forecast that fell short of what ***** ysts had anticipated.
#waller
1 month ago
As of 11:46 AM ET, the Nasdaq Composite (NASDAQINDEX:^IXIC) is up 1.35% to 26,572 as tech shares recover from earlier pressure. The Dow Jones Industrial Average (DJINDICES:^DJI) has climbed 1.20% to 53,699, and the S&P 500 (SNPINDEX:^GSPC) is trading 1.01% higher to 7,744 as traders eye falling Treasury yields.
Gold is up 2.34% to $4,489.99, and the 10-Year Treasury yield fell 5 basis points to 4.75%. Industrials lead sector gainers, with financial services and consumer cyclical stocks also seeing significant intraday strength as investors rotate into growth-oriented names.
Broadcom shares dropped, despite beating ******* yst expectations in yesterday's earnings. Snowflake's Q2 results were a different story: The stock soared over 20% this morning after a blowout quarter. Robinhood Markets gained following ******* yst upgrades. Nvidia gained on news that it will acquire artificial intelligence (AI) platform Hugging Face.
Major U.S. indexes gained this morning as markets reassessed the probability of a September rate hike. Federal Reserve Governor Christopher Waller said he'd lean toward holding rates steady unless there are any major inflation surprises. His stance, which seemed to contrast with Chairman Kevin Warsh's emphasis on reducing stubborn inflation, reduced some of the pressure on U.S. Treasuries.
Investors will be watching tomorrow's labor market report and further inflation data due next week closely, as both will impact the Fed committee's decision when they meet on Sept. 15 and 16. Interest rate decisions can cause short-term headwinds for the stock market, and volatility is likely to increase in the second half of this year. However, unchecked inflation can erode long-term value and do more damage to your portfolio than higher rates.
#major
Gold is up 2.34% to $4,489.99, and the 10-Year Treasury yield fell 5 basis points to 4.75%. Industrials lead sector gainers, with financial services and consumer cyclical stocks also seeing significant intraday strength as investors rotate into growth-oriented names.
Broadcom shares dropped, despite beating ******* yst expectations in yesterday's earnings. Snowflake's Q2 results were a different story: The stock soared over 20% this morning after a blowout quarter. Robinhood Markets gained following ******* yst upgrades. Nvidia gained on news that it will acquire artificial intelligence (AI) platform Hugging Face.
Major U.S. indexes gained this morning as markets reassessed the probability of a September rate hike. Federal Reserve Governor Christopher Waller said he'd lean toward holding rates steady unless there are any major inflation surprises. His stance, which seemed to contrast with Chairman Kevin Warsh's emphasis on reducing stubborn inflation, reduced some of the pressure on U.S. Treasuries.
Investors will be watching tomorrow's labor market report and further inflation data due next week closely, as both will impact the Fed committee's decision when they meet on Sept. 15 and 16. Interest rate decisions can cause short-term headwinds for the stock market, and volatility is likely to increase in the second half of this year. However, unchecked inflation can erode long-term value and do more damage to your portfolio than higher rates.
#major
1 month ago
While Texas Instruments (TXN) doesn't always get the attention it deserves when it comes to relevance for the artificial intelligence boom, the semiconductor specialist — which focuses on ******* og chips and embedded processors — remains a pivotal cornerstone entity. Year-to-date, TXN stock is up nearly 47%. However, a recent downturn may be setting up a mean-reversion play.
To be sure, the print isn't very encouraging at the moment. In the past two months, TXN stock has lost roughly 15% of equity value. At the same time, the fundamental underpinning is vital for AI applications. Because AI servers and data centers consume massive amounts of electricity (and thus run extremely hot), they require specialized ******* og chips — that's where Texas Instruments fills the gap.
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#chips #Stock
To be sure, the print isn't very encouraging at the moment. In the past two months, TXN stock has lost roughly 15% of equity value. At the same time, the fundamental underpinning is vital for AI applications. Because AI servers and data centers consume massive amounts of electricity (and thus run extremely hot), they require specialized ******* og chips — that's where Texas Instruments fills the gap.
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#chips #Stock
1 month ago
CrowdStrike (CRWD) is holding nicely above rising 50 and 200-day moving averages and is a highly rated stock among many ***** ysts.
Today, we are looking at an unbalanced iron condor, with a slightly bullish bias.
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#snowflake
Today, we are looking at an unbalanced iron condor, with a slightly bullish bias.
Unusually Heavy Volume in Snowflake Call Options Ahead of Earnings Today
Home Depot Bear Put Spread Could Return 181% in 45 Days
If You Have Some 'Silly' Money, United Microelectronics (UMC) Stock Is Worth a Look
#snowflake
1 month ago
Snowflake (NYSE:SNOW) shares rose 23.9% to $379.07 in premarket trading after the company reported fiscal second-quarter 2027 revenue and adjusted earnings above ******* yst expectations and increased its full-year product revenue guidance.
Adjusted earnings per share were $0.62, compared with the consensus estimate of $0.45. Total revenue reached $1.55 billion, above the $1.48 billion ******* yst estimate and representing a 35% increase from the prior-year period.
Product revenue was $1.49 billion, an increase of 37% year over year and the third consecutive quarter in which its growth rate accelerated.
Snowflake also reported increased adoption of its AI products. CoCo reached 9,100 customer accounts, while CoWork expanded to 5,800 accounts. According to the source material, the two products accounted for approximately half of the incremental acceleration in revenue during the quarter.
Management increased its full-year fiscal 2027 product revenue forecast to $6.07 billion from $5.84 billion.
#revenue #year #snowflake #fiscal
Adjusted earnings per share were $0.62, compared with the consensus estimate of $0.45. Total revenue reached $1.55 billion, above the $1.48 billion ******* yst estimate and representing a 35% increase from the prior-year period.
Product revenue was $1.49 billion, an increase of 37% year over year and the third consecutive quarter in which its growth rate accelerated.
Snowflake also reported increased adoption of its AI products. CoCo reached 9,100 customer accounts, while CoWork expanded to 5,800 accounts. According to the source material, the two products accounted for approximately half of the incremental acceleration in revenue during the quarter.
Management increased its full-year fiscal 2027 product revenue forecast to $6.07 billion from $5.84 billion.
#revenue #year #snowflake #fiscal
1 month ago
The Dow Jones Industrial Average (DJINDICES:^DJI) gained 0.56% to 53,062, the S&P 500 (SNPINDEX:^GSPC) rose 0.47% to 7,667, and the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.45% to 26,218, as the major indexes snapped multi-day losing streaks despite persistent geopolitical tensions.
Dell Technologies (NYSE:DELL) shares surged after the hardware giant lifted its annual revenue forecast, while Nvidia (NASDAQ:NVDA) helped lead the technology recovery.
Investors also monitored Snowflake (NYSE:SNOW) and Broadcom (NASDAQ:AVGO) as the technology firms prepared to report quarterly results after hours, following a significant year-to-date rally.
Perhaps the biggest news item today in the stock market came from Dell Technologies, which rose 16% after reporting blowout earnings. Sales and adjusted EPS rose 58% and 203% in the quarter, while its AI-Optimized Server business doubled its revenue. Most importantly, the AI unit recorded $61 billion in orders, bringing its backlog to over $95 billion and underscoring the company's growing importance in the AI **** e.
On the other hand, cybersecurity juggernaut Palo Alto Networks (NASDAQ:PANW) dropped 9% today after reporting fine (but not perfect) earnings. This decline is likely nothing for interested or current shareholders to worry about, as PANW stock was trading close to perfection after more than doubling over the last six months.
#PANW #Stock
Dell Technologies (NYSE:DELL) shares surged after the hardware giant lifted its annual revenue forecast, while Nvidia (NASDAQ:NVDA) helped lead the technology recovery.
Investors also monitored Snowflake (NYSE:SNOW) and Broadcom (NASDAQ:AVGO) as the technology firms prepared to report quarterly results after hours, following a significant year-to-date rally.
Perhaps the biggest news item today in the stock market came from Dell Technologies, which rose 16% after reporting blowout earnings. Sales and adjusted EPS rose 58% and 203% in the quarter, while its AI-Optimized Server business doubled its revenue. Most importantly, the AI unit recorded $61 billion in orders, bringing its backlog to over $95 billion and underscoring the company's growing importance in the AI **** e.
On the other hand, cybersecurity juggernaut Palo Alto Networks (NASDAQ:PANW) dropped 9% today after reporting fine (but not perfect) earnings. This decline is likely nothing for interested or current shareholders to worry about, as PANW stock was trading close to perfection after more than doubling over the last six months.
#PANW #Stock
1 month ago
Snowflake Inc. (SNOW) call options saw unusually heavy volume today at a strike price higher than today's price and expiring in 9 days. That could signal either bullish sentiment or existing investors selling covered calls for extra income.
SNOW is trading at $306.92 in midday trading, down about 4% on the day. It's off from a recent peak of $337.38 on Aug. 13, but well up from a recent trough of $265.13 on July 23.
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#snow #call #volume #trading
SNOW is trading at $306.92 in midday trading, down about 4% on the day. It's off from a recent peak of $337.38 on Aug. 13, but well up from a recent trough of $265.13 on July 23.
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#snow #call #volume #trading
1 month ago
US stock futures were mixed after three days of declines as investors took stock of tensions in the Middle East and earnings from tech companies like Broadcom (AVGO) and Snowflake (SNOW).
Futures on the Dow Jones Industrial Average (YM=F) rose 0.2%, while those on the S&P 500 (ES=F) were little changed. Contracts for the Nasdaq-100 (NQ=F) edged below the flat line after stocks snapped their losing streak.
Stocks regrouped as oil prices edged lower, though Brent (BZ=F) crude oil futures remained above $95 per barrel. On Wednesday, President Trump said the US carried out a "very heavy attack" against Iran but also stated that the attack wouldn't take "too long."
While the reinflamed war in the Middle East has kept the spotlight on inflation, more attention is turning to the labor market, as a lineup of economic data releases sets the stage for Friday's jobs report.
On Thursday morning, outplacement firm Challenger, Gray & Christmas reported a slower pace of layoff announcements in August in the latest sign of a "low hire, low fire" labor market. That data will be coupled with Bureau of Labor Statistics figures on how many Americans filed unemployment benefit applications last week.
#labor #edged #market
Futures on the Dow Jones Industrial Average (YM=F) rose 0.2%, while those on the S&P 500 (ES=F) were little changed. Contracts for the Nasdaq-100 (NQ=F) edged below the flat line after stocks snapped their losing streak.
Stocks regrouped as oil prices edged lower, though Brent (BZ=F) crude oil futures remained above $95 per barrel. On Wednesday, President Trump said the US carried out a "very heavy attack" against Iran but also stated that the attack wouldn't take "too long."
While the reinflamed war in the Middle East has kept the spotlight on inflation, more attention is turning to the labor market, as a lineup of economic data releases sets the stage for Friday's jobs report.
On Thursday morning, outplacement firm Challenger, Gray & Christmas reported a slower pace of layoff announcements in August in the latest sign of a "low hire, low fire" labor market. That data will be coupled with Bureau of Labor Statistics figures on how many Americans filed unemployment benefit applications last week.
#labor #edged #market
1 month ago
Snowflake (NYSE:SNOW) is all set to report its fiscal second-quarter 2027 earnings on Wednesday, September 2. The stock has a history of exceeding Wall Street expectations, and investors also seem positively hyped around the data and ******* ytics software segment this time around.
On August 31, Cantor Fitzgerald ******* yst Thomas Blakey raised the price target on Snowflake Inc. (NYSE: SNOW) to $405.00 (from $282.00) while maintaining an Overweight rating. The firm believes Snowflake will experience another beat this quarter, and while this may sound bullish, it isn't really so when the beat is likely to be narrower than last quarter.
Image by drobotdean on Freepik
Snowflake had a strong start for fiscal 2027, with product revenue up 34% year-over-year (YoY) to $1.3 billion, while net revenue retention (or NRR) reached 126% as of Q1. Artificial Intelligence was a big part of SNOW's revenue, helping push product revenue up 34% year-over-year.
Snowflake's AI capabilities were being used by more than 13,600 accounts, while Cortex Code was being used by around 7100 accounts. Snowflake's CoCo, or Cortex Code, is the company's AI coding agent for data teams. The tool launched back in November 2025 and has since added more than 4,000 users.
#snowflake
On August 31, Cantor Fitzgerald ******* yst Thomas Blakey raised the price target on Snowflake Inc. (NYSE: SNOW) to $405.00 (from $282.00) while maintaining an Overweight rating. The firm believes Snowflake will experience another beat this quarter, and while this may sound bullish, it isn't really so when the beat is likely to be narrower than last quarter.
Image by drobotdean on Freepik
Snowflake had a strong start for fiscal 2027, with product revenue up 34% year-over-year (YoY) to $1.3 billion, while net revenue retention (or NRR) reached 126% as of Q1. Artificial Intelligence was a big part of SNOW's revenue, helping push product revenue up 34% year-over-year.
Snowflake's AI capabilities were being used by more than 13,600 accounts, while Cortex Code was being used by around 7100 accounts. Snowflake's CoCo, or Cortex Code, is the company's AI coding agent for data teams. The tool launched back in November 2025 and has since added more than 4,000 users.
#snowflake
1 month ago
Snowflake is due to report earnings Wednesday afternoon, with the cloud database software provider's stock seen swinging up to 10.5% in either direction by the end of the week.
Wall Street **** ysts expect another solid quarter of growth from Snowflake.
Snowflake is set to report its latest quarterly results after the closing bell on Wednesday, with the cloud database software provider's stock seen potentially rising to a fresh five-year high following the results.
Based on current options pricing, Snowflake (SNOW) shares are expected to swing up to 10.5% in either direction by the end of the week. A move of that size from Monday's close could lift the stock to $361, which would be its highest point since late 2021, or drag it below $297, giving back some of its recent gains.
Snowflake shares have added about half of their value since the start of the year as investors have bought into the company's AI vision. Back in May, shares rallied more than 35% in a single session following stronger-than-expected results, a raised outlook, and $6 billion deal with Amazon (AMZN).
#shares #cloud #software
Wall Street **** ysts expect another solid quarter of growth from Snowflake.
Snowflake is set to report its latest quarterly results after the closing bell on Wednesday, with the cloud database software provider's stock seen potentially rising to a fresh five-year high following the results.
Based on current options pricing, Snowflake (SNOW) shares are expected to swing up to 10.5% in either direction by the end of the week. A move of that size from Monday's close could lift the stock to $361, which would be its highest point since late 2021, or drag it below $297, giving back some of its recent gains.
Snowflake shares have added about half of their value since the start of the year as investors have bought into the company's AI vision. Back in May, shares rallied more than 35% in a single session following stronger-than-expected results, a raised outlook, and $6 billion deal with Amazon (AMZN).
#shares #cloud #software
1 month ago
Snowflake (SNOW) is a cloud data platform company that helps businesses store, ***** yze, and increasingly use their data to power AI applications and workflows. The company had a strong start to fiscal 2027, with product revenue up 34% year-over-year (YoY) to $1.3 billion, while net revenue retention (or NRR) reached 126% in Q1. However, this performance has pushed the stock up 48% year-to-date (YTD), setting a very high bar for Q2, which Snowflake will release on Sept. 2.
Here are three numbers investors should watch in the Q2 report before buying SNOW stock.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
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Wu-Tang Clan Member Raekwon Is a Palantir 'OG,' Visiting Headquarters 16 Years After Receiving His Custom PLTR Jacket
#Stock #fans #billion #data
Here are three numbers investors should watch in the Q2 report before buying SNOW stock.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR
Wu-Tang Clan Member Raekwon Is a Palantir 'OG,' Visiting Headquarters 16 Years After Receiving His Custom PLTR Jacket
#Stock #fans #billion #data
1 month ago
Interested in Snowflake Inc.? Here are five stocks we like better.
Despite a 50% year-to-date gain and mostly bullish **** yst ratings, Snowflake remains one of the market's most heavily shorted stocks, with short interest valued at $6.18 billion.
Snowflake continues to post GAAP net losses, including $1.33 billion in fiscal 2026, while heavy stock-based compensation and insider selling raise concerns about shareholder dilution.
Bulls point to Snowflake's strong Q1 FY2027 earnings beat, record 126% net revenue retention, growing AI adoption, and rising institutional investment as reasons for long-term optimism.
Establishing fair market value in 2026 has become a tricky proposition. That is particularly true of pre-profit, high-flying tech stocks.
#interested #Bulls #fy2027 #establishing
Despite a 50% year-to-date gain and mostly bullish **** yst ratings, Snowflake remains one of the market's most heavily shorted stocks, with short interest valued at $6.18 billion.
Snowflake continues to post GAAP net losses, including $1.33 billion in fiscal 2026, while heavy stock-based compensation and insider selling raise concerns about shareholder dilution.
Bulls point to Snowflake's strong Q1 FY2027 earnings beat, record 126% net revenue retention, growing AI adoption, and rising institutional investment as reasons for long-term optimism.
Establishing fair market value in 2026 has become a tricky proposition. That is particularly true of pre-profit, high-flying tech stocks.
#interested #Bulls #fy2027 #establishing
2 months ago
Brad Gerstner of Altimeter Capital is known for his AI tech investing, while Cathie Wood is known for her aggressive growth investing across different sectors. The latest 13F filings for the second quarter show that there are two stocks common in their portfolios: Snowflake (NYSE:SNOW) and Robinhood (NASDAQ:HOOD).
Gerstner holds a large stake of 1.9 million shares in Snowflake, making it 4.99% of his portfolio. Wood opened a new position in the company with 269,539 shares.
On Robinhood, the two moved in opposite directions, but both stayed in. Gerstner held his position steady at 899,691 shares, about 0.92% of his portfolio. Wood trimmed hers by 13% to roughly 5.24 million shares, though Robinhood remains one of her larger holdings at 3.41%.
For this article, we will **** yze Snowflake in detail.
Cathie Wood of ARK Investment Management
#gerstner #robinhood #million #Portfolio
Gerstner holds a large stake of 1.9 million shares in Snowflake, making it 4.99% of his portfolio. Wood opened a new position in the company with 269,539 shares.
On Robinhood, the two moved in opposite directions, but both stayed in. Gerstner held his position steady at 899,691 shares, about 0.92% of his portfolio. Wood trimmed hers by 13% to roughly 5.24 million shares, though Robinhood remains one of her larger holdings at 3.41%.
For this article, we will **** yze Snowflake in detail.
Cathie Wood of ARK Investment Management
#gerstner #robinhood #million #Portfolio
2 months ago
SNOW is up 47% YTD near its 52-week high as AI agents continuously burn compute credits on Snowflake's consumption-based platform.
SNOW has outpaced SPY by 35 points YTD, but its 169x forward multiple means a guidance raise matters more than another EPS beat.
A $6 billion AWS commitment supports Snowflake's 75% gross-margin target if AI workloads scale but creates cash-flow drag if adoption stalls.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Snowflake didn't make the cut. Grab the names FREE today.
Snowflake (NYSE:SNOW) reports its next quarter on Wednesday, September 2, 2026, after the market closes, and the stock walks in hot. Shares closed at $322.78 on Monday, just under the 52-week high of $341.95 and up 47.15% year to date, compared with the S&P 500's 11.96%.
#high #NVIDIA
SNOW has outpaced SPY by 35 points YTD, but its 169x forward multiple means a guidance raise matters more than another EPS beat.
A $6 billion AWS commitment supports Snowflake's 75% gross-margin target if AI workloads scale but creates cash-flow drag if adoption stalls.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Snowflake didn't make the cut. Grab the names FREE today.
Snowflake (NYSE:SNOW) reports its next quarter on Wednesday, September 2, 2026, after the market closes, and the stock walks in hot. Shares closed at $322.78 on Monday, just under the 52-week high of $341.95 and up 47.15% year to date, compared with the S&P 500's 11.96%.
#high #NVIDIA
2 months ago
Brad Gerstner of Altimeter Capital is known for his AI tech investing, while Cathie Wood is known for her aggressive growth investing across different sectors. The latest 13F filings for the second quarter show that there are two stocks common in their portfolios: Snowflake (NYSE:SNOW) and Robinhood (NASDAQ:HOOD).
Gerstner holds a large stake of 1.9 million shares in Snowflake, making it 4.99% of his portfolio. Wood opened a new position in the company with 269,539 shares.
On Robinhood, the two moved in opposite directions, but both stayed in. Gerstner held his position steady at 899,691 shares, about 0.92% of his portfolio. Wood trimmed hers by 13% to roughly 5.24 million shares, though Robinhood remains one of her larger holdings at 3.41%.
For this article, we will ******* yze Snowflake in detail.
Cathie Wood of ARK Investment Management
#wood
Gerstner holds a large stake of 1.9 million shares in Snowflake, making it 4.99% of his portfolio. Wood opened a new position in the company with 269,539 shares.
On Robinhood, the two moved in opposite directions, but both stayed in. Gerstner held his position steady at 899,691 shares, about 0.92% of his portfolio. Wood trimmed hers by 13% to roughly 5.24 million shares, though Robinhood remains one of her larger holdings at 3.41%.
For this article, we will ******* yze Snowflake in detail.
Cathie Wood of ARK Investment Management
#wood
2 months ago
Snowflake (NYSE:SNOW) is heading into its September 2 earnings report with a strong growth narrative. Prior to earnings, on August 20, TD Cowen raised its price target on the stock to $370 from $300 while maintaining a Buy rating.
The firm is not alone, Deutsche Bank, Truist, Bofa, and UBS have all raised their targets recently. Almost everyone is talking about Cortex Code, an AI-powered coding agent built directly into the Snowflake data cloud.
Branded as CoCo, the AI coding tool has driven Snowflake's best sequential growth in its history. We know that AI is improving Snowflake's growth story, but how much of the improvement is already priced in?
For the first quarter of fiscal 2027, Snowflake achieved revenue of $1.39 billion, representing 33% year-over-year growth. According to CEO Sridhar Ramaswamy, the milestone quarter reported product revenue of $1.33 billion, up 34% year-over-year, marking the strongest sequential dollar growth in company history.
Remaining performance obligations were $9.21 billion, representing 38% year-over-year growth. Cortex Code and Snowflake Intelligence, in particular, are becoming central for Snowflake's vision of the Agentic Enterprise.
#code #raised
The firm is not alone, Deutsche Bank, Truist, Bofa, and UBS have all raised their targets recently. Almost everyone is talking about Cortex Code, an AI-powered coding agent built directly into the Snowflake data cloud.
Branded as CoCo, the AI coding tool has driven Snowflake's best sequential growth in its history. We know that AI is improving Snowflake's growth story, but how much of the improvement is already priced in?
For the first quarter of fiscal 2027, Snowflake achieved revenue of $1.39 billion, representing 33% year-over-year growth. According to CEO Sridhar Ramaswamy, the milestone quarter reported product revenue of $1.33 billion, up 34% year-over-year, marking the strongest sequential dollar growth in company history.
Remaining performance obligations were $9.21 billion, representing 38% year-over-year growth. Cortex Code and Snowflake Intelligence, in particular, are becoming central for Snowflake's vision of the Agentic Enterprise.
#code #raised
2 months ago
The software sector has faced plenty of uncertainty in 2026, from shifting enterprise spending priorities to concerns over artificial intelligence (AI)-driven disruption. Yet some institutional investors are using the volatility to build positions in companies they believe can remain long-term winners. Whale Rock Capital Management is one such investor, and its latest quarterly portfolio disclosure offers an interesting glimpse into where the hedge fund sees opportunity.
According to its Q2 2026 13F filing, Whale Rock initiated fresh stakes in Snowflake (SNOW) and Twilio (TWLO), signaling renewed conviction in two software companies with exposure to powerful trends in cloud data and customer engagement.
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#rock #Companies #capital #snow
According to its Q2 2026 13F filing, Whale Rock initiated fresh stakes in Snowflake (SNOW) and Twilio (TWLO), signaling renewed conviction in two software companies with exposure to powerful trends in cloud data and customer engagement.
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#rock #Companies #capital #snow
2 months ago
Former Tampa Bay Buccaneers head coach Jon Gruden made his return to the broadcast booth on Saturday night. The Buccaneers hosted the Kansas City Chiefs in a preseason matchup, with Gruden joining the booth for the home team's WFLA-TV broadcast.
The former football coach and longtime media personality's return to a broadcast booth was met with widespread approval over the weekend.
Gruden spent nearly a decade in ESPN's Monday Night Football booth and became one of the network's most recognizable and popular football broadcasters. His latest appearance represented his first major live booth ****** ignment since leaving ESPN's MNF after the 2017 season to return to the sidelines as the Oakland Raiders' head coach.
NFL fans quickly embraced Gruden's return to the commentary booth during the Bucs-Chiefs preseason broadcast.
"Jon Gruden needs to get back in the booth," one fan wrote.
#Football #night
The former football coach and longtime media personality's return to a broadcast booth was met with widespread approval over the weekend.
Gruden spent nearly a decade in ESPN's Monday Night Football booth and became one of the network's most recognizable and popular football broadcasters. His latest appearance represented his first major live booth ****** ignment since leaving ESPN's MNF after the 2017 season to return to the sidelines as the Oakland Raiders' head coach.
NFL fans quickly embraced Gruden's return to the commentary booth during the Bucs-Chiefs preseason broadcast.
"Jon Gruden needs to get back in the booth," one fan wrote.
#Football #night
2 months ago
Snowflake (NYSE:SNOW) is heading into its September 2 earnings report with a strong growth narrative. Prior to earnings, on August 20, TD Cowen raised its price target on the stock to $370 from $300 while maintaining a Buy rating.
The firm is not alone, Deutsche Bank, Truist, Bofa, and UBS have all raised their targets recently. Almost everyone is talking about Cortex Code, an AI-powered coding agent built directly into the Snowflake data cloud.
Branded as CoCo, the AI coding tool has driven Snowflake's best sequential growth in its history. We know that AI is improving Snowflake's growth story, but how much of the improvement is already priced in?
For the first quarter of fiscal 2027, Snowflake achieved revenue of $1.39 billion, representing 33% year-over-year growth. According to CEO Sridhar Ramaswamy, the milestone quarter reported product revenue of $1.33 billion, up 34% year-over-year, marking the strongest sequential dollar growth in company history.
Remaining performance obligations were $9.21 billion, representing 38% year-over-year growth. Cortex Code and Snowflake Intelligence, in particular, are becoming central for Snowflake's vision of the Agentic Enterprise.
#cortex #raised #sequential
The firm is not alone, Deutsche Bank, Truist, Bofa, and UBS have all raised their targets recently. Almost everyone is talking about Cortex Code, an AI-powered coding agent built directly into the Snowflake data cloud.
Branded as CoCo, the AI coding tool has driven Snowflake's best sequential growth in its history. We know that AI is improving Snowflake's growth story, but how much of the improvement is already priced in?
For the first quarter of fiscal 2027, Snowflake achieved revenue of $1.39 billion, representing 33% year-over-year growth. According to CEO Sridhar Ramaswamy, the milestone quarter reported product revenue of $1.33 billion, up 34% year-over-year, marking the strongest sequential dollar growth in company history.
Remaining performance obligations were $9.21 billion, representing 38% year-over-year growth. Cortex Code and Snowflake Intelligence, in particular, are becoming central for Snowflake's vision of the Agentic Enterprise.
#cortex #raised #sequential
2 months ago
The Tampa Bay Buccaneers get their first preseason game at Raymond James Stadium on Saturday night when they host the Kansas City Chiefs. As the regular season approaches, the second preseason game gives Tampa Bay another chance to evaluate its roster before cuts in a few weeks.
The game is scheduled to kick off at 7:30 p.m. ET, but where you can watch it depends on where you live. This isn't one of the preseason matchups being carried live nationally by NFL Network, so local broadcasts and streaming options will be the primary ways to follow the Bucs.
Fans in the Tampa Bay television market can find the game on WFLA-TV, NBC 8. The Buccaneers have used WFLA for their preseason broadcasts, and Saturday's matchup will once again be available through the station.
For those in the Kansas City market, KSHB 41 carries the Chiefs' local preseason coverage. That means fans with cable, an antenna, or a live-TV streaming service that includes the appropriate local station should be able to watch without needing a separate national broadcast.
Fans outside the two local markets also have options. NFL+ provides access to live out-of-market preseason games, giving Bucs fans elsewhere a way to follow preseason action. Tampa Bay also makes its live preseason broadcasts available through Buccaneers.com and the Buccaneers app for viewers within the team's local market.
#fans #broadcasts #kansas
The game is scheduled to kick off at 7:30 p.m. ET, but where you can watch it depends on where you live. This isn't one of the preseason matchups being carried live nationally by NFL Network, so local broadcasts and streaming options will be the primary ways to follow the Bucs.
Fans in the Tampa Bay television market can find the game on WFLA-TV, NBC 8. The Buccaneers have used WFLA for their preseason broadcasts, and Saturday's matchup will once again be available through the station.
For those in the Kansas City market, KSHB 41 carries the Chiefs' local preseason coverage. That means fans with cable, an antenna, or a live-TV streaming service that includes the appropriate local station should be able to watch without needing a separate national broadcast.
Fans outside the two local markets also have options. NFL+ provides access to live out-of-market preseason games, giving Bucs fans elsewhere a way to follow preseason action. Tampa Bay also makes its live preseason broadcasts available through Buccaneers.com and the Buccaneers app for viewers within the team's local market.
#fans #broadcasts #kansas
2 months ago
Snowflake (SNOW) stock has already delivered a powerful rally in 2026, but Oppenheimer believes the data cloud company still has plenty of room to run. The firm raised its price target to $400 from $295 while maintaining an "Outperform" rating, representing a roughly 36% increase in its target.
The bullish call comes as Oppenheimer sees stronger consumption trends across regions and industries, along with accelerating adoption of Snowflake's AI coding agent, CoCo. For a company whose revenue depends heavily on how much customers use its platform, that is an important development.
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#oppenheimer
The bullish call comes as Oppenheimer sees stronger consumption trends across regions and industries, along with accelerating adoption of Snowflake's AI coding agent, CoCo. For a company whose revenue depends heavily on how much customers use its platform, that is an important development.
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#oppenheimer
2 months ago
Networking equipment and software provider Arista Networks, Inc. (NYSE:ANET) is one of Cramer's favorite stocks. In fact, as far back as February 2025, the CNBC TV host remarked that going against Arista Networks, Inc. (NYSE:ANET) and its CEO meant an "invitation to your funeral." The shares are up by 49% over the past year and by 52% year-to-date. Over the month, they are up by 11.5% and closed 3.6% higher on August 5th, the day after Arista Networks, Inc. (NYSE:ANET)'s second quarter earnings report. Yet, as the shares dipped on the 6th, Cramer called the move profit taking:
"I was talking to Jayshree Ullal yesterday, for ANET, which is just a fantastic company, had an amazing quarter. And she's on the board of Snowflake. And I just said, no one noticed that Snowflake just goes up and up and up. That's the kind of thing that is coming up for profit taking taking today. As is ANET. As is Arista. And I just say, okay, wait a second, this is a take your breath moment. These companies are all doing really, really well. Or they have, like the long term agreement kind of thing with Western Digital. This is a profit taking thing, Carl. And I think that this is blessed. You want this."
Arista Networks, Inc. (NYSE:ANET) reported $3.04 billion in revenue and $1.02 in earnings per share for its second quarter and beat ***** yst estimates for both. The firm's third quarter revenue forecast of $3.3 billion also beat the estimates. With Arista Networks, Inc. (NYSE:ANET) counting tech giant such as Microsoft and Amazon, the healthy results indicated the strength of the ongoing AI buildout. The strength of the buildout and the firm's role in it is also key to the investment debate. With Arista Networks, Inc. (NYSE:ANET)'s competency in Ethernet networks, a faster switch to the technology can help the firm. Additionally, the firm also benefits from strong margins (63.4% non-GAAP gross margin in Q2) courtesy of its software model. Yet, at the same time, the fact that Arista Networks, Inc. (NYSE:ANET) relies on a few big-tech customers, which might switch to custom products creates risk that might not be reflected through the forward P/E of 46.73.
Snowflake Inc. (NYSE:SNOW), on the other hand, is a classic software-as-a-service (SaaS) firm. It enables data management and warehousing. Its data business benefits the firm in today's AI era, as it enables users to use their own data to create AI models. Consequently, Snowflake Inc. (NYSE:SNOW)'s net revenue retention (NRR) was 126% in its FY27Q1. Additionally, the firm had 779 customers with trailing 12-month product revenue greater than $1 million in the same quarter. While these figures point towards a robust business, if spending slows due to concerns about AI's returns or if platforms such as DataBricks and Google's BigQuery step up competition, the firm could struggle. For a firm with a forward. P/E of 169, there's little room for error.
#software
"I was talking to Jayshree Ullal yesterday, for ANET, which is just a fantastic company, had an amazing quarter. And she's on the board of Snowflake. And I just said, no one noticed that Snowflake just goes up and up and up. That's the kind of thing that is coming up for profit taking taking today. As is ANET. As is Arista. And I just say, okay, wait a second, this is a take your breath moment. These companies are all doing really, really well. Or they have, like the long term agreement kind of thing with Western Digital. This is a profit taking thing, Carl. And I think that this is blessed. You want this."
Arista Networks, Inc. (NYSE:ANET) reported $3.04 billion in revenue and $1.02 in earnings per share for its second quarter and beat ***** yst estimates for both. The firm's third quarter revenue forecast of $3.3 billion also beat the estimates. With Arista Networks, Inc. (NYSE:ANET) counting tech giant such as Microsoft and Amazon, the healthy results indicated the strength of the ongoing AI buildout. The strength of the buildout and the firm's role in it is also key to the investment debate. With Arista Networks, Inc. (NYSE:ANET)'s competency in Ethernet networks, a faster switch to the technology can help the firm. Additionally, the firm also benefits from strong margins (63.4% non-GAAP gross margin in Q2) courtesy of its software model. Yet, at the same time, the fact that Arista Networks, Inc. (NYSE:ANET) relies on a few big-tech customers, which might switch to custom products creates risk that might not be reflected through the forward P/E of 46.73.
Snowflake Inc. (NYSE:SNOW), on the other hand, is a classic software-as-a-service (SaaS) firm. It enables data management and warehousing. Its data business benefits the firm in today's AI era, as it enables users to use their own data to create AI models. Consequently, Snowflake Inc. (NYSE:SNOW)'s net revenue retention (NRR) was 126% in its FY27Q1. Additionally, the firm had 779 customers with trailing 12-month product revenue greater than $1 million in the same quarter. While these figures point towards a robust business, if spending slows due to concerns about AI's returns or if platforms such as DataBricks and Google's BigQuery step up competition, the firm could struggle. For a firm with a forward. P/E of 169, there's little room for error.
#software
2 months ago
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Private software giant Databricks is now worth $190 billion thanks to a new funding round. The valuation jump is good news for early backers of the Snowflake (NYSE:SNOW) competitor, which includes Nancy Pelosi, NVIDIA Corporation (NASDAQ:NVDA) and Cathie Wood.
Former Speaker of the House Nancy Pelosi (D-Calif.) disclosed a holding in Databricks via Forge Investments on March 4, 2024. The investment, made by her husband and venture capitalist Paul Pelosi, was listed as being in a range of $1 million to $5 million.
The Forge Investments website shows a value of $73.50 per share for Databricks and a $43.4 billion valuation for the September 2023 funding round, and, in 2024, around the time the Pelosis invested.
While the exact valuation of the Pelosis' investment is unknown, the stake was likely made near the $43 billion mark.
#valuation #Investments #pelosis #round
Private software giant Databricks is now worth $190 billion thanks to a new funding round. The valuation jump is good news for early backers of the Snowflake (NYSE:SNOW) competitor, which includes Nancy Pelosi, NVIDIA Corporation (NASDAQ:NVDA) and Cathie Wood.
Former Speaker of the House Nancy Pelosi (D-Calif.) disclosed a holding in Databricks via Forge Investments on March 4, 2024. The investment, made by her husband and venture capitalist Paul Pelosi, was listed as being in a range of $1 million to $5 million.
The Forge Investments website shows a value of $73.50 per share for Databricks and a $43.4 billion valuation for the September 2023 funding round, and, in 2024, around the time the Pelosis invested.
While the exact valuation of the Pelosis' investment is unknown, the stake was likely made near the $43 billion mark.
#valuation #Investments #pelosis #round
