Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

SNOWFLAKE INC.

(SNOW)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Snowflake Shares Down 3.7% After Investor-Day Presentation

06/11/2021 | 02:49pm EDT

By Michael Dabaie

Snowflake Inc. shares were down 3.7% to $239.58 in afternoon trading after the company outlined a fiscal 2029 outlook for $10 billion in product revenue.

The cloud data warehousing software company said Thursday at its investor-day presentation that it has a longer-term outlook of $10 billion in product revenue, as well as 10%-plus operating margin.

Mizuho Securities USA said in a note that the company didn't update its total addressable market to incorporate the data-cloud opportunity, saying "while SNOW reiterated that its Data Cloud opportunity (encompassing data sharing/network effects) is 'significantly larger' than its TAM, it didn't quantify this yesterday, with mgmt stating that it remains immeasurable."

The firm noted that Snowflake had risen in the run-up to the investors day.

"While some investors were likely hoping for more...it's important to note the shares recently had a strong rebound...and expectations had likely risen into the event," Mizuho said.

Concerning the long-term targets, Truist Securities said: "We see this trajectory as in-line with our base case model and believe that there could be upside to estimates."

Stifel pointed to the company's data-platform and pricing model.

"Net/net, we believe Snowflake's disruptive data-platform and pricing model, coupled with workload and usage secular-growth, should generate sizable new logos gains and strong up-sell/cross-sell activity, yielding 50%+ top-line growth in coming years. Given recent success and growth opportunities, we expect Snowflake to remain in investment mode for the foreseeable future, although we believe there will be ample leverage in the model over time," Stifel said in an analyst note.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

06-11-21 1448ET

All news about SNOWFLAKE INC.
07/22360Science Announces Snowflake Integration
CI
07/19INSIDER TRENDS : 90-Day Insider Selling Trend Prolonged at Intrawest Resorts Hol..
MT
07/19CleanChoice Energy Has Partners with Snowflake to Increase Consumer Access to..
CI
07/16WhizAI Partners With Snowflake To Combine Augmented Analytics With Scalabilit..
CI
07/14SNOWFLAKE : Announces Support of Unified ID 2.0
BU
07/14Snowflake Announces Support of Unified ID 2.0
CI
07/13SNOWFLAKE INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
07/13Arcesium Enters into Partnership with Snowflake
CI
07/12SNOWFLAKE : Monness Crespi & Hardt Initiates Snowflake at Neutral Rating
MT
06/22SNOWFLAKE : Wraps Up Biggest Virtual Global User Conference, Spotlights New Inno..
BU
More news
Financials (USD)
Sales 2022 1 116 M - -
Net income 2022 -811 M - -
Net cash 2022 2 963 M - -
P/E ratio 2022 -99,4x
Yield 2022 -
Capitalization 78 450 M 78 450 M -
EV / Sales 2022 67,7x
EV / Sales 2023 41,5x
Nbr of Employees 2 931
Free-Float 94,9%
Chart SNOWFLAKE INC.
Duration : Period :
Snowflake Inc. Technical Analysis Chart | SNOW | US8334451098 | MarketScreener
Technical analysis trends SNOWFLAKE INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 264,92 $
Average target price 289,63 $
Spread / Average Target 9,33%
EPS Revisions
Managers and Directors
Frank Slootman Chairman & Chief Executive Officer
Michael P. Scarpelli Chief Financial Officer
Thierry Cruanes Chief Technology Officer
Sunny Bedi Chief Information Officer
Mike L. Speiser Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SNOWFLAKE INC.-5.86%73 170
ACCENTURE PLC21.99%186 855
TATA CONSULTANCY SERVICES LTD.12.23%168 660
INTERNATIONAL BUSINESS MACHINES CORPORATION12.28%131 205
INFOSYS LIMITED26.65%90 140
AUTOMATIC DATA PROCESSING, INC.16.96%83 980