snowflake
Enterprise software maker Snowflake has notched a three-month gain of 28.85%, far outpacing the S&P 500’s return of 9.32%.In its recent earnings call, management acknowledged a challenging economic environment but emphasized a focus on generating free cash flow.Some analysts maintained their “buy” ratings even while decreasing their price targets on the stock.5 stocks we like better than SnowflakeEnterprise software maker Snowflake Inc. (NYSE: SNOW) has notched a three-month gain of 28.85%, far outpacing the S&P 500’s return of 9.32%. With a market capitalization of $52 billion, Montana-based ...
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Snowflake quickly rose to one of the most expensive IPOs in its sectorThe cloud computing industry is slowing but the long-term outlook is positiveSNOW has fallen quite a bit but is still strong and should recoverCloud computing investors will be cautiously waiting for Snowflake, Inc. (NYSE:SNOW) to post their most recent earnings results, later this week. This could help to clarify what to expect from cloud computing growth moving forward, especially in anticipation of other, larger firms, who will not report again until early next year. Q3 2022 hedge fund letters, conferences and more Find A...
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Snowflake (NYSE:SNOW) reported earnings after-hours on 24 August. Shares soared over 18% after-hours as better-than-expected results played strongly into investor sentiment. Revenue surged by 83% to $497 million. The revenue retention rate came in at 171% meanwhile customers grew to 6800, indicating an 8% expansion from the first quarter. The stock is down 58% from its high. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorSnowflake’s business model continued to show strong quarterly results as product revenue continued to see significant uptake from consumers...
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Many people were ready to flush 2020 down the toilet after the novel coronavirus (COVID-19) global pandemic dominated the daily headlines, but panic eventually turned into optimism. With last year and a new year celebration now behind us, the annual tradition of creating a New Year’s resolution to better one’s life will be a challenge for many in 2021. Why? Well, from a financial perspective, the stock market, as measured by the S&P 500 index, finished the year at another mind-boggling, all-time record high (+16% for the year), making 2020 a tough act to follow. Q3 2020 hedge fund letters, con...
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During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed What To Do If Value Sucks For The Next 10 Years. Here’s an excerpt from the episode: Q3 2020 hedge fund letters, conferences and more What To Do If Value Sucks For The Next 10 YearsTobias: It’s a good one for you, Jake. What do we do if value sucks for the next 10 years? Keep the number for that truck driving school. Jake: Yeah, here’s the thing. I’m sure I will regret these words later. I think you’ve already gotten most of your returns for the next 10 years, if you’re an index investor, if...
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Commenting on the final deadline for a brexit deal and today’s trading Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more Stocks React To COVID HeadlinesStocks continue to react to the latest COVID headlines in a bullish fashion, confirming the strong buying pressure on the Street. Investors had plenty of short-term ‘excuses’ to get out of risk assets this week, but today’s rally confirmed that there are still more players accumulating stocks thanks to the improving long-term economic outlook. The key sectors continue to diverge in the hectic environmen...
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The year has had its share of tech initial public offerings, and usually, these tech stocks soar after their IPO. Snowflake Inc (NYSE:SNOW) surged past its IPO price of $120, although since then, it has been range-bound in the $240 to $250 area. Plenty of experts are touting other software stocks instead of Snowflake, so does that mean it’s fully valued? Analyst commentary on the company is mixed.Q3 2020 hedge fund letters, conferences and moreAt least nine analysts initiated coverage of Snowflake Inc with the equivalent of a buy rating, while at least seven initiated with the equivalent of a ...
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The biggest software IPO is officially in the books. Two weeks ago, in one of the most hyped events of the year, Snowflake (SNOW) went public.Q2 2020 hedge fund letters, conferences and moreSnowflake is a data warehousing company. It helps companies better access and make sense of their data. We’ve been “stalking” Snowflake for over a year. And yet, we held off from recommending it to our readers.There’s nothing wrong with Snowflake’s business. In fact, it’s a phenomenal company. Its customers include some of the world’s most cutting-edge companies, including Adobe (ADBE), Square (SQ), DocuSig...
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Whitney Tilson’s email to investors discussing Warren Buffett investing roughly $600 million in the upcoming IPO of Snowflake.Q2 2020 hedge fund letters, conferences and moreWarren Buffett Investing In Snowflake IPOIn light of Warren Buffett's lifelong aversion to both initial public offerings ("IPOs") and tech stocks, I was surprised to see that Berkshire Hathaway (BRK-B) is investing roughly $600 million as part of the upcoming IPO of Snowflake, a fast-growing cloud-software and data-warehousing company.Is Buffett, who just turned 90, losing his marbles?I think not – for the simple reason th...
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