How have Snowflake’s earnings been last quarter?
In the Snowflake news, it has been revealed that the earnings per share in this company have been $0.08 for the first quarter. Thus, they have been able to exceed the estimates of some analysts.
Similarly, the company had considerable revenue during the previous quarter. These revenues have been $422.37 million, while analyst estimates were $413.01 million.
The company has had a negative net margin of 45.48%, while business revenues increased by 84.5%. A considerable value compared to last quarter’s earnings.
What is the forecast for the SNOW stock price?
Analysts give their forecast to determine the exact time to buy Snowflake shares. Compared to Walmart USA stock, the Snowflake stock price forecast is between $120.00 and $415.00.
These estimates have suggested a possible upside of 74.0% compared to the current price.
SNOW Stock Rating
Snowflake shares currently have a positive rating of 8 out of 99 best. This relative off rating shows how these stocks’ prices have performed over the last 52 weeks. Likewise, the shares of this company are considered one of those with the highest growth.
Who are Snowflake’s competitors?
The company is in a highly competitive market, and its main competitors include:
- Intuit (INTU)
- ServiceNow (NOW)
- NetEase (NTES)
- Activision Blizzard (ATVI)
- Dassault Systems (DASTY)
- VMware (VMW)
- Square (SQ)
- Synopsys (SNPS)
- Shopify (SHOP)
- Autodesk (ADSK)
- Cadence Design Systems (CDNS)
Based on the information found on the My MarketBeat listings, there are a few companies that own SNOW shares:
- NVIDIA (NVDA),
- Tesla (TSLA)
- Salesforce (CRM)
- CrowdStrike (CRWD)
- Boeing (BA)
- Shopify (SHOP)
- Zoom Video Communications (ZM)
- Fastly (FSLY)
- Alibaba Group (BABA)
- ServiceNow (NOW)
One can use any of the online brokerage accounts to purchase snowflake stock. However, it is important to trust an online brokerage that is safe, and in the United States, there are online brokerages that are very popular in the stock market:
- WeBull
- Vanguard Brokerage Services
- TD Ameritrade
- E*TRADE
- Robin Hood
- Fidelity
- Charles Schwab
Sign up for any of these online brokers and make an initial deposit first. Once you’ve created an account and deposited money, you can search for the Snowflake stock. Its stock code is SNOW.
How much money does the Snowflake company make?
The Snowflake company’s market capitalization is $40.17 billion, and each year, it generates revenue of $1.22 billion. Regarding his net income, he receives $2.110010, based on earnings per share.
What is the Snowflake stock price today?
Unlike today’s value of docusign’s stock, today’s SNOW stock price is approximately $152.92 per share.
Why does Snowflake outperform its competition?
More companies use cloud computing services daily to start their digital transformation projects. In this way, they can obtain business information through massive data processing.
Snowflake, as cloud giant, make this platform available to its customers. However, there are other reasons for the company outperforming the competition. Snowflake offers tools that have excellent performance in critical tasks.
Indeed, with the tools provided by Snowflake, companies can share information in a straightforward way. That is why many companies prefer to use Snowflake software, which is reflected in their actions.
