Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
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Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
Most Trending
Most Trending
Snowflake, a company that offers cloud-based data storage services, has announced its Q4 revenue of $589 million, surpassing the expected figure of $575.9 million. Additionally, the profit per share has been reported to be $0.14, exceeding the estimated $0.04. However, the stock prices have declined after the company's projection of a revenue forecast between $568-573 million, falling short of the predicted amount of $582.1 million.
The company's anticipated product revenues for the whole year are $2.7 billion, which is lower than the forecasted amount of $2.99 billion by analysts. Moreover, the board of directors has authorized a share repurchase program of up to $2 billion, which will expire in March 2025.
A William Blair analyst pointed out that Snowflake has expanded its agreement with Amazon's cloud computing service and has been working on creating new products, which are expected to bolster the company's financial standing. According to the analyst.
"We are optimistic about Snowflake's potential to achieve its long-term objectives and forecast that the company may achieve a free cash flow margin of 30% within the next few years."
According to its latest financial statements, the company's product revenue has surged by 17%, with anticipated full-year revenue of $1.9 billion. This exceeds the analysts' expectations of $1.89 billion. The company has also achieved a profit margin of 75% for product revenue, surpassing the predicted 74.6%. Additionally, the general operating profit margin has been reported to be 2%, while the free cash flow margin is expected to be 17%, which is higher than the expected margin of 16.1% by analysts.
Established in 2012 and went public in 2020, Snowflake currently has a workforce of around 3,992 employees. The company has a customer base of 7,828, and out of these, 330 customers generate annual revenue of over one million dollars each. Unfortunately, the company's stock has dropped by approximately 38% from its initial public offering (IPO) price and is currently trading at a market valuation of about 42.9 billion dollars, with a high forward earnings multiple of 302.6.
Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
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The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
