Barron''s Top Weekend Stock Picks: Tesla, Snowflake, Delta And Why Warren Buffett''s Berkshire Hathaway May Be In For Big Tax Bill 2023/01/07 23:31:08 Benzinga
Benzinga reviews this weekend''s top stories covered by Barron''s, here are the articles investors need to read. In " Tech’s Bill Is Coming Due. Investors Aren’t the Only Ones Who Will Pay ," Tae Kim writes that after tech companies went on a spending spree in anticipation of high post-pandemic demand, employees, investors and consumers are now paying the price. " How Delta Gains From Free WiFi, According to the CEO ," by Eric Savitz, explains the implications of Delta Air Lines Inc (NYSE: DAL ) CEO Ed Bastian''s announcement that the airline will launch free Wi-Fi services on all of its primary U.S. … Full story available on Benzinga.com
Snowflake Is a Great Cloud Stock to Buy on the Dip, Says Wells 2023/01/07 06:26:48 Newslanes
Investors should buy Snowflake shares because companies are going to need the cloud-software data warehousing company’s services even as the economy slows down, Wells Fargo Securities says. On Friday, analyst Michael Turrin initiated coverage of Snowflake stock (ticker: SNOW ) with an Overweight rating and a price target of $170. That represents a potential gain […] Snowflake Is a Great Cloud Stock to Buy on the Dip, Says Wells
Snowflake Is a Great Cloud Stock to Buy on the Dip, Says Wells Fargo 2023/01/06 18:24:00 Barron''s
The cloud software data-warehousing company is well positioned to ride out an economic downturn, according to analyst Michael Turrin.
Snowflake''s Mission Critical Tech, Robust Expansion Dynamics, Balanced Financial Profile Make It Worthy Of Premium, Analyst Says 2023/01/06 17:14:16 Benzinga
Wells Fargo analyst Michael Turrin initiated coverage on Snowflake Inc (NYSE: SNOW ) with an Overweight rating and a price target of $170 . SNOW shares have traded off nearly -60% TTM (vs. NASDAQ -32%) as valuation levels across software have come into question (over the past year), and concerns around headwinds to cloud consumption models have surfaced (more recently). Turrin acknowledges tough sledding for many in the current environment. However, the analyst''s work suggests … Full story available on Benzinga.com
Why Snowflake shares can survive a tough winter, according to Wells Fargo 2023/01/06 16:01:00 MarketWatch
Snowflake''s stock has dropped almost 60% over the past 12 months amid concerns about software valuations, but Wells Fargo is feeling upbeat about the future.
Here are the execs leading these 8 high-flying startups to potential IPOs soon 2021/08/07 13:30:00 Business Insider
Summary List Placement The brisk pace of IPOs this year has put 2021 on track to break records , according to investment research firm Renaissance Capital. As a result, many founders and top executives of those high-flying startups could be set to earn big paydays. According to data from Crunchbase, 379 startups have gone public on major US exchanges so far. Others, such as Warby Parker and Rent the Runway , have recently announced that they intend to follow in those companies'' footsteps. Insider combed through media reports, recent funding announcements and hires, as well as data from secondary market EquityBee which keeps a list of the pre-IPO companies in greatest demand to compile a list of founders and key personnel at eight startups that are potential candidates to go public in the next year. Stripe: Patrick and John Collison, cofounders Brothers Patrick and John Collison grew up in Ireland. They originally moved to the US to attend college, but soon abandoned that path to start their payments company, Stripe, in 2009.
Leaked documents reveal Amazon''s new ''Rules of Engagement'' to address rising tension with AWS cloud partners (AMZN, SNOW, CRM) 2021/08/06 16:01:01 Business Insider
Summary List Placement As Amazon Web Services has grown into a $60 billion business, it''s become more reliant on a network of over 100,000 independent cloud partners that help sell and manage AWS services. These partners are a key part of AWS''s success because they help reach a wider customer base and grow the overall market. The partners include competing software vendors like Snowflake, which package their own products with AWS''s cloud services, and consulting agencies like Accenture that bundle different cloud offerings for clients. In recent years, the partner network has become a source of growing tension as AWS expands into areas that compete with them, and in some cases, faced allegations of trying to poach customers and potentially snoop on partner client data, as Insider previously reported . Amazon''s spokesperson said AWS enjoys strong partnerships, including with Snowflake. "Though there are times that AWS services and partners have some overlap on product features, these spaces are so large that there is room for multiple successful entrants and partners who have strong customer experiences and keep iterating on these experiences have continued to prosper," the spokesperson added in a statement.
Varada 3.0 delivers elastic scaling without sacrificing the power of indexing 2021/08/06 01:00:02 Help Net Security
Varada unveiled version 3.0 of its data analytics platform, now delivering a cost-effective alternative to offerings like Snowflake, Redshift, Athena, Preso, Trino and BigQuery for at-scale big data analytics users who rely on the power of indexing to extract insights from massive, unstructured data sets. The new version marries the power of cloud elasticity and the query power of indexing for big data analytics, giving data teams the ability to scale analytics workloads rapidly and More The post Varada 3.0 delivers elastic scaling without sacrificing the power of indexing appeared first on Help Net Security .
Dataiku Raises $400 Million at a $4.6 Billion Valuation to Enable Everyday AI in the Enterprise 2021/08/05 13:44:33 AIThority
Tiger Global leads the round with participation from ICONIQ Growth, CapitalG, Battery Ventures, Snowflake Ventures, Insight Partners, FirstMark Capital and several others Dataiku, the worlds leading platform for Everyday AI, announced $400M in Series E investment led by Tiger Global, with participation from several existing investors, including ICONIQ Growth, CapitalG, FirstMark Capital, Battery Ventures, Snowflake  The post Dataiku Raises $400 Million at a $4.6 Billion Valuation to Enable Everyday AI in the Enterprise appeared first on AiThority .
Amazon''s relationship with cloud partners like Snowflake and 2nd Watch is getting so tense that the internet giant launched an investigation into allegations of AWS salespeople stealing deals 2021/08/05 11:07:03 Business Insider Markets
Amazon CEO Andy Jassy (L) and AWS CEO Adam Selipsky Mike Blake/Reuters and Tableau
Snowflake's Mind-Boggling Growth in 6 Metrics 2021/05/28 13:05:00 The Motley Fool
The data-analytics company's stunning growth persisted in its most recent quarter.
Cramer's Mad Money Recap: Snowflake, Salesforce, Sonos 2021/05/27 23:12:05 The Street
Jim Cramer says Wall Street's first reactions are almost always wrong. Investors who rush to judgement lose out.
Why Jon Najarian Is Bullish On Snowflake 2021/05/27 19:24:04 Benzinga
Jon Najarian is bullish on Snowflake Inc (NYSE: SNOW ) after earnings, he said Thursday on CNBC's "Fast Money: Halftime Report." What Happened: Snowflake reported an earnings loss of 70 cents, which missed the estimate for a loss of 16 cents. The company reported quarterly revenue of $228.9 million, which beat the estimate of $212.9 million and represented 110% growth year-over-year. “Snowflake reported strong Q1 results with triple-digit growth in product revenue, reflecting strength in customer consumption. Remaining performance obligations showed a robust increase year-on-year, indicating strength in sales across the board," said Snowflake CEO Frank Slootman. Institutions are beginning to buy into the Snowflake story, Najarian told CNBC. People were lined … Full story available on Benzinga.com