Snowflake's financials show that it might just have that head start…. The company has also been successful retaining customers, with net revenue retention of 158% in the last two years. Uber Technologies Inc. (NASDAQ: UBER) has made things hard for the company. Thus, thanks to its attractive offering, Snowflake posted spectacular results. But the stock valuation is pricing in an awful lot of growth going forward while ignoring intensifying competition.

It was supposed to happen over the course of a decade. The possibilities are limitless with the cloud.

Snowflake shares on Monday were down 4.3%, to $229.63. First, investors have good reason to question the masses. Today, he studies the cybersecurity sector, AI, streaming, and the Cloud. He thinks a secondary offering is likely. (FROG), “For the stock to work from the current levels, Snowflake needs to execute flawlessly quarter after quarter, and has to live up to lofty expectations and grow into its valuation,” Nandury writes. Stock Advisor launched in February of 2002. But the company has cited it as a potential issue down the road. Instead of considering that risky proposition, investors should have a closer look at Cloudera (NYSE:CLDR). The same is feared when Snowflake becomes ultra-successful. But you have to remember how young it is. All three are trading at a discount… they're under-the-radar companies most people haven't even heard of… and they have massive tailwinds ready to send their share prices into the stratosphere.

Choose from the topics below to receive our money-making recommendations in real time. During the last two fiscal quarters ending on July 31, revenue increased by 133% year over year to $242 million as existing customers spent 58% more than the prior-year period and the number of customers jumped to 3,117 at the end of July, up from 1,547 one year ago.

By Mike Stenger, Associate Editor, Money Morning • September 15, 2020. Investors were excited to buy into the digital ride-hailing industry as taxis started going obsolete. Mike Stenger, Associate Editor for Money Morning at Money Map Press, graduated from the Perdue School of Business at Salisbury University. Shares of Snowflake (NYSE:SNOW) have come too far, too fast. This limitless potential can be a great thing for Snowflake. The operative word in that sentence is "2019.". But Shah says THESE three stocks are "screaming buys.". The difference, still, is that there is much more room to play in cloud computing. Srini Nandury, an analyst with the small investment research firm Summit Insights Group, this morning picked up coverage of the stock with a Sell rating and $175 price target. Remember the 158% customer retention rate? It's entering a field with steep competition. shares are in bubble territory and at risk of a sharp reversal, the first analyst to pick up coverage of the newly public cloud data analytics company warned on Monday. You could wait for the stock to bubble – IPO stocks often do – then come back down after a few weeks. Now, this is not exactly a problem yet. Their roots are in "machine environments," as in physical servers and hard drives. But here's what that means. But given Snowflake's exposure to the high-growth opportunities both cloud and big data represent, the tech stock trades at 174 times trailing 12-month revenue of $402.6 million, which corresponds to phenomenal growth expectations over the long term. Nandury confirms what we said in the column: Snowflake is “the most expensive name in all tech.” He also contends that Snowflake’s software offers “limited differentiation” from competing products like Amazon Redshift, Google Big Query, and Azure SQL Database. That said, Snowflake is a promising long-term company. Zoom Video Communications (DDOG), and 31 times for However, if you're looking for money-doubling gains, you probably won't see those right away. That, combined with the company's killer customer retention and the fact that it's low-cost installation and low-maintenance, bode well for Snowflake. It's been one of the most talked-about public offerings of 2020. (ORCL), It claims to be the first cloud stock that is truly "cloud." Save my name, email, and website in this browser for the next time I comment.

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