Sector Update: Tech Stocks Rise Late Afternoon
Tech stocks rose late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK
| Ticker |
SNOW
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| CIK | 0001640147 |
| SIC | 7372 |
| Sector | Services |
| Industry Category | Computer Software |
| Industry Group | Services – Computer Programming And Data Processing |
| Address | 135 CONSTITUTION DRIVE, MENLO PARK, CA, 94025 |
| Website | snowflake.com |
| Phone | 844-766-9355 |
| CEO | Frank Slootman |
| Employees | 3,990 |
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Standardized FinancialsdocsIntrinio provides professional-grade historical financial data. This data is standardized, cleansed and verified to ensure the highest quality data sourced directly from the XBRL financial statements. The primary purpose of standardized financials are to facilitate comparability across a single company’s fundamentals and across all companies fundamentals. For example, it is possible to compare total revenues between two companies as of a certain point in time, or within a single company across multiple time periods. This is not possible using the as reported financial statements because of the inherent complexity of reporting standards. Below is a preview of several data points from each financial statement, as well as a sample of our many calculated metrics: |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
Sector Update: Tech Stocks Rise Late AfternoonTech stocks rose late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK Is Palantir's Lead Over Its Peers Already Priced In?Palantir Technologies (PLTR) grew revenue faster over the past twelve months than every company in its peer group, and only one company in that group earns a wider operating margin. Palantir also carries the group's highest earnings multiple. Over those same twelve months the stock returned less than the S&P 500. The operational lead is evident, but current market valuations appear to price in much of that outperformance. Surging Earnings Estimates Signal Upside for Snowflake (SNOW) StockSnowflake Inc. (SNOW) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions. What Happens To Snowflake Stock If AI Keeps Costing It Margin?Snowflake (SNOW) has returned about 53% over the past year, and its product revenue growth has accelerated for three straight quarters. In early September, the company cut its fiscal 2027 non-GAAP product gross margin guide by a point, to 74%, pointing to a heavier mix of fast-growing AI workloads that carry a lower contribution margin. So what happens to the stock if that mix keeps shifting. Braze Beat Expectations—Now 2 SaaS Peers Are in FocusBraze posted strong fiscal Q2 growth and retention metrics, while peers Klaviyo and Similarweb show similar AI-driven momentum despite differing stock performance and customer engagement strategies. |