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Bullish on data streaming but CFLT to $15 for better risk/reward- While I believe NASDAQ:CFLT chart looks good and it might go to $40 after earnings in Q1 2025. But data platform infra is getting very competitive. - First layer of competition comes from Hyperscalers like AWS, GCP and Azure which have their own variant of stream processing. Confluent had some leverage in terms of managed offering. - I believed that company is unique, in a strong niche but stock based compensation and dilution has always been a problem. - With volume of data, consumption based model makes sense. I liked that billing strategy over flat subscription type model as the prior one is easier to pass cost to consumers + have some margin (fixed). Why I'm bearish on this name lately? - I believe redpanda acquisition by Snowflake NYSE:SNOW would impede growth for NASDAQ:CFLT massively. - Snowflake has a moat in data warehousing, they are trying to become all things data infrastructure. - Streaming ingestion into snowflake is a capability which could have great synergy. While I wanted to see NASDAQ:CFLT acquisition by NYSE:SNOW but it is not possible as of now in my opinion as confluent market cap is 10 billion+ which could hamper NYSE:SNOW cash flows. - Therefore, redpanda would be a better acquisition for NYSE:SNOW but it will severly impact NASDAQ:CFLT technical addressable market. I would buy NASDAQ:CFLT under $20 because their future business is going to be impacted materialistically.
NASDAQ:CFLTShort
by bigbull037
Don't miss the Next AI Gold Rush! WATCH NOW!In this video, we delve into the next phase of artificial intelligence and explore the companies set to benefit the most. From giants like Microsoft and Salesforce to rising stars like Snowflake and CrowdStrike, we break down how each company is harnessing AI to revolutionize their industries. Don't miss out on this deep dive into the tech titans leading the AI charge and shaping the future. Subscribe and hit the bell icon to stay updated on the latest in AI advancements! NASDAQ:CRWD NYSE:CRM NYSE:SNOW NASDAQ:MSFT NASDAQ:TEAM NYSE:PATH NYSE:SHOP NASDAQ:DDOG NYSE:NET NASDAQ:MDB What companies are you positioned in or ready to start a position in? Let me know in the comments below!
NYSE:PATHLong
by RonnieV29
30
SNOW | Time to Load the Boat | LONGSnowflake, Inc. provides cloud data warehousing software. This includes the Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Its platform supports a range of use cases, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of three independently scalable layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. Snowflake was founded by Marcin Zukowski, Thierry Cruanes and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.
NYSE:SNOWLong
by DivergenceSeeker
Is Snowflake getting out of the DOGHOUSE? Watch before earnings!Is Snowflake NYSE:SNOW Finally Breaking Free from the Doghouse? 🐾 In this must-watch video, we’re dissecting: 🔹 Chart Analysis: What the latest charts are revealing about Snowflake's trajectory. 🔹 Potential Catalysts: Key factors that could propel or hinder NYSE:SNOW 's progress. 🔹 High Five Setup Trading Strategy: How my proven strategy applies to Snowflake's current setup. Ready to uncover the insights that matter most? Let’s dive in and stay ahead of the curve! 👇 Like l Follow l Share for more content Check my Bio for other ways to stay connected
NYSE:SNOWLong
by RonnieV29
8
Snowflake(SNOW) - Are We on the Verge of a Significant Breakout?Snowflake Inc. NYSE:SNOW - Are We on the Verge of a Significant Breakout? Snowflake (SNOW) stock is approaching a critical level in the short term**, facing a possible breakout above the 126.99$ resistance level. Snowflake is a company that provides a cloud-based data platform for businesses, enabling large-scale data storage, management, and analysis. 📊 Key Analysis Points: - Historical Resistance Level : 126.99$ - a critical level that has previously acted as resistance. - Entry Opportunity : If we see a confirmed breakout above 126.99$ with strong trading volume. - Stop-Loss: Setting a stop-loss below the breakout level, around 126$, to protect against a failed breakout. - Initial Profit Target: 135.72$ - another historical resistance level that could serve as a short-term profit target. - Additional Resistances: If the upward trend continues, consider 146.46$ and 168.80$ as possible profit targets. 🔍 Summary The stock is at a key level, and a breakout above 126.99$ could signal further upward movement, as long as the conditions are met and trading volume supports the move. We’ll keep a close watch on price action and volume to see if the breakout holds. --- Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please conduct independent research and manage your risks accordingly.
NYSE:SNOWLong
by Yahav8
$SNOW Breakout on the HorizonSnowflake (A.I. data storage) NYSE:SNOW , has been trading in VERY tight range for over a month that is much smaller than its normal expected move, which is insane. 1. If it’s at a major support, than its breakout is to the upside (which I’m inclined to believe) 2. If there some crazy news about AI data storage, than it could break below the support. I am more inclined to believe it’s the former. The point of control on the volume profile is $155-$160/share, so that’s where it is likely heading if it breaks out upward. NYSE:SNOW
NYSE:SNOWLong
by jgeno
Snowflake: Please turn!Snowflake has experienced a setback in recent days. However, as it was able to hold above the support line at $107.41, our primary scenario remains intact. Thus, we continue to see the price in the turquoise-colored wave b, which should initially bring a (corrective) increase. Only after the high has been established should larger sell-offs come knocking, completing the wave (2) correction in green. However, we consider it 33% likely that the share has already been working on the final stage of this corrective movement since May. This scenario, which will be activated by a fall below the support level of $107.41, would call off the upward swing accordingly.
NYSE:SNOW
by MarketIntel
Snowflake (SNOW): Potential Bullish Flip on the Horizon?In our last analysis on Snowflake, we were focused around the MOAT level, which was lost after the analysis. However, we respected the HVN edge low quite well, and since then, we haven't seen any significant new lows. If Snowflake can hold its current level and avoid retesting lower zones, we could potentially see a flip in the market structure toward a bullish trend. If this scenario plays out, we’ll be actively looking for long setups for SNOW. We'll keep you informed on whether this bullish scenario materializes or if lower prices prevail.
NYSE:SNOW
by freeguy_by_wmc
Snowflake’s Stock Dips Despite Great Q2 Results: What's WrongSnowflake Inc. (NYSE: NYSE:SNOW ), the cloud data-warehouse software company that has been a favorite among investors, recently reported its Q2 earnings for fiscal year 2025, surprising analysts with better-than-expected results. Despite this, the stock took a significant hit, dropping 8% in extended trading on Wednesday. But what led to this sharp decline, and what does it mean for the future of Snowflake? A Strong Quarter Overshadowed by Growing Pains Snowflake (NYSE: NYSE:SNOW ) reported Q2 revenue of $868.8 million, up from $674.0 million a year earlier, easily surpassing Wall Street’s estimates of $851.6 million. Adjusted earnings per share (EPS) came in at $0.19, also beating the consensus of $0.16. The company’s product revenue, a critical metric, was $829.3 million, just above expectations. Yet, despite these strong figures, the market reaction was overwhelmingly negative. So, what went wrong? The company’s net loss widened, and rising costs became a focal point for investors. The broader concern is that Snowflake’s growth might be losing momentum, as reflected by a less-than-stellar product revenue beat. The company’s guidance for the rest of the fiscal year was positive, with a slight increase in its full-year outlook. However, this was not enough to assuage fears about its ability to maintain high growth rates amidst increasing competition and operational challenges. The Falling Wedge Breakout: A Technical Perspective From a technical analysis standpoint, Snowflake’s stock recently broke out of a falling wedge pattern, a bullish signal that typically indicates a potential upward price movement. However, the 8% drop in extended trading suggests that this breakout might be tested in the coming days. Investors should keep an eye on key support levels. The stock may find buying interest around $123, corresponding to its June swing low. If this level fails to hold, a further decline to $108 or even $95 could be on the horizon, where the stock might attract more buyers. Snowflake (NYSE: NYSE:SNOW ) stock is down 13% in Thursday's premarket trading this move is really bad for Snowflake (NYSE: NYSE:SNOW ) stock as the stock will start the day with a weak momentum from its Relative Strength Index (RSI) of 60.71 which was Wednesday's RSI close. with the stock down by 13% in premarket trading, it will place the RSI at 52 which is bad as it will approach the oversold region leading to more sellout despite earnings beat. CEO Transition and Security Concerns Add to Investor Jitters Adding to the uncertainty is Snowflake’s recent leadership change. The company appointed a new CEO in February, which can often lead to strategic shifts that make investors nervous. Moreover, a cyberattack in May that compromised data from high-profile clients like AT&T and Live Nation has not helped restore confidence. Why Analysts Are Still Bullish on Snowflake (NYSE: NYSE:SNOW ) Despite the post-earnings slide, some analysts remain optimistic about Snowflake’s future. JMP Securities, while lowering its price target from $235 to $190, maintained a Market Outperform rating. The analysts highlighted Snowflake’s strong core business, particularly in financial services and tech sectors, and its potential for profitable growth with a projected $3.36 billion in product revenue for fiscal 2025. Snowflake’s long-term prospects look promising, especially as the company continues to innovate and roll out new AI products. The market for cloud data services is expected to grow substantially, and Snowflake is well-positioned to capitalize on this trend. What’s Next for Snowflake? The next few weeks will be critical for Snowflake (NYSE: NYSE:SNOW ) as it navigates the post-earnings fallout. Investors will be watching closely to see if the stock can hold key support levels or if it will continue to slide. On the operational front, the company needs to address concerns about rising costs and demonstrate that it can sustain high growth rates in a competitive market. In summary, while Snowflake’s Q2 results were strong, the market’s reaction highlights underlying concerns about its future growth trajectory. For now, cautious optimism seems to be the best approach, as the company works to regain investor confidence and prove that it can continue to lead in the cloud data space.
NYSE:SNOWShort
by DEXWireNews
Snowflake Beats Q2 Product Revenue Above Wall Street Estimates Snowflake ( NYSE:SNOW ) expects strong Q2 as AI push boosts demand for cloud services. The company forecasted second-quarter product revenue above Wall Street estimates and raised its expectations for the year, on strong demand for its cloud-based services amid a surge in use of generative artificial intelligence. Shares rose 4% after the bell as the data cloud analytics company also said it plans to acquire technology assets and hire 35 employees from TruEra, an AI observability platform. The company had in April launched Snowflake Arctic, a large language model that draws from massive amounts of text to generate responses to queries and is optimized for complex enterprise workloads. Companies are increasingly moving from traditional to cloud-based solutions, looking to integrate digital and more cost-effective processes since the pandemic, benefiting cloud-related services firms such as Snowflake ( NYSE:SNOW ). Snowflake ( NYSE:SNOW ) forecast product revenue in the range of $805 million to $810 million for the second quarter, above analysts' average estimate of $785 million, according to LSEG data. For 2025, Snowflake ( NYSE:SNOW ) expects product revenue at $3.30 billion, up from a prior forecast of $3.25 billion. For the first quarter ended April 30, Snowflake ( NYSE:SNOW ) posted a 34% rise in product revenue to $789.6 million, beating expectations of $747.9 million. Total revenue came in at $828.7 million. Product revenue, which makes up the bulk of Snowflake's business, will be $805 million to $810 million in the period ending in July, the company said Wednesday in a statement. Analysts, on average, predicted $787.5 million, according to data compiled by Bloomberg. The company also raised its fiscal year product sales forecast to $3.3 billion from $3.25 billion. This is the first full quarter that Sridhar Ramaswamy, a former Google executive and co-founder of search startup Neeva, has been Snowflake's chief executive officer. He needs to reaccelerate growth at the maker of cloud-based analytics software while fending off competition from rivals including Databricks Inc. While the outlook was stronger than expected, it still represents slowing revenue growth and may not appease investors who are bearish on the stock. Snowflake ( NYSE:SNOW ) CEO Sridhar Ramaswamy has hinted at collaboration with AI giant Nvidia in a recent interview with CNBC's Jim Cramer. Ramaswamy teased new product announcements at the company's Data Cloud Summit conference in June, which will feature a talk with Nvidia CEO Jensen Huang. He said that Snowflake is "super excited by the promise of accelerated computing" and that the company's enterprise customer base is growing. He also mentioned that Snowflake's AI offerings can analyze customer feedback data to help determine automated responses to questions. Technical Outlook Snowflake ( NYSE:SNOW ) stock closed Wednesday's trading session on a clean slate with a Relative Strength Index (RSI) of 55.34 which was quite moderate. The stock is up 7.20% in Thursday's Pre-market trading.
NYSE:SNOWLong
by DEXWireNews
Snowflake - going to miss the earnings?!Today, Snowflake’s earnings are due, and it’s an important event to watch. Looking at the stock’s history since its debut on the New York Stock Exchange in September 2020, we can identify a crucial zone that initially acted as support but has since turned into a resistance zone. We’ve seen attempts to break above this resistance at around $210, but these have been unsuccessful, with the price falling back below this level leaving behind an earnings gap. Currently, we have what can be referred to as the "Mother-of-all-Trend-Lines." These are two trendlines running parallel, forming a channel that has been critical in maintaining the chart’s structure. This channel is crucial for holding the overall trend of the chart. For Snowflake to realize its upward potential, it needs to sustain these trendlines and break above the resistance zone at $210. Successfully flipping this resistance into support, particularly with the support of the high-volume node, is essential for a push upwards, unlike what happened at the beginning of 2024. While there is significant upside potential for Snowflake, it will take time. The stock must not only hold the "Mother-of-all-Trend-Lines" but also convincingly break and maintain the $210 resistance level. A closer look at Snowflake reveals that the high-volume node (HVN) plays a critical role in the chart's overall structure. The upper edge of this HVN has worked with the resistance zone, serving as a strong resistance point. Meanwhile, the lower edge has acted as a solid support line, holding up the price on four occasions. We could see another test of the Point-of-Control (POC) before potentially moving higher. There's a significant earnings gap of approximately 14% that needs to be closed. According to typical charting techniques, all gaps are eventually closed; the question is only when. We believe that this gap will be at least tested. Whether it will be fully closed depends on if the resistance zone around $210 can be flipped into support. If Snowflake fails to flip this resistance, we might only see a gap test followed by another sell-off. The situation remains uncertain, so we plan to stay on the sidelines for now, closely monitoring the developments. We will observe how the stock behaves around the POC and the resistance zone to determine our next move.
NYSE:SNOW
by stromm