Kim Bolton Snowflake SNOW-N BUY Mar 20, 2024

The CEO is doing a good job, but they aren't putting up good numbers to raise shares. They have to put in a good year ahead.

Cloud-based, data platform provider. Infrastructure and platform as a service. Also AI machine-learning integration. Chart shows how it's rolled over. Change in the CEO, and then the CRWD data breach. Very deep pockets, $3B in cash. Profitable, free cashflow. Never seems to lose customers. In acquisition mode. 41% haircut this year, great value. No dividend.

Despite fantastic quarter, very expensive on any financial metric. PE of over 100, for 25-30% revenue growth. Free cashflow yield is very low at 1-2%. So you're really banking on earnings growth momentum continuing for the next 5-10 years. Risk from larger competing cloud players.

His 12-month price target is $228. Key player with the hyperscalers, but also gravitates over into the on-premises side of things.

Growing faster than expected: total revenues +27%, product revenue 28%. They guided 8% margin expansion, and this is the story going forward. It's been volatile, but are positioned well for 2025. They announced a partnership with MSFT.

12-month price target of $225.41. Amazing turnaround. New CEO is an engineering guy, who really understands what SNOW is all about. Leading cloud-based data platform provider; helps data move seamlessly, faster, and with less energy. February earnings blew it out of the park, then got tangled up in tariff rhetoric.

If you own it, absolutely hold. If you don't, sell some puts (and you want to get taken anyway).

They report Wednesday. Their business is on fire.

They reported after today's close their third-straight strong quarter: top and bottom line beats, strong guidance this quarter and terrific full-year sales forecast. Is up 31% the past month. 

They beat (earnings up 71%, crucial product revenues 28%), and raised. Are gaining momentum.

Is up 27% this year. Operational margins are +9% while expenses are falling a lot.