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Snowflake Inc (SNOW) Profile
Snowflake Inc. is a cloud computing-based data warehousing
company headquartered in Bozeman, Montana. It was founded in July 2012 and was publicly launched
in October 2014 after two years in stealth mode. The company's name was chosen as a tribute to
the founders' love of winter sports.
The firm offers a cloud-based data storage and analytics service, generally termed "data
warehouse-as-a-service". It allows corporate users to store and analyze data using cloud-based
hardware and software. It runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the
Google Cloud Platform since 2019. The company is credited with reviving the data warehouse
industry by building and perfecting a cloud-based data platform It was able to separate computer
data storage from computing before Google, Amazon, and Microsoft.
Market Cap: 103.75 B USD.
Total assets: $5.921 billion (2020)
Employees 2,500
Subsidiaries: Polidea Sp. z o.o. CryptoNumerics Inc., Numeracy, Inc.
Snowflake Inc (SNOW.xnys) News Stellar customer growth enabled SNOW stock to pull off the largest initial public offering ever by a
software company in September 2020. The Snowflake (SNOW) IPO raised $3.4 billion.
Snowflake Inc (SNOW.xnys) Analysis Snowflake’s Data Cloud is powered by an advanced data
platform provided as Software-as-a-Service (SaaS). Snowflake enables data storage, processing,
and analytic solutions that are faster, easier to use, and far more flexible than traditional
offerings.
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Share CFD Trading FAQ
What is a Share CFD?
What is a Share CFD?
Shares represent units of ownership within a company. Shares are also known as stocks or equities. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition to traditional share dealing, however, traders can access derivatives: trading instruments derived from the movement of an underlying share price.
Individual stock CFDs (contract for differences) fall under the umbrella of derivative products, an effective low-cost trading vehicle. While CFDs do not grant shareholder privileges, active CFD positions may receive a dividend if executed before the ex-dividend date.
What is the difference between CFD and Shares?
What is the difference
between CFD and Shares?
Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.
While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.
What are the most traded share CFDs?
What are the most
traded share CFDs?
Supply and demand are the main two pillars of share price sharping. The economic situation of countries, in addition to geopolitical risks and instability, can undoubtedly affect trade, financial flow, and consequently the share CFDs prices. In such situations the stock market price fluctuations can be excessively strong, creating opportunities for traders to generate returns investing on the foreign exchange but also excessive risks.
Thus, some well-performing companies offer more opportunities to traders due to their stable, smooth, and less volatile share price movement in the markets. Some of the top traded share CFDs represent the trending industries.
Technology companies such as Tesla Inc, Apple, Microsoft, and Facebook are some of the trader’s favorite shares to trade according to Investing.com. While some of the biotech representatives that have entered the top traded list of the global markets are Moderna, Pfizer, and Johnson & Johnson.
What factors should I consider when trading Share CFDs?
What factors should I
consider when trading
Share CFDs?
The main two driving forces of the forex currency market‘s volatility are supply and demand, placing the share CFDs trading amongst the most distinct volatility performers in the markets.
The economic situation of countries and unions, in addition to geopolitical risks and instability, can undoubtedly affect trade, financial flow, and consequently the interest rate of currencies, economies, and companies. In such situations the stock market price fluctuations can be excessively strong, creating opportunities for traders to generate returns investing on the share CFDs.
For instance, the current global pandemic situation has resulted in traders’ interest turning towards pharmaceutical and biotech companies, delivery and transportation as well as streaming and production services.