Snowflake Inc (SNOW)

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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.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
10:00 - 18:30
Mon
10:00 - 18:30
Tue
10:00 - 18:30
Wed
10:00 - 18:30
Thu
10:00 - 18:30
Sun
Closed
Sat
Closed

Share CFD Trading FAQ

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.

Latest News
- Snowflake Inc (SNOW)

29/06/2022

Upside for Snowflake but…

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