Latest news with #CortexAI
Yahoo
08-07-2025
- Business
- Yahoo
5 Revealing Analyst Questions From Snowflake's Q1 Earnings Call
Snowflake's first quarter results were marked by strong revenue and profitability, with management attributing the positive momentum to expanding adoption of its AI and data cloud platform across large enterprise customers. CEO Sridhar Ramaswamy emphasized the company's focus on 'driving product cohesion and extending value throughout the data life cycle.' He highlighted new customer wins, the rapid rollout of over 125 product capabilities, and continued momentum in data engineering and analytics as key factors supporting growth. Is now the time to buy SNOW? Find out in our full research report (it's free). Revenue: $1.04 billion vs analyst estimates of $1.01 billion (25.7% year-on-year growth, 3.4% beat) Adjusted EPS: $0.24 vs analyst estimates of $0.21 (13.1% beat) Adjusted Operating Income: $91.66 million vs analyst estimates of $52.66 million (8.8% margin, 74.1% beat) Product Revenue Guidance for Q2 CY2025 is $1.04 billion at the midpoint Operating Margin: -42.9%, in line with the same quarter last year Customers: 606 customers paying more than $1 million annually Net Revenue Retention Rate: 124%, down from 126% in the previous quarter Billings: $770.1 million at quarter end, up 36.1% year on year Market Capitalization: $75.34 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Sanjit Singh (Morgan Stanley): Asked about consumption trends and monetization of Cortex AI, to which CEO Sridhar Ramaswamy clarified that AI features drive value within existing contracts rather than through separate sales. Kirk Materne (Evercore ISI): Inquired about drivers behind Snowpark and Dynamic Tables adoption, with Ramaswamy attributing success to both product innovation and targeted sales enablement efforts. Raimo Lenschow (Barclays): Questioned strategies for data consolidation versus multi-vendor environments. Ramaswamy acknowledged customer demand for unified platforms and highlighted Snowflake's approach to ease-of-use and integration. Karl Keirstead (UBS): Asked about the impact of macroeconomic conditions and post-COVID optimization. CFO Mike Scarpelli responded that Snowflake's customer base has become more cost-conscious and mature, but current macro factors have not significantly affected demand. Kasthuri Rangan (Goldman Sachs): Probed net revenue retention trends despite new product launches. Scarpelli explained that growth from newer customers and variable expansion rates among large accounts influence the metric's trajectory. In upcoming quarters, the StockStory team will be watching (1) the adoption and monetization pace of new AI and analytics products like Cortex and Snowpark, (2) expansion into regulated sectors such as government and automotive with dedicated solutions, and (3) the company's ability to sustain margin improvements while investing in innovation and customer acquisition. Execution at the annual Snowflake Summit and updates on customer migration trends will also be key signposts. Snowflake currently trades at $225.21, up from $179.15 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
C3.ai Ramps Up Partner-Led Sales Model: Can It Drive Scalable Growth?
Inc. AI is doubling down on a go-to-market strategy centered around its rapidly expanding partner ecosystem. In the fourth quarter of fiscal 2025, the company secured 73% of its agreements in collaboration with strategic partners like Microsoft, AWS and Google Cloud. In fiscal 2025, it signed 193 deals through the partner ecosystem, reflecting a rise of 68% from the prior year. In the fiscal fourth quarter, AI reported a 419% surge in partner-supported bookings, with 59 agreements closed through strategic the fiscal fourth quarter, closed 59 partner-led deals. The company's deepened alliance with Microsoft is noteworthy. Its applications are listed in Azure's sales catalog, with commissions being paid to Microsoft's global salesforce for successful closes. In the quarter, the company inked 28 joint deals with Microsoft, emphasizing manufacturing and support this channel-centric push, has invested heavily in demo licenses and enablement tools. These demo licenses — used by partners and strategic customers alike — made up nearly 30% of the company's fiscal fourth-quarter is now jointly targeting over 600 accounts with Microsoft alone, and is pursuing similar scaling with AWS, Google Cloud and newly formed alliances like PwC and McKinsey QuantumBlack. The management is optimistic and anticipates the consulting partners to unlock new levels of scalability and market penetration in the upcoming periods. Palantir Technologies Inc. PLTR continues to pursue a more vertically integrated model, emphasizing direct engagement with clients over an external partner-led sales approach. Palantir does collaborate with key institutions, such as R1 RCM in healthcare automation and NATO for mission-critical AI deployments. Its Maven Smart System and AIP platform are deployed directly with defense agencies and commercial clients through proprietary programs. Palantir's partnerships are strategic in nature but limited in scale compared to the broad commercial enablement seen at Inc. SNOW, in contrast, is building a hybrid model that blends direct go-to-market with strong platform partnerships. In the first quarter of fiscal 2026, Snowflake highlighted expanded collaboration with Microsoft, enabling customers to host OpenAI models via Azure and integrate Snowflake's Cortex AI products into Office Copilot. The company leverages technology from its Datavolo acquisition to improve data connectivity with partners like Google Drive, Workday, Slack and the public sector, Snowflake launched Snowflake Public Sector Inc. and secured Department of Defense provisional authorization, boosting offerings to the government and national security. Its model emphasizes data ecosystem interoperability, supporting structured and unstructured data across platforms and creating opportunities for seamless collaboration. While not as externally distributed as Snowflake's partner strategy is essential for expanding AI use cases and integrations across verticals. Shares of have gained 0.5% in the past three months compared with the industry's growth of 0.3%. Image Source: Zacks Investment Research From a valuation standpoint, AI trades at a forward price-to-sales ratio of 6.50X, significantly below the industry's average of 18.47X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for AI's fiscal 2026 and 2027 earnings per share (EPS) implies a year-over-year uptick of 9.8% and 56.9%, respectively. The EPS estimates for fiscal 2026 and 2027 have increased in the past 30 days. Image Source: Zacks Investment Research AI stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AI) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-06-2025
- Business
- Yahoo
Canaccord Keeps Buy on Snowflake (SNOW) with $220 Price Target
Snowflake Inc. (NYSE:SNOW) is one of the 10 best growth stocks to buy according to billionaires. On June 9, Canaccord Genuity analyst Kingsley Crane reaffirmed a Buy rating on Snowflake (SNOW) and maintained the price target at $220. In Crane's view, Snowflake continues to strengthen its position by focusing on simplifying data access and making it more broadly usable across enterprises. The platform's architecture, especially its SQL-native interface, has made it easier for organizations to adopt and scale, helping drive up consumption, which remains the core of Snowflake's revenue model. A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. The analyst also highlighted the company's product advancements, including Generation 2 Warehouses and Adaptive Compute, which aim to deliver improved performance and efficiency. He also believes that Snowflake's move toward open data standards and its recent acquisition of Crunchy Data suggest a broader strategy to embed itself more deeply within open-source and AI ecosystems. Products like Cortex AI and AISQL, along with the growing Marketplace, underscore its intent to keep pace with rising enterprise demand for AI-powered data tools. Due to these factors, Crane believes that Snowflake is well-positioned as a key long-term beneficiary of the growing demand for AI-driven data platforms among enterprises. Snowflake Inc. (NYSE:SNOW) is a cloud-based data platform that enables organizations to store, analyze, and share data efficiently. Its Data Cloud allows businesses to consolidate data in one secure and reliable place, driving innovation and valuable insights. While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
14-06-2025
- Business
- Yahoo
Citi Reiterates Buy on Snowflake (SNOW) as Cortex AI Gains Traction
Snowflake Inc. (NYSE:) is one of the One of the biggest analyst calls on Wednesday, June 11, was for Snowflake. Citi reiterated the stock as 'Buy' with an associated price target of $245.00. The firm said it is sticking with the stock following an investor day. Snowflake is experiencing strong momentum owing to its new products, particularly Cortex AI. Cortex AI is a suite of AI features using large language models (LLMs) to offer intelligent assistance to customers. Customers are particularly excited about the accelerated product development under CEO Sridhar Ramaswamy and the readiness of enterprises to deploy generative artificial intelligence applications. Customers have also resonated well with the company's strategy to avoid vendor lock-in, thereby resulting in widespread adoption of the Cortex AI for tasks such as fraud detection and process automation. This has, in turn, led to reduced operational overheads. The firm also talked about the adoption of Apache Iceberg and the Polaris Catalog across various industries, reflecting on the increasing demand for vendor-neutral data management solutions. Crunchy Data's recent acquisition further strengthens Snowflake's position by enhancing support for Postgres. This, in turn, aligns with its strategy to provide open operational and analytical workloads for AI. 'In general, customer enthusiasm was high around Snowflake's new products.' Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform. While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Citi Reiterates Buy on Snowflake (SNOW) as Cortex AI Gains Traction
Snowflake Inc. (NYSE:) is one of the One of the biggest analyst calls on Wednesday, June 11, was for Snowflake. Citi reiterated the stock as 'Buy' with an associated price target of $245.00. The firm said it is sticking with the stock following an investor day. Snowflake is experiencing strong momentum owing to its new products, particularly Cortex AI. Cortex AI is a suite of AI features using large language models (LLMs) to offer intelligent assistance to customers. Customers are particularly excited about the accelerated product development under CEO Sridhar Ramaswamy and the readiness of enterprises to deploy generative artificial intelligence applications. Customers have also resonated well with the company's strategy to avoid vendor lock-in, thereby resulting in widespread adoption of the Cortex AI for tasks such as fraud detection and process automation. This has, in turn, led to reduced operational overheads. The firm also talked about the adoption of Apache Iceberg and the Polaris Catalog across various industries, reflecting on the increasing demand for vendor-neutral data management solutions. Crunchy Data's recent acquisition further strengthens Snowflake's position by enhancing support for Postgres. This, in turn, aligns with its strategy to provide open operational and analytical workloads for AI. 'In general, customer enthusiasm was high around Snowflake's new products.' Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform. While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
