===Snowflake (SNOW) reported earnings on Wed 20 Nov 24 (a/h)

 

Snowflake beats by $0.05, beats on revs, product revenue up 29% yr/yr; Issues Q4 product revenue guidance of $906-$911 mln and also agrees to acquire Datavolo 

• Reports Q3 (Oct) earnings of $0.20 per share, excluding non-recurring items, $0.05 better than the FactSet Consensus of $0.15; revenues rose 28.3% year/year to $942.1 mln vs the $899.31 mln FactSet Consensus.
• Product revenue of $900.3 million in the third quarter, representing 29% year-over-year growth.
• Net revenue retention rate of 127%.
• 542 customers with trailing 12-month product revenue greater than $1 million.
• Agrees to Acquire Datavolo: Co also announces it has signed a definitive agreement to acquire Datavolo, the company built to rapidly accelerate the creation, management, and observability of multimodal data pipelines for enterprise AI1. With this acquisition, Snowflake will deepen its service in the 'bronze layer' of the data lifecycle and will deliver a simple way for data engineering teams to integrate all of their enterprise systems with Snowflake's unified platform, where they can then unlock data for AI and ML, apps and analytics, and leverage the scale, performance, and built-in governance of the AI Data Cloud. Together, Datavolo and Snowflake will both simplify data engineering workloads and deliver unmatched data interoperability and extensibility - a building block for effective enterprise AI.
• Q4 Outlook: Guides for product revenue of $906-$911 mln and non-GAAP operating margin of 4%.

Earnings this week : Nov 18 - 22, 24 (wk 47)

Monday (November 18)

• Morning: BRC TWST
• Afternoon: ACM BRBR SYM TCOM

Tuesday (November 19)

• Morning: AS ENR GDS J KC LOW MDT OCSL VIK VIPS VVV WMT WB
• Afternoon: AZEK DLB GBDC KEYS LZB POWL VREX ZTO

Wednesday (November 20)

• Morning: BERY DY GLBE NIO SR TGT TJX WSM WIX
• Afternoon: CPA JACK KLC  MMS NVDA PANW SNOW SQM

Thursday (November 21) 

• Morning: ATKR BIDU BJ DE BEKE SCVL VSTS WMG
• Afternoon: CPRT ESTC GAP INTU ROST UGI

Friday (November 22)

• Morning: BKE

Insider Trading Tue 6/11/24

Notable purchases -- CEO adds to MXCT; notable sales -- CRO active in JPM

Buyers:

• AUB Director bought 14,467 shares at $30.85 - $31.71 worth approx. $454K.

• DSGR Director bought 4,000 shares at $30.24 worth about $121K.

• HWKN Director bought 3,300 shares at $86.50 - $88.43 worth ~$289K.

• FCPT President / Chief Executive Officer bought 6,230 shares at $24.05 worth ~$150K.

• MTN EVP & Chief Financial Officer bought 575 shares at $176.20 worth more than $100K.

• MXCT President / Chief Executive Officer bought 100,000 shares at $4.77 - $5.00 worth ~$489K.

• OEC Chief Financial Officer bought 5,000 shares at $23.68 worth ~$118K.

• SAIC Chief Financial Officer bought 2,000 shares at $114.85 worth ~$230K.

• SHEN President / Chief Executive Officer and SVP Finance / Chief Financial Officer bought 18,187 shares combined at $15.79 - $17.00 worth ~$297K.

• SNOW Director bought 76,200 shares at $130.83 - $131.50 worth ~$10 mln.

• TTSH 10% owner bought 109,194 shares at $6.55 - $6.75 worth ~$720K.

• VFC President / Chief Executive Officer bought 75,200 shares at $13.20 - $13.30 worth nearly $1 mln.

Sellers:

• JPM Chief Risk Officer sold 5,086 shares at $199.5393 worth approx. $1.0 mln.

• PSA Chief Legal Officer sold 400 shares at $274.285 worth ~$110K.

===Snowflake (SNOW) reported earnings on Wed 22 May 24 (a/h)

 

Snowflake misses by $0.04, beats on revs, guides for Q2 product revenue growth of 26-27%, FY25 product revenue growth of 24%

• Reports Q1 (Apr) earnings of $0.14 per share, excluding non-recurring items, $0.04 worse than the FactSet Consensus of $0.18; revenues rose 32.9% year/year to $828.7 mln vs the $787.4 mln FactSet Consensus.
• Product revenue for the quarter was $789.6 million, representing 34% year-over-year growth.
• Remaining performance obligations of $5.0 billion, representing 46% year-over-year growth.
• Net revenue retention rate of 128%.
• Co issues guidance for Q2, sees product revenue of $805-$810 mln, representing growth of 26-27%, and non-GAAP operating income margin of 3%.
• Co issues guidance for FY25, sees product revenue of $3.30 bln, representing growth of 24%, and operating income margin of 3%, adjusted free cash flow margin of 26%.

Earnings this week : May 20 - 24, 24 (wk 21)

Monday (May 20)

• Morning: GLBE LI WIX    
• Afternoon: KEYS NDSN PANW TCOM ZM

Tuesday (May 21)

• Morning: AS AZO EXP JHX LOW M  XPEV
• Afternoon: MOD SKY TOL URBN VSAT

Wednesday (May 22)

• Morning:  ADI  BRC DY GDS KC LPG PDD PLAB TGT TJX VIPS WKME WOOF WSM
• Afternoon:  API  ELF ENS NVDA RAMP SNOW SNPS SQM  TBBB VFC ZUO

Thursday (May 23) 

• Morning: BEKE BILI BJ  BORR CLBT DAVA HLNE  KNOP MDT MNRO NTES RL SCVL TGI TITN WB
• Afternoon: AMWD DECK INTU LGF.A ROST STEP WDAY

Friday (May 24)

• Morning: BAH BKE

Unusual Options Activity Wed 5/15/24

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• JMIA Weekly May24 7.5 calls (volume: 11.0K, open int: 790, implied vol: ~107%, prev day implied vol: 88%). Co is expected to report earnings early August.
• CLSK Weekly May24 17 calls are seeing interest with the underlying stock up 7% (volume: 1590, open int: 1790, implied vol: ~97%, prev day implied vol: 82%). Co is expected to report earnings early August.
• SNOW May 165 calls (volume: 8810, open int: 4890, implied vol: ~61%, prev day implied vol: 47%). Co is confirmed to report earnings May 22 after the close.
  

Bearish Put Activity:

• DOCS June 20 puts are seeing interest ahead of earnings tomorrow after the close (volume: 11.5K, open int: 7.8K, implied vol: ~104%, prev day implied vol: 58%). 2000 contracts traded in a single transaction.
• BB May 4 calls are seeing interest with the underlying stock down 9% (volume: 8650, open int: 23.9K, implied vol: ~112%, prev day implied vol: 76%).
  

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (12.71, -0.70, -5.2%).
May 17 is options expiration -- the last day to trade May equity options.