Today I provide analysis on Snowflake (SNOW) stock, which launched its IPO September 16th. Snowflake provides a data warehouse-as-a-service or database-as-a-service (DaaS) that claims to dramatically simplify concurrency, performance, and overhead challenges, offering both reduced cost and improved agility. Should you buy SNOW stock?

In this video, I break down what Snowflake does, discuss the IPO timing, discuss the IPO valuation, and discuss both the company's benefits and risks.

Here are some facts about Snowflake:
* More than tripled revenue YOY, a 257 percent increase.
* Positioned as a Leader in Gartner's 2019 Magic Quadrant for Data Management Solutions for Analytics Report.
* Emerged as a Leader in The Forrester Wave™: Cloud Data Warehouse, Q4 2018 Report.
* Increased presence to nine countries to support a growing global customer base, with plans to increase Snowflake's presence to more than 20 countries over the next 12 months.
* Opened its first European Research and Development Office in Berlin.
* Nearly tripled employee count to approach nearly 1,000 professionals worldwide.
* Recognized with numerous awards for its values-based culture and unique employee benefits, appearing in such lists and publications as: LinkedIn's 50 Most Sought-After Startups; Fortune's 50
*Best Places Workplaces in Technology; Inc. Magazine's Best Place to Work (multiple categories); Business Insider's 8 Cloud Computing Startups to Bet Your Career On; and Money's "50 Hottest Startups to Work For Right Now."
*Increased Snowflake's leadership by adding Chief Legal Officer Margo Smith; Chief Finance Officer Thomas Tuchscherer; and Chief People Officer Kathy O'Driscoll. We also added former Adobe CFO Mark Garrett to Snowflake's Board of Directors.

From Snowflake's website:
Conventional data platforms and big data solutions struggle to deliver on their fundamental purpose: to enable any user to work with any data, without limits on scale, performance or flexibility. Whether you’re a data analyst, data scientist, data engineer, or any other business or technology professional, you’ll get more from your data with Snowflake.

To achieve this, we built a new data platform from the ground up for the cloud. It’s designed with a patented new architecture to be the centerpiece for data pipelines, data warehousing, data lakes, data application development, and for building data exchanges to easily and securely share governed data. The result? A platform delivered as a service that’s powerful but simple to use.

Resources:
https://www.snowflake.com/product/
https://www.prnewswire.com/news-relea...
https://www.thestreet.com/investing/s...
https://media.thinknum.com/articles/s...
https://www.zdnet.com/article/snowfla...
https://www.zdnet.com/article/snowfla...
https://www.snowflake.com/wp-content/...
https://15721.courses.cs.cmu.edu/spri...
https://az659834.vo.msecnd.net/events...
https://0x0fff.com/snowflake-the-good...
https://tc18.tableau.com/sites/defaul...
https://www.pacificdataintegrators.co...

Disclaimer:
I have been investing in the stock market for over 20 years, but I am not a financial advisor or a legal professional, and I am not providing financial or legal advice. The information provided is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. FIRED Up Wealth and Eric Cuka do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. Past performance is no guarantee of future results.

Update, the ticker will be SNOW stock.
Cloud data platform Snowflake (NYSE:SNOW) files to list on the NYSE under the ticker "SNOW." The number of shares and price will be determined later.

#stocks #IPO #Snowflake #highgrowth