SNOW

Possible-Pirate9097

lol SNOW grew because it *stopped* just being an ITSM.

Riskismyapellido

I was shortly. Except for PLTR, I always sold way to early when my thesis turned out correct only couple months later. XOM was one (bought in the twenties) sold in the 30ies. INTC believe it or not, and TXN. I buy, it dumps and then rocket up. TXN especially is getting to me because that would have bern a solid 100k profit just from holding shares. Right now, I am big in RBRK SNOW and ZS (which all dumped). I learned my lesson and will hold this until I make 100+% on those again

NaluknengBalong_0918

!p vm analyze the option chain of SNOW for me

tim_locky

As an enterprise pawn that used SNOW, yes it’s a meh. But then I don’t think the bigwigs up there know nor do care, and at the end of the day, SNOW does the job. Even the idea of switching service scares them.

tens00r

I think it's shit, but it might partly be down to how my company implemented it. We were forced to move to it a couple of years back from Redmine, though my deparment still uses Redmine for a ton of stuff because SNOW just can't handle it (despite pressure from management to move 100% to SNOW...).

DapperSea9688

I agree with you here. CTEM solves a data issue, which is an expensive issue to solve. Pair this with the Veza acquisition an you have front door ticketing (SNOW) for your IGA program (Veza) and then asset inventory and CTEM aggregation (Armis + VIPR) I’ve competed with all of these companies throughout different roles. They aren’t leading the pack but a combined pipeline of “good enough” that natively integrates is competitive. It also positions NOW as a cyber company solving big data issues instead of just ticketing and CMDB.

paligators

Based on what? SaaS earnings are very good for a lot of these companies. SNOW is not insulated, they have a smaller product portfolio, they are newer and behind on consumption and AI related products…

paligators

All SaaS is shifting to consumption from seat based. SNOW isn’t unique. The stocks wont recover until there is evidence that the new pricing models deliver long-term results. Until then, positivity around earnings beats will be very muted. There’s no long term predictability.

Eastern-Story-2583

Avoid IGV? I am considering NOW or SNOW. Any recommendations?

FearlessTrader

I’m doing something similar. Going in on NOW, ADBE, CRM, DUOL, MNDY, ZS, SNOW, FIG, TEAM, WDAY. Godspeed 🤛

tired_ani

Looking to start positions at some point in SNOW, maybe HEICO/GE .

veediepoo

Why wouldn't you buy MDB, SNOW, and TTD

MitchCurry

Whatever the fuck Yahoo Scout is, it says this for SNOW: Snowflake (SNOW) dropped 6.5% as analysts highlighted its significant underperformance compared to the tech sector's gains, despite positive earnings expectations.

AluminiumCaffeine

dont see news on why MDB/SNOW blasted?

AccuracyVsPrecision

I bought some SNOW i dont see how a SaaS data lake company doesnt accelerate with AI. You still need training data, storage, and good data api even if you use Ai.

InclinationCompass

Tools might make it easier to build stuff fast but that’s not the same as running massive mission-critical systems like SNOW or SAP. Those companies handles security, uptime, complianceand deeply embedded workflows at massive scale. AI helps startups move quickerbut it doesn’t suddenly solve trust, reliability or integration with a bunch of legacy systems. Large enterprises are also layering AI into what they already have.

Evening_Control6034

your stock pulled down my SNOW calls. damn!!

crankthehandle

I don't even use an abbreviation I just assume everyone knows what I am talking about. Why bother writing SN or SNOW?

BilboBagonuts

Same. I work in IT, my colleagues will use SNOW in chats. I just use SN. Just use the initials, what are these extra letters for!?

AluminiumCaffeine

Saas yes, but consumption (especially tied to code/projects) should be rising - which I think is why the market is being silly selling down say DDOG/DT/SNOW vs CRM/NOW... Consumption based software could easily accelerate not slow down

BilboBagonuts

NOW is the stock ticker, but the software ServiceNow often gets shortened as SNOW or SNow.

Swiftnice

Well if you bought puts yesterday on any of these MSFT, SNOW, ORCL, PLTR, TSLA, CRWD, SMCI, SNAP, RDDT, TTD You're probably doing pretty good today.

pitchfork999

agreed. bought 2 contracts for Jan 2028 150. My company is deep in SNOW, and while it is shit software - it works and no way would any large cap company risk to move to a vibe coded heap of trash developed by working students that will jump ship 6 months later

olb3

For context, during the 2021 bubble, the most expensive SaaS stocks were: - SNOW 100x revenue while revenue growth was 105% YoY and gross margin was 72%. SNOW's stock price declined from $429 to $107 (-75%) - NET 85x revenue while revenue growth was 55% and gross margin was 79%. NET's stock price declined from $222 to $37 (-83%) -SpaceX at 90x revenue would have revenue growth of 50% and gross margin of 55%, but true profitability would be even lower than that since depreciation isn't captured in gross margin. so, it would have the same revenue multiple as peak-bubble stocks, but with worse revenue growth and worse flow-through margin (worse scalability)

Baterick-Patman_

let it SNOW let it SNOW let it SNOW

itslikewoow

Did SNOW really crash after hours because people thought it was the ticker for Service Now?

Seated_Heats

SNOW is fucking atrocious to work with.

AluminiumCaffeine

Good stuff, DDOG and SNOW both seem like they could end up being consumption winners in software unfairly sold off with headcount based saas

Baterick-Patman_

Guys I told you this morning and you wouldn’t listen… long DDG long MDB long SNOW…!

Baterick-Patman_

Whoever is not buying the shit out of SNOW, DDG, MDB, RBRK at these prices what else do you want me to tell you??

Baterick-Patman_

Lets add DDOG, MDB, SNOW to that list

Xzlk

Holy fuck the private markets are so insanely disconnected from public valuations. Cursor raising at 50B plus when Claude nukes their business model. It’d look like Figma if it were public. Oh Databricks still hasn’t budged? Look at SNOW. They do the same fucking thing. Rude awakening on IPO day. They’ll all still go up 700% but when you can short, free money.

justpackingheat1

April 24 SNOW 129p contracts. Because Summer's almost here.

Ok-Parfait-9856

This is “pump the shit tech companies week bc there’s nothing else to pump” When quantum stocks, SNOW, and BB all pump, there’s a shit storm a’brewin

nivek_123k

i used to carry a hedge across the major indexes. the drag was significant even though I was mathematically sized appropriately (imo). then when the panic selling would happen the hedge was too small to significantly offset the losses. in the end I decided to spend my time on only trading 'fairly priced' quality firms and broad market ETF's. now I will only hedge individual positions that have reached an option greek threshold. this is usually +/-50 delta's per contract. it's also becoming apparent that it's a good idea to remove the hedges when the panic buying starts to build momentum. MSFT and SNOW will get that treatment in the account today. frustrating, but this is the game we play.

Short-Dependent7676

$SNOW next up to pump. I got in right at the bottom. It crashed like 10 times this year, it’s time for to catch up with other software stocks

shshsjw

SNOW about drop

Affectionate_Tart_38

Lot of tech stocks on sale lately. NOW, SNOW, CRM, MSFT are my favorites with major upside.

elitepilot09

Anyone got any insights on SNOW?

Short-Dependent7676

SNOW is the next thing to take off. Been flat for quite a bit now

AnEyeElation

The one software stock that made so much sense for me to increase my position on was SNOW. Up 8% today but that’s irrelevant, I think they have a bright future. Also, all the FUD related to AI gouging software stocks with let seat pricing models literally has nothing to do with SNOW, they make money on total compute used and storage. They do not have a per seat pricing model.

freekerosene

Damn SNOW, looks like Wendy’s on me tonight

freekerosene

Cmon SNOW, hit 5% for the banbet

Affectionate_Tart_38

Now is still a good time before NOW and SNOW takes off🚀

liftingshitposts

SNOW and NOW for me

Pete26l96

AWS's AI marketplace going to make $SNOW $NOW and all these other cloud computing SAAS companies face margin suppression. Don't fall for the pumper's bs Better upside just buying $AMZN with half the risk

Affectionate_Tart_38

NOW and SNOW now

freekerosene

!banbet SNOW +5% 8d

idontknow1967

I’m gonna lose my shit if we’re done 2-3% tomorrow and TSLA and SNOW somehow green

Swiftnice

PLTR will crash like all other SaaS has been. The only reason it didn't close down 8%+ like SNOW on Friday was 🥭's tweet temporarily pumping it

cest_la_vino

SNOW is gonna pop

liftingshitposts

NOW and SNOW were 2 of my pickups on Friday, couldn’t resist. ZS and even the shitter WDAY are also appealing here.

makomark26

I ditched SNOW,TEAM and AKAM today. I'm out There are better plays in my book. Right or wrong Software has been a blood bath.. Bought some AFRM LEAPS

Swiftnice

PLTR would have had the exact same chart as SNOW today if not for the 🥭 tweet. PLTR is gonna go back down and join it next week haha

ConstructionNo8827

Bought SNOW today at $120 Too hard to pass up but we’ll see - I took small loss on NOW few weeks back with similiar thought process - NOW is much lower now

JoshLovesTrees

What about SNOW?

Swiftnice

PLTR was following the chart on SNOW exactly this morning before 🥭 tweeted. It probably should have closed down 8% or 9%. I bet it continues next week now that they trapped some more retail money. lol

Odd-Block-2998

MSFT, SNOW and CRWD literally give up in a bull market. lmao Portfolio trailing > 5% from QQQ.

freekerosene

Picked up some calls for SNOW and MSFT, please keep the bombs in the planes this weekend 🥭

Jupiter168

SNOW

freekerosene

Grabbed some SNOW 4/24 120Cs, anyone else playing the DCB?

N-Pop

Lets talk about SNOW crash and burning. I'm down 20% since I bought shares. Anyone out there feel strong conviction, bull or bear case?

Affectionate_Tart_38

NOW and SNOW on record sale. Same with NKE

handsome_uruk

SNOW down 40 in like two days on no news is clearly a sign of market manipulation. It’s like missiles hit my port

handsome_uruk

Can he do SNOW. Pls my calls are so fucked

Maximum_Light409

dude wtf happening with SNOW and CRWD?

Market-Maker101

SNOW bottoming?

Swiftnice

PLTR chart was identical to SNOW before 🥭 tweeted so you can tell where PLTR should be right now lol

kananishino

So when we buying SNOW?

jlw993

FSLY getting absolutely slaughtered NET PANW SNOW DDOG NOW CRWD DOCN

Chazzyboi69

i have a theory. i think the ticker SNOW and service now are being confused for one another

csr8765

All the makings of a capitulation in software. Still wouldn’t buy MSFT here. But some of the others may see a nice turnaround later in the day. NOW, SNOW, DDOG. Or ZS, PANW if you want to play it with cyber

nicholasCageSucks

$SNOW is a bargain, agents can’t replace a damn SQL query engine you fools. Getting dragged down by rest of SaaS

CamxThexMan3

The SBC is the worst part. I think if you got in at SNOW ipo, you were diluted almost half of your position. And no price appreciation. Tough situation

isospeedrix

Dam who has NOW SNOW PLTR puts Or amd mrvl tsm calls

Such-Ice1325

SNOW soon 0 USD

claytondpark

Which one tho, I too been watching many (NOW, ADBE, FIG, CRM, SNOW, DDOG, WDAY, MDAY) all getting hammered everyday...

Defiant-Fee-7550

Full-ported SAAS shorts today. CRM / NOW / PLTR / CRWD / SNOW. Now just need another Claude news drop tomorrow 😦🤌

reaper527

> Not an investor just confused why SNOW gets taken to the woodchipper like the rest of Software. how much of these companies is held by ETF's? does people panic selling IGV have a measurable impact on the individual companies?

enc-nyc

SNOW -12%. Means Spring finally coming over?

FarrisAT

SNOW $130… down 14% What in the fuck happened? Is cloud compute dead? Not an investor just confused why SNOW gets taken to the woodchipper like the rest of Software.

handsome_uruk

look at how they massacred my boy $SNOW. madness. I'm buying the dip

_hiddenscout

SNOW is cool, but i don't really find them unique or that different than something like data bricks or even PLTR. Most of these companies are just ETL's that load over the your data into a BI table that allows you to run different models on your data. Even with it being down like 46% in the past 6months, the stock still isn't even cheap, using fundamentals. Still looking at a forward PE of 83, PS of 10, P/FCF at 43 and PEG of 2.8 [https://stockanalysis.com/stocks/snow/statistics/](https://stockanalysis.com/stocks/snow/statistics/) People will say "fundamentals don't matter", but I do think they do. They help you avoid over paying for something. Even at these levels, I find the stock expensive.

Chazzyboi69

as someone who uses Snowflake daily I can definitely say that AI tools will not eat its lunch. They make it exponentially more valuable. Being able to set up agents trained on your own data is the end game for business intelligence. SNOW is down 10% today

expensive_hammer

The SaaS stuff is way overblown because AI workflows are extremely expensive to scale. With that being said, extremely bullish on SNOW. We are spending more on Cortex in a month than we are on compute/storage, and our C-suite loves it. Definitely bad for any BI teams out there.

Affectionate_Tart_38

And NOW and SNOW🥹

KeyEmu7694

very big rotation going on, CRWD, SNOW, ADBE, S, RDDT among those destroyed today

FreonJunkie96

SNOW getting wrecked

g_bleezy

SNOW is the substrate AI rides on? You can just Venmo me that cash ace.

banff_lover

This post shows you don’t know what are you talking about if you think SNOW is just a SaaS

Odd_Raccoon_3191

SPX and SNOW puts opened september ‘21 and closed January ‘22. Deployed about 400k and closed at ~1.5MM. Changed my life but was incredibly painful along the way.

Iscratchmybutt

My buys of the week: MDB, SNOW, CRM, COPX, FIG, SOFI

No-Doctor9742

DNUT OPEN SNOW ORCL HD “Do Not Open Strait of Hormuz”

Money_Law7344

Ring, ring. Hey SNOW there's a rally going on and you're not in it.

vermilli21

SNOW looks like it’s drilling to earths core today 💀💀💀💀

H1ghlan_der_only1

-35%. Was 4m. PLTR and MRVL top holding. SNOW and RBRK are 3 and 4th. Just sold 30k MRVL and all into RBRK

Academic-Proof3700

so first all in $NUKE, then cash out and straight into $SNOW

Plus_Seesaw2023

MSFT ORCL NOW ADBE SAP CRM SNOW totally destroyed... ADSK

Unser_Giftzwerg

Is Databricks better than Snowflake? Would you also consider SNOW stock too?

dansdansy

See if you can get some shares for the Databricks IPO when it comes up. That or buy a mix of CRWD, PANW, ZS, SNOW, and NET. Avoid the etf.