Snowflake's Shift in Narrative and Product Velocity Key to Future Growth, Analyst Says
Snowflake's Shift in Narrative and Product Velocity Key to Future Growth, Analyst Says
Needham analyst Mike Cikos reiterated Snowflake Inc (NYSE:SNOW) with a Buy and a $210 price target.
Needham分析師Mike Cikos重申Snowflake Inc（NYSE：SNOW）的買入評級和210美元的目標價。
Shares of Snowflake are among the worst performers in Cikos' coverage year-to-date. The company pulled its long-term guidance and changed the CEO.
Snowflake股票是Cikos今年追蹤的表現最差的股票之一。該公司取消了其長期預測，並更換了CEO。
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The analyst said that Snowflake has to execute the shift in the narrative. In the meantime, CEO Sridhar Ramaswamy has accelerated the company's internal product velocity, he noted.
該分析師表示，Snowflake必須執行敘述中的轉變。同時，他指出，CEO Sridhar Ramaswamy加快了公司內部產品速度。
Cikos attributed the recent upturn in Snowflake's shares to investors understanding Mandiant's findings and looking for additional appreciation as management execution shifts the narrative.
Cikos將Snowflake股票的最近反彈歸因於投資者了解Mandiant的調查結果，並尋求額外的升值機會，因爲管理執行改變了敘述。
The analyst noted, "Mandiant's investigation did not find any evidence to suggest that unauthorized access to Snowflake customer accounts stemmed from a breach of Snowflake's enterprise environment."
該分析師指出：“Mandiant的調查沒有發現任何證據表明對Snowflake客戶帳戶的未經授權訪問源自Snowflake的企業環境被破壞。”
Snowflake is walking a fine line, as specific customers don't want Multi-Factor Authentication (MFA) since it would impact some workloads' machine-to-machine calls, Cikos said. Barring two customers who are especially contentious in finger-pointing, most understand the dynamic cybersecurity landscape. However, headline risk has lengthened the company's sales cycles, particularly for New Logos, as reflected in Snowflake's stock price, as per Cikos.
Cikos說，Snowflake正面臨一個微妙的問題：特定的客戶不想要多因素身份驗證（MFA），因爲這會影響一些工作量的機器對機器調用。除了兩個在責備方面特別有爭議的客戶，大多數人都了解動態的網絡安全形勢。然而，頭條風險已經延長了該公司的銷售週期，特別是對於新的標誌性案例，如Cikos所述。
As the industry rallies around Iceberg, some investors are concerned that Snowflake is playing a game of speeds and feeds. The analyst argued that this is not the case. Snowflake's performance has improved consistently since its founding, with regular workload wins as a high-performance compute engine per Cikos.
隨着行業集結到Iceberg周圍，一些投資者擔心Snowflake正在玩速度和饋送的遊戲。該分析師認爲情況並非如此。Snowflake的表現自創立以來一直保持不斷改善，以高性能計算引擎獲得定期工作量贏得。
The analyst said that by expanding to Iceberg, Snowflake increases the volume of addressable data while removing concerns over vendor lock-in and data duplication/migration. Multiple Enterprise customers have adopted Snowflake as a platform of record, he added. Cikos noted key innovations like Native App Framework and Unistore solidifying the company's strong position in its customers' environments.
該分析師表示，通過擴展到Iceberg，Snowflake擴大了可尋址數據的量，並消除了供應商鎖定和數據複製/遷移的擔憂。他補充說，多個企業客戶已將Snowflake作爲記錄平台採用。Cikos指出的Native App Framework和Unistore等關鍵創新鞏固了該公司在其客戶環境中的強勁地位。
Cikos projected second-quarter revenue and adjusted EPS of $845.5 million and $0.17.
Cikos預測第二季度營業收入和每股收益分別爲8455萬美元和0.17美元。
Price Action: SNOW shares were trading lower by 0.57% at $142.21 at the last check Monday.
價格行動：截至週一最後一次檢查，SNOW股票下跌0.57%，交易價爲142.21美元。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。