Cloud Software Stocks Rip Higher After Strong Earnings from Snowflake, Others

Many enterprise software stocks are adding to their big 2020 gains on Thursday, as investors take heart in a batch of strong earnings reports that were posted on Wednesday afternoon.

Zscaler  (ZS) – Get Report is up 24.3%, Okta  (OKTA) – Get Report is up 6.9%, Snowflake  (SNOW) – Get Report is up 16%, Elastic  (ESTC) – Get Report is up 14.2% and CrowdStrike  (CRWD) – Get Report is up 15.1% after each company comfortably beat its October quarter estimates and (generally speaking) issued strong guidance. And a number of other software names appear to be catching sympathy bids.

Palantir Technologies  (PLTR) – Get Report, which tumbled yesterday on a Morgan Stanley downgrade, is up 8.8%. Smartsheet  (SMAR) – Get Report is up 6.8%, Datadog  (DDOG) – Get Report is up 4.8%, Unity

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Data Warehouse Software Market Next Big Thing | Major Giants- Oracle, Snowflake, Micro Focus, Panoply

(MENAFN – GetNews) Stay up-to-date with Data Warehouse Software Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth.

The latest update of Global Data Warehouse Software Market study provides comprehensive information on the development activities by industry players, growth opportunities and market sizing for Data Warehouse Software, complete with analysis by key segments, leading and emerging players, and geographies. The 93 page study covers the detailed business overview of each profiled players, its complete research and market development history with latest news and press releases. The study helps in identifying and tracking emerging players in the market and their portfolios, to enhance decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Some of the players profiled/ part of study coverage are Amazon Web Services, Microsoft, IBM, Google, Oracle, SAP America, Snowflake, Micro Focus, Panoply, Pivotal Software,

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Snowflake introduces Snowpark, a new developer environment for data programming

Cloud data management and warehouse provider Snowflake announced a bevy of product updates Tuesday that aim to improve data discovery across its platform. Key feature updates include support for more types of data, a new developer experience, more granular data controls, and expanded access to data services from third party providers.

On the developer side, Snowflake introduced Snowpark, described as a new way to program data in Snowflake via a set of optimized APIs. 

The service includes native support for multiple programming languages, allowing developers, data engineers and data scientists to write code in the language of their choice. Snowflake posits that Snowpark will simplify an organization’s IT architecture by bringing more data pipelines into Snowflake’s single, governed core data platform. Snowpark is currently available in testing environments only.

Meanwhile, the company announced that its marketplace now enables access to third-party data service providers. Snowflake also announced a row access

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Pick Palantir Over Snowflake?

[Updated 10/22/2020] Snowflake Vs. Palantir

The last month saw Palantir (NYSE: PLTR) and Snowflake (NYSE: SNOW) – two relatively high profile software players go public. Snowflake’s software enables organizations to manage and analyze large quantities and diverse types of data across public clouds such as Amazon’s AWS in a single, easy to use platform. Palantir offers big data and analytics solutions primarily used by governments and intelligence agencies, although it has been expanding its presence in the commercial space.

While the two companies are focused on big data, investors are valuing them very differently. Snowflake stock trades at over 120x projected FY’21 Revenues (FY ends January) while Palantir trades at just about 15x projected FY’20 Revenues (FY end

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