SNOWFLAKE INC.

(SNOW)
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Delayed Nyse  -  05/27 04:00:02 pm EDT
129.91 USD   +2.45%
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Snowflake Announces Support for ITAR Compliance on Microsoft Azure Government and AWS GovCloud

01/25/2022 | 09:16am EDT

Federal agencies can unlock value from sensitive and critical data with Snowflake’s Data Cloud

Snowflake (NYSE: SNOW), the Data Cloud company, today announced it supports compliance with the International Traffic in Arms Regulations (ITAR) through the Directorate of Defense Trade Controls (DDTC). ITAR is a set of US regulations and controls related to the import, export, and re-export of defense-related articles and services, including technical data, as promulgated through the United States Munitions List (USML).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220125005254/en/

Snowflake Announces Support for ITAR Compliance on Microsoft Azure Government and AWS GovCloud (Graphic: Business Wire)

Snowflake Announces Support for ITAR Compliance on Microsoft Azure Government and AWS GovCloud (Graphic: Business Wire)

Snowflake’s ITAR compliance attestation includes an independent evaluation of both Microsoft Azure Government and AWS GovCloud Snowflake deployments by an Independent Third-Party Assessment Organization (3PAO). As an organization ready to support customers’ ITAR compliance, Snowflake can further empower public sector agencies with the ability to seamlessly and securely unlock value from data, while adhering to the strict compliance requirements of the agencies and organizations with data that is subject to ITAR.

“The Data Cloud unlocks critical value in the public sector by transforming how agencies collaborate across their ecosystems and enabling them to engage strategically on global issues, advance innovation, and improve the lives of citizens,” said Jeff Frazier, Global Head of Public Sector at Snowflake. “Snowflake is committed to serving the needs of public sector agencies. This latest compliance attestation demonstrates a deepening of this commitment.”

Snowflake’s Data Cloud breaks down data silos with seamless, secure data sharing capabilities to drive collaboration on sensitive data, and delivers governed, and near real-time data access with a single platform. In addition to ITAR compliant, Snowflake is also FedRAMP Moderate Authorized on AWS GovCloud and Azure Government.

Learn More:

About ITAR Regulations

Companies engaged in the manufacturing, exporting, temporary importing, or brokering of defense articles (including technical data), or provisioning of defense services controlled by the ITAR (see the U.S. Munitions List), need to know what the ITAR requires of them. This will include: (1) registration, (2) maintenance of records required by 22 CFR §122.5, and (3) obtaining licenses or other approvals prior to making exports, temporary imports, or engaging in brokering activities.

For more information Visit: https://www.pmddtc.state.gov/ddt_public

About Snowflake

Snowflake enables every organization to mobilize their data with Snowflake's Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 223 of the 2021 Fortune 500 as of October 31, 2021, use Snowflake Data Cloud to power their businesses. Learn more at snowflake.com.


© Business Wire 2022
All news about SNOWFLAKE INC.
05/26UBS Adjusts Snowflake Price Target to $165 From $180, Maintains Buy Rating
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05/26Atlantic Equities Adjusts Price Target for Snowflake to $140 From $240, Maintains Neutr..
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Financials (USD)
Sales 2023 2 025 M - -
Net income 2023 -737 M - -
Net cash 2023 3 072 M - -
P/E ratio 2023 -55,8x
Yield 2023 -
Capitalization 41 322 M 41 322 M -
EV / Sales 2023 18,9x
EV / Sales 2024 12,2x
Nbr of Employees 3 992
Free-Float 90,0%
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Number of Analysts 31
Last Close Price 129,91 $
Average target price 206,97 $
Spread / Average Target 59,3%
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Managers and Directors
Frank Slootman Chairman & Chief Executive Officer
Michael P. Scarpelli Chief Financial Officer
Thierry Cruanes Chief Technology Officer
Sunny Bedi Chief Information & Data Officer
John Dennis McMahon Independent Director
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