Could Snowflake Be A Potential Suitor For Braze?

Sep. 14, 2022 2:00 AM ETBraze, Inc. (BRZE)CXM, SMAR, SNOW10 Comments
Yves Sukhu profile picture
Yves Sukhu
1.97K Followers

Summary

  • BRZE shares got absolutely crushed Tuesday in spite of reporting a strong set of Q2 FY ‘23 results Monday, including 55% growth in sales.
  • Investors may be spooked by slowing top-line growth underpinned by selling environment pressures and sales productivity issues, while SG&A costs are simultaneously going up.
  • Still, BRZE is playing in a good market, often characterized by large, strategic deals, with a solution offering that saw the number of large customers jump by 70% in Q2.
  • With BRZE’s data layer based on Snowflake, I speculate that SNOW could be a potential suitor for BRZE down the road whereby the platform can drive core SNOW business.
Multi racial diverse group of people working with Paperwork on a board room table at a business presentation or seminar. The documents have financial or marketing figures, graphs and charts on them. There are laptops and digital tablets on the table

courtneyk

Braze Stock Got Hazed Tuesday

To some, the holy grail of brand marketing is a holistic view of one’s customer and an ability to touch the customer across all of their possible interaction points, which may include (but are certainly not limited to) mobile

This article was written by

Yves Sukhu profile picture
1.97K Followers
I have a background in enterprise software. From time to time, I stray from the technology sector to write about companies that I think are worthy long-term investments.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BRZE over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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