Snowflake stock slips 8% after the earnings report, beats top and bottom lines, but premium valuation doesn't match profitability expectations. I downgrade Snowflake to a sell due to high premium valuation at 45x this year's free cash flow. Snowflake's growth rates are expected to decelerate, profitability metrics moving in the wrong direction, making the stock excessively expensive and difficu...
Shares in cloud data-warehouse software company Snowflake (SNOW) dropped 8% in extended trading on Wednesday after a widening net loss and rising costs overshadowed quarterly results that came in ahead of expectations. Moreover, despite the firm raising its annual revenue outlook, it left its gross margin forecast unchanged, also possibly contributing to after-hours weakness.
Snowflake Inc. (NYSE:SNOW ) Q2 2025 Earnings Conference Call August 21, 2024 5:00 PM ET Company Participants Jimmy Sexton - Head of IR Sridhar Ramaswamy - CEO Mike Scarpelli - CFO Christian Kleinerman - EVP of Product Conference Call Participants Keith Weiss - Morgan Stanley Raimo Lenschow - Barclays Mark Murphy - JPMorgan Kirk Materne - Evercore Kash Rangan - Goldman Karl Keirstead - UBS Brent...
Snowflake Inc. beat expectations for the latest quarter and boosted its guidance, but shares of the data-software company were still moving lower in Wednesday's extended session.
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