Olena_T/E+ via Getty Images Snowflake Inc. (NYSE:SNOW) has sold off after the company reported quarterly results for 2Q24 that pointed towards an ongoing deceleration of its sales growth. The company’s stock price plummeted 15% after earnings and have remained volatile ever since. Furthermore, the stock has broken through key support levels, including the 20-day and 50-day moving average lines, which has created a short-term bearish chart picture. With that being said, though, Snowflake is enjoying a he ...

Snowflake is still growing at around 30%, but its losses are also rising.While many tech and artificial intelligence stocks have been flying high this year, Snowflake (SNOW 2.22%) is going in the opposite direction. Down 43% year to date, the cloud computing stock vastly underperformed the market -- the S&P 500 rallied 17% this year.Snowflake's business faced multiple headwinds this year. It was involved in a data breach and investors weren't excited with a change in the CEO position that took place months ...

Developing artificial intelligence products isn't cheap, and Snowflake certainly isn't holding back.Snowflake's (SNOW -3.45%) flagship product is the Data Cloud, which helps organizations break down data silos to extract more value from the information they harvest from their operations. Since data is the key to developing the most powerful artificial intelligence (AI) models, Snowflake is in the perfect position to build products for that industry.The company launched its Cortex AI platform in 2023, which ...

While many stocks are back at or close to their all-time highs, some, like Snowflake Inc. NYSE: SNOW, remain a long way away. The data storage giant is one of those tech companies that IPO’d during the pandemic when rates were super low and skyrocketed immediately. Snowflake TodaySNOWSnowflake$115.52 -2.48 (-2.10%) 52-Week Range$107.93▼$237.72Price Target$176.03Add to WatchlistHowever, a quick look at its long-term chart tells you everything and the Montana-headquartered stock has been on the back foot sinc ...

John M Lund Photography IncIntroduction and Investment thesis Snowflake (NYSE:SNOW) continued its streak of disappointing quarterly results as the shares of the Sridhar Ramaswamy led data cloud company tanked 15% following the FY25 Q2 earning release. Sentiment has already been negative going into the release, resulting from a cybersecurity incident where data from millions of Snowflake users have been compromised. The fact that this didn’t result from the breach of Snowflake’s security systems provided ...

Steven Errico/DigitalVision via Getty Images My Thesis Snowflake (NYSE:SNOW) has become something of a controversial stock lately: the company has continued to grow revenue by about 30% on a YoY basis, but at the same time, the stock is down more than 40% YTD. This scenario could tempt some investors and analysts to buy this heavy dip. They could be right, but given recent trends, I see no reason to take risks now - we need confirmation that sales growth has bottomed out and that bottom-line profitabili ...

Is there any hope left for this fallen hypergrowth stock?Snowflake's (SNOW 1.85%) stock plunged 15% on Aug. 22 after it posted its latest earnings report. For the second quarter of fiscal 2025, which ended on July 31, the cloud-based data warehousing company's revenue rose 29% year over year to $869 million and cleared analysts' estimates by $19 million. Its adjusted net income fell 21% to $64 million, or $0.18 per share, but still beat the consensus forecast by two cents.Snowflake exceeded Wall Street's ex ...

Why does the stock continue to struggle?A difficult year for Snowflake (SNOW 1.85%) investors only got worse after the second-quarter results from the cloud-based data warehousing company disappointed investors. The stock immediately fell 15% the session following its earnings announcement and is now down more than 40% on the year.Let's take a closer look at the company's Q2 earnings report and judge if investors should consider buying the dip in the stock.Good growth, but not good enoughPart of Snowflake s ...

enter89Snowflake Inc. (NYSE:SNOW) entered earnings in a precipitous place, facing decelerating growth after multiple cyberattacks hit confidence in the business. The AI data company confirmed the fears, sending the stock back to test the lows. My investment thesis remains Bearish on the stock with no turnaround in sight and a stretched valuation, as if the company was still producing premium growth rates. Sales Deceleration While Snowflake spent the majority of the earnings call discussing new AI techno ...

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