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Snowflake Dips Below Its IPO Price: Is It Time to Buy or Sell?
The Motley Fool· 2024-08-27 10:52
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 ...
Snowflake Shares Continue to Melt. Is It Time to Buy the Dip?
The Motley Fool· 2024-08-26 22:15
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 ...
Snowflake: Worst Fears Were Confirmed
Seeking Alpha· 2024-08-26 00:00
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 ...
Snowflake, JD.com And Temu Parent PDD Are Among Top 8 Large Cap Losers Last Week (Aug 18-Aug 24): Are The Others In Your Portfolio?
Benzinga· 2024-08-25 16:07
These eight large-cap stocks were the worst performers in the last week. Are they in your portfolio? Also Read: Photo via Shutterstock ...
Warren Buffett May Have Been Right to Sell Snowflake Stock. Does That Mean You Should Sell, Too?
The Motley Fool· 2024-08-25 08:50
Your investing goals may differ from Buffett's.Warren Buffett's team at Berkshire Hathaway (BRK.A 0.94%) (BRK.B 0.97%) recently released its 13-F for the second quarter of 2024. It revealed many dramatic changes to the portfolio in Q2, and one notable one was its sale of Snowflake (SNOW 0.56%) stock.Many industry experts touted Snowflake as the future of the data cloud, thanks to its data storage and handling platform. Still, massive financial losses, a data breach, and a surprise change in CEOs may have ra ...
Should Investors Buy Snowflake Stock on the Dip?
The Motley Fool· 2024-08-24 20:12
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Snowflake. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Why Snowflake Stock May Continue Disappointing Investors
The Motley Fool· 2024-08-24 07:51
The data cloud company's stock fell sharply this week. But it could get worse.With shares of data cloud technology company Snowflake (SNOW 0.56%) getting hammered this week following its fiscal second-quarter earnings report, some investors may be wondering if this is a good opportunity to buy the dip in the growth stock. After all, shares are not only down more than 40% over the last 12 months, but they are trading far below the $245 price the stock started trading at on its public debut in 2020.But invest ...
Snowflake: Beat Q2 Earnings, Here's Why The Stock Is Melting
Seeking Alpha· 2024-08-23 21:38
AZemdega/E+ via Getty Images Investment Thesis Snowflake Inc. (NYSE:SNOW) reported earnings after the bell on Wednesday. Even with the software company delivering quarterly results that beat on both the top and bottom line, shares fell almost 15% on Thursday. The data storage company’s forward guidance and deceleration in year-over-year revenue growth have raised alarms. This is something I have been pointing out since I last wrote on SNOW in May. Snowflake's forward guidance, while upped slightly, did ...
Snowflake Q2 Earnings: AI Winter Hits Hard And Fast (Rating Downgrade)
Seeking Alpha· 2024-08-23 12:30
J Studios Snowflake's AI Winter Snowflake Inc. (NYSE:SNOW) investors felt the AI winter in August 2024, as the stock of the data lakehouse company scored a new low. The recent dip-buying from SNOW's August lows saw a significant reversal this week as investors reassessed Snowflake's weak guidance at its recent earnings scorecard. The company posted a double-beat in Snowflake's FQ2 earnings release, although its outlook likely disappointed the market. SNOW's guidance suggests that FQ3's revenue is expect ...
Snowflake Q2: Assessing Impact From Cyberattack
Seeking Alpha· 2024-08-22 18:18
artisteer/iStock via Getty Images I published my bull thesis for Snowflake Inc. (NYSE:SNOW) in March 2024, highlighting their expansion into data cloud, powering data sharing, analytics and marketplace listing and more. The company released its Q2 FY25 results on August 21st. Despite beating the market consensus, Snowflake’s stock price got a hit due to the concerns about the cyberattack occurred in May. I reiterate a “Strong Buy” with a one-year price target of $210 per share. Impact From Cyberattack A ...