Snowflake Earnings Beat. Software Stock Reverses Up On Big Customer Growth

Group 1 - Snowflake reported fourth quarter earnings and revenue that slightly exceeded Wall Street expectations, driven by strong growth in acquiring large customers [1] - The company's product revenue guidance for fiscal 2027, starting in the April quarter, was slightly above analyst views [1] - Snowflake's stock showed a reversal upward following the earnings report, indicating positive market reaction [1] Group 2 - The broader market context includes rising Dow futures and strong performance from Nvidia, which is also influencing investor sentiment towards software stocks [1] - Snowflake's relative strength rating was upgraded to 81, reflecting improved market leadership despite challenges faced by the software sector [1] - Other software companies, such as Datadog, also reported earnings that topped expectations, contributing to a rally in software stocks [1]