Down 20% in 2024: Is Snowflake's Stock Still Worth Buying?

Will the cloud software company ever impress the bulls again?Snowflake (SNOW -3.47%) posted its latest earnings report on May 22. For the first quarter of fiscal 2025, which ended on April 30, the cloud-based data warehousing company's revenue rose 33% year over year to $829 million and surpassed analysts' estimates by $43 million. However, its adjusted net income dipped 5% to $51 million, or $0.14 per share, and missed the consensus forecast by $0.03.Snowflake's stock slumped after that mixed report, and i ...