Is It Too Late to Buy Snowflake Stock?
Snowflake's (NYSE: SNOW) stock plunged 18% on Feb. 29 after the cloud-based data warehouse services provider followed up its strong earnings report with soft guidance and the abrupt resignation of its CEO, Frank Slootman.
For the fourth quarter of fiscal 2024, which ended on Jan. 31, Snowflake's revenue rose 32% year over year to $775 million and exceeded analysts' estimates by $14 million. Within that total, its product revenue increased 33% to $738 million. Its adjusted EPS jumped 150% to $0.35 and cleared the consensus forecast by $0.17.
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Source Fool.com
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