TickerBrief

SNOW · Snowflake Inc.

Snowflake Inc SNOW

Provides a cloud-based data platform for data warehousing, analytics, and application development used by enterprises.

Industry
Technology
Listed on
New York Stock Exchange
IPO
2020-09-16
Website
snowflake.com

Daily brief

Snowflake surges after a blowout quarter and raised guidance

-4.37% to $305.84 from $319.80

What moved SNOW

  • Second-quarter product revenue reached $1.49 billion, up 37% year over year, while total revenue of $1.55 billion rose 35%.
  • Remaining performance obligations climbed 30% year over year to $9.00 billion, and net revenue retention stood at 126%.
  • Snowflake raised its full-year product revenue growth guidance to 36% year over year.
  • Shares soared as much as 16% following the report.

Sources: Vantage Markets · 24/7 Wall St.

Daily brief

Snowflake gains with AI-cloud peers ahead of earnings

+4.86% to $307.53 from $293.28

What moved SNOW

  • Shares advanced alongside CoreWeave and Oracle as part of a broader rally in AI-linked cloud infrastructure stocks.
  • The move came ahead of Snowflake’s upcoming quarterly report, with at least one analyst note citing strong demand signals and encouraging AI product traction.

Sources: 24/7 Wall St. · TradingKey

More on Snowflake Inc.

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