Snowflake Shares Continue to Melt. Is It Time to Buy the Dip?
SNOWSnowflake(SNOW) The Motley Fool·2024-08-27 06:15

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 ...