Snowflake Dips Below Its IPO Price: Is It Time to Buy or Sell?
Snowflake(SNOW) The Motley Fool·2024-08-27 18:52
Is there any hope left for this fallen hypergrowth stock?Snowflake's (SNOW 1.85%) stock plunged 15% on Aug. 22 after it posted its latest earnings report. For the second quarter of fiscal 2025, which ended on July 31, the cloud-based data warehousing company's revenue rose 29% year over year to $869 million and cleared analysts' estimates by $19 million. Its adjusted net income fell 21% to $64 million, or $0.18 per share, but still beat the consensus forecast by two cents.Snowflake exceeded Wall Street's ex ...