Snowflake Shares Up on Upbeat Guidance: ETFs to Benefit
SNOWSnowflake(SNOW) zacks.com·2024-05-23 21:36

Software solutions provider Snowflake (SNOW) reported a moderate start to the fiscal year with first-quarter revenue topping expectations. Although the company missed on earnings estimate, upbeat guidance sent shares up by 4.4% in after hours on May 22, 2024. This puts focus on Snowflake-heavy ETFs likeSpear Alpha ETF (SPRX) , TrueShares Technology, AI & Deep Learning ETF (LRNZ) and Global X Cloud Computing ETF (CLOU) . The cloud-based data warehousing company announced that its revenue for the quarter was ...