Snowflake Inc (NYSE:SNOW) stock is up 31.1% to trade at $169.31at last glance, on track for its best-ever single-day percentage gain after the software maker reported a third-quarter earnings beat o 20 cents per share and better-than-expected revenue of $942 million.
Snowflake is one of the fastest-growing tech stocks out there, but also very expensive.
Snowflake's shares surged more than 24% in premarket trading on Thursday after the data analytics provider raised its annual product revenue forecast, signaling growing demand for cloud-based data storage and analytics.
Snowflake (SNOW) shares surged Thursday morning after the data software company reported better-than-expected results for the third quarter after the bell on Wednesday.
Snowflake's FQ3 2025 earnings beat expectations, boosting share price by 20%, and showcasing its strong long-term growth strategy and customer-centric approach. The company's innovative Data Cloud platform and consumption-based pricing model drive rapid customer base expansion and high net revenue retention rates. Despite high P/E ratios, aggressive R&D and marketing investments are expected to fuel future revenue growth and profitability, with a 44% upside potential.
Snowflake Inc clawed back some of its year-to-date losses in Thursday's pre-market trades following a strong third-quarter revenue result. The cloud-based data-storage company's total sales reached $942.1 million in the quarter, representing a 28% year-over-year increase.
Jefferies raised the firm's price target on Snowflake to $180 from $145 and keeps a Buy rating on the shares. The company reported a strong quarter with a "record-setting beat and raise" and remaining performance obligation growth acceleration to 55% year-over-year, the analyst tells investors in a research note. The firm thinks Snowflake now "has a massive runway ahead" while Iceberg headwinds "were better-than-feared."
Snowflake (SNOW) shares jumped 20% in extended trading on Wednesday after the data analytics software maker reported better-than-expected earnings and boosted its revenue outlook.
Snowflake Inc. (NYSE:SNOW ) Q3 2025 Earnings Conference Call November 20, 2024 5:00 PM ET Company Participants Jimmy Sexton - Head of IR Sridhar Ramaswamy - CEO Mike Scarpelli - CFO Christian Kleinerman - EVP of Product Conference Call Participants Mark Murphy - JPMorgan Keith Weiss - Morgan Stanley Kash Rangan - Goldman Raimo Lenschow - Barclays Kirk Materne - Evercore Brad Zelnick - Deutsche Bank Brent Thill - Jefferies Michael Turrin - Wells Fargo Alex Zukin - Wolfe Research Brad Sills - Bank of America Operator Good afternoon. Thank you for attending the Snowflake Q3 Fiscal 2025 Earnings Conference Call.
The headline numbers for Snowflake (SNOW) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Snowflake Inc. (SNOW) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.25 per share a year ago.
Cloud giant Snowflake has agreed to acquire Datavolo, a data pipeline management company, for an undisclosed sum.