Brent Thill, Jefferies Analyst, joins 'Closing Bell Overtime' to talk Snowflake earnings as shares spike over 13% in extended trading.
Snowflake's lates earnings and revenue beat Wall Street estimates.
Snowflake reported better-than-expected results on the top and bottom lines. The stock jumped in extended trading.
Snowflake's last three earnings reports spurred negative stock reactions, but investors seem to like the company's upbeat guidance this time around
Snowflake raised its annual product revenue forecast on Wednesday, betting on robust demand for its data cloud and analytics platform as an easing economy allows clients to free up their budget for spending on technology.
Chris McMahon calls Snowflake (SNOW) a "case study" in the cloud industry. On its current trajectory, he believes the company won't see highs it previously reached for another 24 to 36 months.
Snowflake Inc SNOW will report third-quarter earnings on Wednesday. Wall Street expects 15 cents in earnings per share and $896.99 million in revenues as the company reports after market hours.
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As the software industry nears a crossroads, one industry analyst expressed confidence in a few big names ahead of third-quarter earnings season.
SNOW's third-quarter fiscal 2025 results are likely to benefit from a strong portfolio despite margin pressure on rising GPU costs.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Beyond analysts' top -and-bottom-line estimates for Snowflake (SNOW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.