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Snowflake Stock Jumps on Better-Than-Expected Results, Outlook
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Key Points
- Cloud software providers reported that Snowflake stock’s stock surged 13% in Thursday’s listing trading, a result reported by cloud software providers, and the outlook for a booming demand for AI products thrives.
- Snowflake’s current product revenue is expected to be between $955 million and $960 million, converting to a year-on-year growth of 21%-22%.
- “Management points out that a better understanding of the upcoming AI product ramp will drive meaningful re-acceleration,” Citi analysts wrote.
Snowflake’s shares (Snow) The outlook for the demand for a booming surged by cloud software providers on Thursday with better results than estimates and the outlook for a thriving demand surged by 13%. Artificial Intelligence (AI) product.
The company released adjustments for the fourth quarter of fiscal 2025 Earnings per share (EPS) Revenue was $0.30, up 27% year-on-year to $986.8 million. Analysts with visible Alpha votes are expected to be $0.18 and $957.6 million, respectively.
Product revenue was $943.3 million, estimated at more than 28%. Snowflake’s current product revenue is expected to be between $955 million and $960 million, converting to 21%-22%.
“Management points out that a better understanding of the upcoming AI product ramp will drive meaningful re-acceleration,” Citi analysts wrote.
Snowflake shares have fallen nearly 30% over the past 12 months.
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