7 Red Flags for Snowflake's Future
Snowflake (NYSE: SNOW) posted its first-quarter earnings report on May 25. The cloud-based data warehousing company's revenue rose 85% year over year to $422.4 million, which beat analysts' estimates by $9.4 million. Its net loss narrowed from $203.2 million to $165.8 million, but its corresponding loss of $0.53 per share missed expectations by two cents.
Investors didn't seem impressed by those mixed headline numbers, and Snowflake's stock on May 26 briefly slipped below its IPO per-share price of $120. That might seem like an attractive entry point for new investors, but seven red flags suggest things might get worse before they get better.
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Source Fool.com
