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3 Reasons to Buy Snowflake Stock, and 3 Reasons to Sell

TheMotleyFool

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3 Reasons to Buy Snowflake Stock, and 3 Reasons to Sell: https://g.foolcdn.com/editorial/images/698056/digital-snowflake-circuit.jpg

Snowflake's (NYSE: SNOW) stock surged 18% during after hours trading on Aug. 24 following the release of the company's second-quarter report. The cloud-based data warehousing company's revenue surged 83% year-over-year to $497.2 million, beating analysts' estimates by $29.9 million. But its net loss still widened from $189.7 million to $222.8 million, or $0.70 per share, and missed the consensus forecast by $0.12.

Snowflake's robust revenue growth overshadowed its earnings miss, but is it still a worthwhile investment in this tough market for tech stocks? Let's review three reasons to buy Snowflake -- and three reasons to sell it -- to decide.

Image source: Getty Images.

Source Fool.com

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