Here's Why Snowflake Stock Soared 52% Last Month
Shares of data company Snowflake (NYSE: SNOW) soared 52.2% during November, according to data provided by S&P Global Market Intelligence. The stock was already up about 15% in the first half of the month. But it skyrocketed after reporting financial results for its fiscal third quarter of 2025 on Nov. 20.
For context, Snowflake stock is still down year to date even though the S&P 500 is having an above-average year. At the end of October, it was down 42% for 2024 as investors worried about its slowing growth rate and rising expenses. But the Q3 report provided fresh reason for optimism.
The biggest development for Snowflake is that it had some big customer wins in Q3. It added 400 new customers during the quarter, of which about 20 are members of the Forbes Global 2000. Moreover, customers spending $1 million or more annually had an impressive 25% jump.
Source Fool.com
