It was quite overvalued in the

2
Comment
Favorite

ashk3
2022-03-03

It was quite overvalued in the first place. This drop may not be a bad thing

Snowflake Plunged 22% After Revenue-Growth Outlook Disappoints

(Bloomberg) -- Snowflake Inc., a software company that helps businesses organize data in the cloud,

Snowflake Plunged 22% After Revenue-Growth Outlook Disappoints

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

Baoxiaolong
·2022-03-03
drop more so we can buy more
Reply
Like
Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9033630512,"tweetId":"9033630512","gmtCreate":1646265073588,"gmtModify":1676534109455,"author":{"id":3568528830578074,"authorId":3568528830578074,"authorIdStr":"3568528830578074","name":"ashk3","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>It was quite overvalued in the first place. This drop may not be a bad thing&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>It was quite overvalued in the first place. This drop may not be a bad thing&nbsp;</p></body></html>","text":"It was quite overvalued in the first place. This drop may not be a bad thing","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9033630512","repostId":2216105764,"repostType":4,"repost":{"id":"2216105764","pubTimestamp":1646260349,"share":"https://www.laohu8.com/m/news/2216105764?lang=&edition=full","pubTime":"2022-03-03 06:32","market":"us","language":"en","title":"Snowflake Plunged 22% After Revenue-Growth Outlook Disappoints","url":"https://stock-news.laohu8.com/highlight/detail?id=2216105764","media":"bloomberg","summary":"(Bloomberg) -- Snowflake Inc., a software company that helps businesses organize data in the cloud, ","content":"<html><head></head><body><p>(Bloomberg) -- <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> Inc., a software company that helps businesses organize data in the cloud, plunged more than 22% in extended trading after projecting that product sales growth would slow from its previous triple-digit-percentage pace in the fiscal year.</p><p><img src=\"https://static.tigerbbs.com/f16df3b268c5f6eb1e2355c85e18f30f\" tg-width=\"715\" tg-height=\"619\" width=\"100%\" height=\"auto\"/></p><p>Product sales will increase as much as 67% to $1.9 billion in the current year, the company said Wednesday in a statement. While in line with estimates, the forecast represents a significant decline in Snowflake’s revenue growth, which has more than doubled year-over-year in each of the past six quarters.</p><p>The outlook suggests Snowflake is being hurt by the rising competition in the data storage and analytics sector. Product revenue makes up almost 95% of the company’s total sales.</p><p>The forecast “could be due to saturation of new customer additions at large companies,” said Mandeep Singh, an analyst at Bloomberg Intelligence. “Though we believe the company is likely to move toward midsized companies, it may mean adding more capabilities around data visualization,” he said in a note.</p><p>Snowflake also agreed to acquire Streamlit, a company that helps developers build and share data applications, in a stock-and-cash deal for $800 million, executives said on a conference call after the results were released.</p><p>Snowflake, which helps businesses cull and interpret data, gained prominence by taking the on-premises data warehouse and moving it to the cloud. However, its initial public offering, which was the largest in the U.S. in 2020, and subsequent success have led to a rush of investment in the sector, including into startups such as Databricks Inc. and Starburst Data Inc. that are trying to eliminate the need for Snowflake’s core offering.</p><p>But Snowflake is also adding features, like improved analytic capabilities to review corporate data to help predict future behavior, which is ramping up competition in a sector long-dominated by legacy vendors like Oracle Corp.</p><p>Fiscal fourth-quarter revenue doubled to $383.8 million. Analysts, on average, estimated $372 million. The company’s net loss narrowed to $132.1 million, or 43 cents a share, from a loss of $198.9 million, or 70 cents, in the period a year earlier.</p><p>Snowflake’s stock fell to a low of $184.02 in extended trading after closing at $264.69 in New York. The shares have declined 34% from a November high.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snowflake Plunged 22% After Revenue-Growth Outlook Disappoints</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSnowflake Plunged 22% After Revenue-Growth Outlook Disappoints\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 06:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/snowflake-plunges-revenue-growth-outlook-223229218.html><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Snowflake Inc., a software company that helps businesses organize data in the cloud, plunged more than 22% in extended trading after projecting that product sales growth would slow from...</p>\n\n<a href=\"https://finance.yahoo.com/news/snowflake-plunges-revenue-growth-outlook-223229218.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KIM":"金科","SNOW":"Snowflake","ORCL":"甲骨文"},"source_url":"https://finance.yahoo.com/news/snowflake-plunges-revenue-growth-outlook-223229218.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2216105764","content_text":"(Bloomberg) -- Snowflake Inc., a software company that helps businesses organize data in the cloud, plunged more than 22% in extended trading after projecting that product sales growth would slow from its previous triple-digit-percentage pace in the fiscal year.Product sales will increase as much as 67% to $1.9 billion in the current year, the company said Wednesday in a statement. While in line with estimates, the forecast represents a significant decline in Snowflake’s revenue growth, which has more than doubled year-over-year in each of the past six quarters.The outlook suggests Snowflake is being hurt by the rising competition in the data storage and analytics sector. Product revenue makes up almost 95% of the company’s total sales.The forecast “could be due to saturation of new customer additions at large companies,” said Mandeep Singh, an analyst at Bloomberg Intelligence. “Though we believe the company is likely to move toward midsized companies, it may mean adding more capabilities around data visualization,” he said in a note.Snowflake also agreed to acquire Streamlit, a company that helps developers build and share data applications, in a stock-and-cash deal for $800 million, executives said on a conference call after the results were released.Snowflake, which helps businesses cull and interpret data, gained prominence by taking the on-premises data warehouse and moving it to the cloud. However, its initial public offering, which was the largest in the U.S. in 2020, and subsequent success have led to a rush of investment in the sector, including into startups such as Databricks Inc. and Starburst Data Inc. that are trying to eliminate the need for Snowflake’s core offering.But Snowflake is also adding features, like improved analytic capabilities to review corporate data to help predict future behavior, which is ramping up competition in a sector long-dominated by legacy vendors like Oracle Corp.Fiscal fourth-quarter revenue doubled to $383.8 million. Analysts, on average, estimated $372 million. The company’s net loss narrowed to $132.1 million, or 43 cents a share, from a loss of $198.9 million, or 70 cents, in the period a year earlier.Snowflake’s stock fell to a low of $184.02 in extended trading after closing at $264.69 in New York. The shares have declined 34% from a November high.","news_type":1},"isVote":1,"tweetType":1,"viewCount":358,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":61,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":100703243,"gmtCreate":1646267848084,"gmtModify":1663244559229,"authorId":3581896632900578,"author":{"id":3581896632900578,"authorId":3581896632900578,"name":"Baoxiaolong","avatar":"https://static.tigerbbs.com/3807f63227b4128c0ee5f1811f39e3eb","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9033630512,"type":1,"supId":0,"prevId":0,"content":"drop more so we can buy more","text":"drop more so we can buy more","html":"drop more so we can buy more","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}