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Snowflake (SNOW) Stock Analysis: Buy The Dip In Snow Stock?
Last week Snowflake (#SNOW) announced their Q4 earnings and missed on EPS but beat on revenue. The company reported GAAP EPS of -$0.70 (miss by $0.26) and revenue of $190.4M (117.4% Y/Y).
Many investors were disappointed by the total net income loss that #Snowflake reported and sold their position. Last year the data-cloud company IPOd and opened at $245 per share. Shares then rocketed up to $429 over the following months, but are now trading below IPO price at $230. Is now the time for investors to buy the dip in Snowflake?
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By Financial MoversLast week Snowflake (#SNOW) announced their Q4 earnings and missed on EPS but beat on revenue. The company reported GAAP EPS of -$0.70 (miss by $0.26) and revenue of $190.4M (117.4% Y/Y).
Many investors were disappointed by the total net income loss that #Snowflake reported and sold their position. Last year the data-cloud company IPOd and opened at $245 per share. Shares then rocketed up to $429 over the following months, but are now trading below IPO price at $230. Is now the time for investors to buy the dip in Snowflake?