The Latest Breaking News from Snowflake Inc

Snowflake Inc (NYSE: SNOW) could deliver an in-line or marginally better-than-projected quarter, when it reports results after the closing bell on Wednesday, according to Rosenblatt.

Snowflake Inc (NYSE: SNOW) shares are trading lower Thursday alongside several companies in the broader technology sector amid overall weakness as traders continue to digest Wednesday's Fed rate hike announcement. An increase in yields has also pressured tech and growth stocks.

Snowflake Inc's (NYSE: SNOW) stock price has melted alongside several high growth names as investors focus on companies generating profits right now in the face of rising rates. 

Since high inflation is expected to continue longer than expected, the Fed plans to raise interest rates aggressively this year to curb inflationary pressures. Given the possibility of these interest rate hikes dragging the stock market down further, we think it could be wise to avoid fundamentally weak and overvalued…

Concerns over high inflation, supply chain disruptions, and rising COVID-19 cases are expected to keep the stock market volatile for an extended period. While the increased focus on domestic production should help the economy recover, the rate is expected to decelerate. Therefore, large-cap growth stocks Snowflake (SNOW), PayPal (PYPL), DoorDash…

Rapid technological innovation, increasing consumer inclination toward digital platforms, and growing business automation bode well for the software industry. That is why Wall Street analysts expect high-growth software stocks Datadog (DDOG), HubSpot (HUBS), and Snowflake (SNOW) to rally more than 47% in price in the coming months. Let’s discuss.

Snowflake Inc. Class A Common Stock's (NYSE:SNOW) short percent of float has risen 39.69% since its last report. The company recently reported that it has 7.18 million shares sold short, which is 2.71% of all regular shares that are available for trading.

Snowflake Inc. Class A Common Stock's (NYSE:SNOW) short percent of float has fallen 6.28% since its last report. The company recently reported that it has 5.09 million shares sold short, which is 1.94% of all regular shares that are available for trading.

Snowflake Inc (NYSE:SNOW) has extended its relationship with Amazon.Com Inc (NASDAQ:AMZN) Amazon Web Services (AWS) to improve demand forecasting and delivery for retail and consumer packaged goods (CPG) industries. Through the arrangement, customers can receive Amazon purchase order (PO) data and leverage product demand forecast data generated by Amazon Forecast within Snowflake's Retail Data Cloud.…

Snowflake Inc (NYSE: SNOW) shares have been stuck on a downward trajectory since November, but the stock is starting to heat up, trading higher by about 13% since Monday's close. 

Snowflake Inc (NYSE: SNOW) shares traded lower by 17% on Thursday after the company reported slowing revenue growth in the fourth quarter.