Snowflake Stock Is Soaring -- But Is It Too Late to Jump In?
Snowflake (NYSE: SNOW) shares continued their recent upward momentum following a strong fiscal first-quarter earnings report and increased guidance from the company. The stock is now trading up about 32% on the year, as of this writing, and up nearly 57% since early April.Let's take a closer look at the company's most recent earnings results to see if its momentum can continue.For those unfamiliar with Snowflake, it is a cloud-based data warehousing and analytics company. Customers use its solutions to store and analyze large amounts of data. Its system separates storage from computing and works across cloud providers, allowing users to securely share data in real time.Continue reading
Snowflake (NYSE: SNOW) shares continued their recent upward momentum following a strong fiscal first-quarter earnings report and increased guidance from the company. The stock is now trading up about 32% on the year, as of this writing, and up nearly 57% since early April.
Let's take a closer look at the company's most recent earnings results to see if its momentum can continue.
For those unfamiliar with Snowflake, it is a cloud-based data warehousing and analytics company. Customers use its solutions to store and analyze large amounts of data. Its system separates storage from computing and works across cloud providers, allowing users to securely share data in real time.
