SNOW - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Snowflake Inc. (SNOW) | Benzinga
LOS ANGELES, March 20, 2024 (GLOBE NEWSWIRE) --
Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming April 29, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Snowflake Inc. ("Snowflake" or the "Company") (NYSE:SNOW) Class A common stock between September 16, 2020 and March 2, 2022, inclusive (the "Class Period").
If you suffered a loss on your Snowflake investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Snowflake-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On March 2, 2022, after the market closed, Snowflake released its fourth quarter and full year 2022 financial results, revealing that the Company's customers were consuming at a reduced rate due to "platform enhancements . . . which lowered credit consumption." Additionally, Snowflake lowered expected sales growth to between 65% and 67% for fiscal 2023, representing a significant decline given that Snowflake's revenue growth had more ...
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