SNOW - What's Going On With Snowflake Stock? (UPDATED) | Benzinga
Editor's note: The information in this story was sourced from a blog post that has since been removed. This story has been updated with additional details.
Snowflake Inc. (NYSE:SNOW) shares are trading lower Friday amid circulation of a HudsonRock report suggesting the company suffered a breach. Here's a look at what's going on.
What To Know:
HudsonRock claimed to have directly communicated with the threat actor behind a massive data breach of the cloud storage giant and mentioned a statement released by Snowflake regarding an industry-wide identity-based attack that may have impacted its customers.
“We have not identified evidence suggesting this activity was caused by a vulnerability, misconfiguration, or breach of Snowflake's platform,” a Snowflake spokesperson said in a statement to Benzinga.
Snowflake reported mixed first-quarter results last week with revenue increasing 33% year-over-year to $828.7 million, beating the consensus estimate of $785.87 million. However, the company reported ...