SNOW - Snowflake Stock: Is It a Buy After Selling Off?
2024-03-03 07:11:00 ET
Shares of data cloud infrastructure provider Snowflake (NYSE: SNOW) were hammered on Thursday. The stock's beating came after the company's fiscal fourth-quarter earnings report, which featured better-than-expected revenue growth for the period but also included weaker-than-expected guidance for both the first quarter and the full year of fiscal 2025.
In addition, news that the tech company 's accomplished CEO, Frank Slootman, retired likely played a role in spooking investors, too.
With the stock down sharply last week, is now a good time for investors to buy? Or are shares still too expensive to consider?
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Snowflake Stock: Is It a Buy After Selling Off?