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Why did Snowflake stock plunge today? Weak guidance hits shares

Mar. 03, 2022 3:11 PM ETSnowflake Inc. (SNOW)By: Chris Ciaccia, SA News Editor9 Comments

Snowflake corporate headquarters in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

Snowflake (NYSE:SNOW) shares plunged on Thursday after the data warehousing company issued guidance that suggested revenue growth would slow considerably.

For the first quarter, Snowflake said revenue should be between $383 million and $388 million, up between

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Comments (9)

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Spring is near and it's melting the SNOW.

Jim Cramer put knife in the back of Snowflake on his show yesterday, so his viewers are likely flushing the stock down the SELL SELL SELL
TommyIrish profile picture

I don’t watch the show profusively, sure understand the sentiment and the call.

But why not say SELL at $400?

Asking for a friend…
@TommyIrish ..

Jim's a little snow ... I mean slow.
TommyIrish profile picture

Indeed, a whole ragbag of non-profits heading for zero.

I guess better awakening before it is over!

TommyIrish profile picture

Eventually Snow jobs end badly.

SNOW for investors that add 2 and 2 and get a hundred billion.


Before this cycle is over - ugly!
kyle191 profile picture
How many "no chance for profit hyper growth" companies are there?
@kyle191 there's alot... but SNOW is not one of them. FCF margins are already in the 20%s and it's still growing very fast. There's pretty much no change SNOW *won't* be extremely profitable

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