Snowflake Stock Is Falling Thursday: What's Driving The Action?
Snowflake Stock Is Falling Thursday: What's Driving The Action?
Snowflake Inc (NYSE:SNOW) shares are trading higher Thursday on the heels of the company's second-quarter financial results. Several analysts also lowered price targets on the stock following the print.
紐交所SNOW股價在週四上漲，該公司公佈的第二季度業績取得了良好的成績。多位分析師在業績發佈後也下調了該股的目標價位。
- Q2 Revenue: $868.823 million, versus estimates of $849.704 million
- Q2營業收入：86882.3萬美元，低於預估的84970.4萬美元
- Q2 EPS: 18 cents, versus estimates of 16 cents
- Q2每股收益：18美分，高於預估的16美分
Total revenue was up 29% on a year-over-year basis, while product revenue totaled $829.3 million, up 30% year-over-year. Net revenue retention rate was 127% in the second quarter.
總營業收入同比增長29％，產品營業收入同比增長30％，第二季度的淨營業收入留存率達127％。
Remaining performance obligations came in at $5.2 billion, up 48% year-over-year. Snowflake noted that it ended the quarter with 510 customers, trailing 12-month product revenue surpassing $1 million.
剩餘績效承諾達到52億美元，同比增長48％。Snowflake指出，截至該季度結束，公司擁有510個客戶，過去12個月的產品營業收入超過了100萬美元。
The company's board also authorized an additional $2.5 billion for its share repurchase program and extended the duration through March 2027. The company said it had $491.9 million remaining on its buyback as of July 31.
該公司董事會還批准了額外的25億美元用於回購計劃，並將截止日期延長至2027年3月。截至7月31日，該公司的回購計劃還剩餘4,919萬美元。
"The quarter was hallmarked by innovation and product delivery, and great traction in the early stages of our new AI products. With the combination of our platform, the network effect of collaboration and our AI innovations, we have a huge opportunity ahead to deliver even greater value to our customers," said Sridhar Ramaswamy, CEO of Snowflake.
「這個季度以創新和產品交付爲特色，我們的新AI產品在早期階段取得了巨大成功。憑藉我們的平台、協作的網絡效應和我們的AI創新，我們有巨大的機會爲客戶提供更大的價值，」Snowflake的CEO Sridhar Ramaswamy表示。
Outlook: Snowflake sees third-quarter product revenue in the range of $850 million to $855 million, up approximately 22% on a year-over-year basis.
展望：Snowflake預計第三季度產品收入在8,5000百萬元至8,5500百萬元的範圍內，同比增長約爲22%。
The company also raised its full-year product revenue expectations. Snowflake now expects full-year product revenue of $3.356 billion, up 26% year-over-year.
該公司還提高了全年產品營業收入預期。snowflake現在預計全年產品營業收入爲33.56億美元，同比增長26%。
Analyst Changes:
分析師變動：
- Baird maintained Snowflake with an Outperform and lowered its price target from $165 to $152.
- Baird維持Snowflake的Outperform評級，並將其目標價從165美元降至152美元。
- Needham maintained Snowflake with a Buy and lowered its price target from $210 to $160.
- Needham維持Snowflake的買入評級，並將其目標價從210美元降至160美元。
- JMP Securities maintained Snowflake with a Market Outperform and lowered its price target from $235 to $190.
- JMP Securities維持Snowflake的市場跑贏評級，並將其目標價從235美元降至190美元。
SNOW Price Action: Snowflake shares were down 9.55% at $122.22 at the time of writing, according to Benzinga Pro.
SNOW價格走勢：據Benzinga Pro報道，Snowflake股票在撰文時下跌9.55%，報122.22美元。
Photo: courtesy of Snowflake.
圖片：snowflake的彩信。