August 22, 2024 - $Snowflake (SNOW.US)$ shares continued to decrease over 12% to $117 in trading on Thursday.
The company announced exceeded-expectation financial results for the Q2 of fiscal 2025 after the market close on Wednesday but provided lukewarm future guidance that didn't convince investors in a competitive environment.
Highlights for the Q2 financial results:
Product revenue of $829.3 million in the second quarter, representing 30% year-over-year growth;
Stockholders - basic and diluted of ($0.95) in this quarter and ($0.69) in the same period last year;
Net revenue retention rate of 127%;
510 customers with trailing 12-month product revenue greater than $1 million;
736 Forbes Global 2000 customers;
Remaining performance obligations of $5.2 billion, representing 48% year-over-year growth;
Authorized the repurchase of an additional $2.5 billion under our stock repurchase program through March 2027.
Outlook for the Q3 and the full year:
Snowflake expects Q3 product revenue between $850 million and $855 million, a 22% increase year-over-year growth.
The company also expects a full-year product revenue of $3.356 billion, a 26% year-over-year increase.
Analyst rating
JMP Securities maintained a market outperform rating and lowered its price target to $190 from $235;
Needham maintained a buy rating and lowered its price target to $160.00 from $210.00.
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。