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.
纽交所SNOW股价在周四上涨，该公司公布的第二季度财报取得了良好的成绩。多位分析师在财报发布后也下调了该股的目标价位。
- Q2 Revenue: $868.823 million, versus estimates of $849.704 million
- Q2营业收入：86882.3万美元，低于预估的84970.4万美元
- Q2 EPS: 18 cents, versus estimates of 16 cents
- Q2每股收益：18美分，高于预估的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.
总营业收入同比增长29％，产品营业收入同比增长30％，第二季度的净营业收入留存率达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.
剩余绩效承诺达到52亿美元，同比增长48％。Snowflake指出，截至该季度结束，公司拥有510个客户，过去12个月的产品营业收入超过了100万美元。
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.
该公司董事会还批准了额外的25亿美元用于回购计划，并将截止日期延长至2027年3月。截至7月31日，该公司的回购计划还剩余4,919万美元。
"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.
“这个季度以创新和产品交付为特色，我们的新AI产品在早期阶段取得了巨大成功。凭借我们的平台、协作的网络效应和我们的AI创新，我们有巨大的机会为客户提供更大的价值，”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预计第三季度产品收入在8,5000百万元至8,5500百万元的范围内，同比增长约为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.
该公司还提高了全年产品营业收入预期。snowflake现在预计全年产品营业收入为33.56亿美元，同比增长26%。
Analyst Changes:
分析师变动：
- Baird maintained Snowflake with an Outperform and lowered its price target from $165 to $152.
- Baird维持Snowflake的Outperform评级，并将其目标价从165美元降至152美元。
- Needham maintained Snowflake with a Buy and lowered its price target from $210 to $160.
- Needham维持Snowflake的买入评级，并将其目标价从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维持Snowflake的市场跑赢评级，并将其目标价从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价格走势：据Benzinga Pro报道，Snowflake股票在撰文时下跌9.55%，报122.22美元。
Photo: courtesy of Snowflake.
图片：snowflake的彩信。