Posted 2/28/2024, 10:10:45 PM
Snowflake and Okta Stocks See Big Swings After Earnings; Snowflake CEO Steps Down
- Snowflake (SNOW) stock drops after product sales outlook misses estimates; CEO Frank Slootman steps down
- C3.ai (AI) beats Q3 revenue estimates with 16% YoY growth; subscription revenue tops $70M
- Okta (OKTA) stock surges 20% after topping Q4 revenue forecasts despite recent security breach
- New Snowflake CEO is former Google ad chief and current AI SVP
- Okta Q4 results ease investor worries that customer orders were affected by hack