Snowflake Stock Sells Off on Mixed Q4 Results and Weak Guidance Despite Strong Growth
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Snowflake reported better-than-expected revenue growth in Q4 but guidance for Q1 and fiscal 2025 was underwhelming.
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Snowflake's CEO Frank Slootman retired, likely contributing to the stock sell-off.
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Snowflake's remaining performance obligations grew 41% YoY, signaling an improving macro environment.
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Guidance was based on recent weaker consumption patterns rather than longer-term history.
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The stock remains volatile and highly valued, so investors may want to wait for a better entry point before buying.