BUZZ-Snowflake surges on upbeat 2026 product revenue forecast
ReutersFeb 27, 2025 9:41 AM
Shares of cloud computing firm Snowflake SNOW.N rise 10.1% to $183.01 premarket
Co expects annual 2026 product revenue of $4.28 bln, compared with analysts' estimate of $4.21 bln, per data compiled by LSEG
SNOW also said it has integrated OpenAI's models directly in Snowflake Cortex AI, its fully managed AI service
Co reports Q4 revenue of $986.8 mln, beating estimates of $955.9 mln - LSEG
As of last close, stock has gained 7.6% YTD
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