Snowflake Plans $3.5 Billion in 0% Converts. The Premarket Drop Is Mostly Mechanical.
The $3.5B zero-coupon convert is for capped calls, 2027 note buybacks, and buybacks or M&A. Short-term selling pressure is typical for these deals.
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Snowflake Lifts Annual Product Revenue Forecast After Strong Q2 Beat; Stock Soars
Snowflake beat Q2 estimates with $1.49B product revenue, up 37%. It raised FY product sales to $6.07B as AI products gained traction.
Snowflake Raises Annual Revenue Outlook and Commits $6B to AWS as AI Demand Surges
Snowflake beat expectations as AI demand surged, boosting revenue, customers, and outlook while shares jumped 30% after hours.
BofA Raises Snowflake Price Target to $205, Expects Strong Q1 Earnings
Bank of America raised its Snowflake target to $205, kept a Buy rating, and expects strong results.
Benchmark Sees Huge Upside in Snowflake, Microsoft & Cybersecurity Leaders
Benchmark initiates Buy coverage on Snowflake, Microsoft, Palo Alto Networks, ServiceNow, and CrowdStrike.
Snowflake Earnings: Solid Results, But Outlook Disappoints AI-Worried Investors
Snowflake reported 30% product revenue growth & strong bookings in Q4 FY2026, yet in-line Q1 guidance sparked 3% after-hours drop amid AI disruption fears in software.