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Snowflake Earnings News: Investors SNOWed in after earnings rout

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Snowflake Earnings News: Investors $SNOW-ed in after earnings rout

. It seems instead that the market was looking for any excuse to sell. That has been happening to many tech stars reporting in the past month. Small deviations from Wall Street consensus lead to largescale sell-offs.is growing and now has 6,322 total customers with 206 of those customers spending more than $1 million in the past 12 months. Management said product revenue would reach at least $435 million in the present quarter, Q2, which would mean a 10% sequential gain and 71% YoY.

On the daily chart below, you can see how the premarket price bounced directly off the $110-$112 level. For now, this is support, and it may make a solid area from which to go long. Ifbreaks through this lower trend line, however, then it may be time to take a short position since there is no support until $76.Information on these pages contains forward-looking statements that involve risks and uncertainties.

 

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