Although data company Snowflake has strong product offerings, ongoing overhangs leave Wolfe Research with less conviction in the company's future. "When we launched coverage in April 2022. … we were upbeat on SNOW having the best management team in software, best product, and best growth rate .
The analyst said macro overhangs have reduced the company's growth expectation from 47% product revenue growth in the 2024 fiscal year, to 34% year-over-year growth. "We also see growing competition from Databricks & Microsoft who are clearly competing for the same workloads, mindshare and dollars, possibly creating incremental execution headwinds," Zukin added.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม: