Snowflake Shares Rise After Jim Cramer Calls It a Buy

Earnings
โดย Insider Monkey·Read original
Summary · why it matters

Snowflake shares have risen 15.9% since Jim Cramer recommended the stock as a buy on Mad Money. The data warehousing firm's stock surged 36% on Thursday after it guided fiscal second-quarter product revenue to between $1.415 billion and $1.420 billion, exceeding the $1.37 billion analyst consensus. Snowflake also announced a partnership with Amazon and beat fiscal first-quarter earnings and revenue estimates. Cramer had previously expressed surprise at the negative market reaction to an earlier quarter, calling CEO Sridhar Ramaswamy terrific and the stock a buy.

Impact on stocks 2

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Shares rose after Jim Cramer's buy recommendation and strong guidance/earnings beat.

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