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Stock impact report

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Snowflake (SNOW) Investors with Substantial Losses to Contact Firm’s Attorneys, Firm Investigating Possible Securities Law Violations

Snowflake Inc. (SNOW) 
Last snowflake inc. earnings: 5/4 06:30 am Check Earnings Report
Company Research Source: Accesswire
SAN FRANCISCO, CA / ACCESSWIRE / May 25, 2023 / Hagens Berman urges Snowflake Inc. (NYSE:SNOW) investors who suffered substantial losses to submit your losses now.Visit: www.hbsslaw.com/investor-fraud/SNOWContact An Attorney Now: SNOW@hbsslaw.com844-916-0895Snowflake Inc. (SNOW) Investigation:In past quarters, Snowflake has touted the strong demand for its data warehousing and the advantages of its consumption pricing model, which charges customers based on how much they use its products.On May 24, 2023, Snowflake announced its Q1 2024 financial results, which brought a new forecast for FY 2024 product revenue of $2.6 billion, below the $2.705 billion outlook that management had most recently offered, which itself was a lowered target.In response, Bernstein analyst Mark Moerdler slashed his price target for the company, claiming Snowflake shares would likely "be in the penalty box" in light of a "massive slowdown" in the business and "persistent" cuts to guidance. Moerdler saw several Show less Read more
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