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Snowflake shares up 7.42% · CoCo accounts reach approximately 9,100

TIKR ·

SNOW Snowflake Inc
$306.84 -8.43%
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  1. 1Snowflake shares closed at $368.89, up 7.42% on October 9.
  2. 2CoCo accounts for the July quarter were approximately 9,100, with an increase of over 2,000 CoCo accounts during that quarter.
  3. 3Free cash flow for the July quarter was $83.8 million, 21.87% below the expected $107.27 million.

So what's the key point?

Snowflake shares rose 7.42%. While customer accounts increased, the stock moved because cash flow was lower than expert expectations.

Source TIKR · View original ↗

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