"Shares of cloud-based storage solutions provider Snowflake Inc. (NYSE: SNOW) lost 6.93% over the past month after losing 6.26% and 5.34% the two months prior. But since hitting its one-year low on April 4, the stock is up nearly 62%. When the company reported FY 2025 Q3 earnings on Nov. 20, 2025, it beat on the top and bottom lines with EPS of 20 cents exceeding expectations of 15 cents, and revenue of $942.1 million exceeding expectations of $898.5 million."
"Snowflake is the quintessential example. Despite having to face cloud-based data warehousing competitors such as Google BigQuery, a subsidiary of Alphabet Inc. (NASDAQ: GOOGL), or Redshift, a business division of Amazon Inc. (NASDAQ: AMZN), the company is well-positioned to take advantage of the $602.31 billion industry's projected growth. According to Grand View Research, the global cloud computing market size is expected to grow at a compound annual growth rate (CAGR) of 21.2% between 2024 and 2030."
Snowflake's shares recently declined over several months but rose nearly 62% from a one-year low on April 4. The company beat FY2025 Q3 expectations with EPS of 20 cents and revenue of $942.1 million. Snowflake competes with Google BigQuery and Amazon Redshift while serving the expanding cloud computing market projected to reach $602.31 billion. The company offers data management, customized infrastructure, pay-as-you-go pricing, scalability, low latency, and analytics. Snowflake's market capitalization is about $71.10 billion. Analysts see considerable upside potential as the global cloud computing market is forecast to grow at over 20% CAGR through 2030.
Read at 24/7 Wall St.
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