← ZSCALER INC. DL-,001 overview

ZSCALER INC. DL-,001 vs Snowflake: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

ZSCALER INC. DL-,001 (0ZC.XETRA)

Q3 2026
▼2▲1

Zscaler's AI security surge offset by slowing growth guidance and rising competition

  • AI security demand drives record deals Zscaler's Q4 fiscal 2026 results beat estimates with $1.19 EPS and $898M revenue, sending shares up 11% after hours. AI security demand drove record million-dollar deals, with over half the Fortune 500 now customers.

    This point highlights the positive impact of AI security demand on Zscaler's financial performance and stock price.

  • Fiscal 2027 guidance implies growth slowdown Fiscal 2027 guidance implies growth slowing to ~17% from 25%, triggering a 7.8% stock drop and a 3% workforce cut. This signals potential challenges ahead and weighed on investor sentiment.

    This point explains the negative reaction to the company's forward-looking guidance, which is a key driver of the stock's performance.

  • Palo Alto Networks intensifies competition Palo Alto Networks posted 40% SASE bookings growth and $400M in displacements, threatening Zscaler's core secure networking business and potentially pressuring market share and pricing.

    This point underscores the competitive pressures that could limit Zscaler's growth and negatively affect its stock price.

September 2026
▲2▼2

Zscaler's AI security push grows, but slower 2027 growth and competition weigh

  • Slower 2027 growth and AI restructuring Zscaler's fiscal 2027 guidance points to about 17% growth, down from 25%, and the company is cutting roughly 3% of staff to focus on AI. Investors worry demand is cooling, which pushed the stock down 7.8% on the news.

    This is the main new negative force behind the stock's recent drop and explains why growth concerns persist.

  • New AI security products and strong bookings Zscaler launched Agentic SOC, a new AI-powered security tool, and reported AI-security bookings above $100 million, up 50% from the prior quarter. Record $1 million deals and more Zero Trust customers show its AI bet is gaining traction, supporting future revenue.

    This shows the company's growth engine is expanding, which could offset slower overall growth and lift the stock.

  • Sector-wide AI safety bid lifts cybersecurity stocks Warnings from AI leaders about safety risks sparked a broad rally in cybersecurity stocks, with Zscaler jumping 12% in one day. This shows that rising AI fears can drive demand for security solutions, benefiting Zscaler even if the move is partly sentiment-driven.

    It highlights a new demand catalyst from AI safety concerns that directly boosted Zscaler's shares.

  • Intensifying competition in SASE Palo Alto Networks reported 40% SASE bookings growth and $400 million in displacements, aiming to become market leader. This signals tougher competition for Zscaler's core secure networking business, which could pressure its market share and pricing.

    It is a new competitive threat that could limit Zscaler's growth and weigh on the stock.

Latest
▲2▼2

Zscaler's AI security push grows, but slower 2027 growth and competition weigh

  • Slower 2027 growth and AI restructuring Zscaler's fiscal 2027 guidance points to about 17% growth, down from 25%, and the company is cutting roughly 3% of staff to focus on AI. Investors worry demand is cooling, which pushed the stock down 7.8% on the news.

    This is the main new negative force behind the stock's recent drop and explains why growth concerns persist.

  • New AI security products and strong bookings Zscaler launched Agentic SOC, a new AI-powered security tool, and reported AI-security bookings above $100 million, up 50% from the prior quarter. Record $1 million deals and more Zero Trust customers show its AI bet is gaining traction, supporting future revenue.

    This shows the company's growth engine is expanding, which could offset slower overall growth and lift the stock.

  • Sector-wide AI safety bid lifts cybersecurity stocks Warnings from AI leaders about safety risks sparked a broad rally in cybersecurity stocks, with Zscaler jumping 12% in one day. This shows that rising AI fears can drive demand for security solutions, benefiting Zscaler even if the move is partly sentiment-driven.

    It highlights a new demand catalyst from AI safety concerns that directly boosted Zscaler's shares.

  • Intensifying competition in SASE Palo Alto Networks reported 40% SASE bookings growth and $400 million in displacements, aiming to become market leader. This signals tougher competition for Zscaler's core secure networking business, which could pressure its market share and pricing.

    It is a new competitive threat that could limit Zscaler's growth and weigh on the stock.

August 2026
▲3▼1

Zscaler beats Q4, AI demand strong, but 2027 growth slows

  • Q4 earnings beat and strong guidance Zscaler reported Q4 EPS of $1.19 and revenue of $898 million, beating estimates, and issued fiscal 2027 revenue guidance above consensus. Shares jumped 11% after hours. This directly boosts the stock because it shows the company is growing faster than expected and management sees continued demand.

    This is the main new event that moved the stock and answers why it's moving now.

  • AI security demand drives record deals CEO Jay Chaudhry said AI is a big tailwind, driving demand for AI security and zero trust. Zscaler had record million-dollar-plus deals and now serves over 50% of Fortune 500 companies. This supports future revenue growth and makes the stock more attractive.

    It explains the underlying demand trend that is pushing the stock up.

  • 2027 growth expected to slow Zscaler's fiscal 2027 revenue guidance implies growth of about 17%, down from 25% in fiscal 2026. This slowdown could pressure the stock because investors may worry that the rapid growth is fading, even though the company still expects double-digit growth.

    It is a key counterweight that could limit the stock's upside and is part of the new guidance.

  • High short interest could fuel further gains Jim Cramer noted that 5.9% of Zscaler's float is short, higher than peers. After strong results, short sellers may be forced to buy back shares, pushing the price higher. This adds a potential catalyst for the stock.

    It highlights a technical factor that could amplify the stock's move after earnings.

▲3▼1

Zscaler beats Q4, AI demand strong, but 2027 growth slows

  • Q4 earnings beat and strong guidance Zscaler reported Q4 EPS of $1.19 and revenue of $898 million, beating estimates, and issued fiscal 2027 revenue guidance above consensus. Shares jumped 11% after hours. This directly boosts the stock because it shows the company is growing faster than expected and management sees continued demand.

    This is the main new event that moved the stock and answers why it's moving now.

  • AI security demand drives record deals CEO Jay Chaudhry said AI is a big tailwind, driving demand for AI security and zero trust. Zscaler had record million-dollar-plus deals and now serves over 50% of Fortune 500 companies. This supports future revenue growth and makes the stock more attractive.

    It explains the underlying demand trend that is pushing the stock up.

  • 2027 growth expected to slow Zscaler's fiscal 2027 revenue guidance implies growth of about 17%, down from 25% in fiscal 2026. This slowdown could pressure the stock because investors may worry that the rapid growth is fading, even though the company still expects double-digit growth.

    It is a key counterweight that could limit the stock's upside and is part of the new guidance.

  • High short interest could fuel further gains Jim Cramer noted that 5.9% of Zscaler's float is short, higher than peers. After strong results, short sellers may be forced to buy back shares, pushing the price higher. This adds a potential catalyst for the stock.

    It highlights a technical factor that could amplify the stock's move after earnings.

Q2 2026
▲2▼2

Zscaler's strong demand and cyber warnings offset fraud probe and competition

  • Z-Flex drives strong demand Zscaler's Z-Flex program generated over $480 million in total contract value in the third quarter, up more than 60% sequentially. This flexible purchasing model encourages customers to commit to multi-year deals and adopt more products, pushing annual recurring revenue up 25% to $3.5 billion. This strong demand supports the stock price.

    This shows a key growth driver that directly boosts Zscaler's revenue and investor confidence.

  • Cyber threat warnings lift security stocks A joint warning from U.S. and international agencies about Russian cyber threats against critical infrastructure increased demand for cybersecurity services. Zscaler shares jumped as investors bet on higher spending. The stock has returned 9.5% over the past month, though it remains down 35.7% year to date.

    This event directly caused a sharp share price move and highlights how geopolitical tensions drive demand for Zscaler's services.

  • Securities fraud investigation weighs on stock Pomerantz LLP is investigating Zscaler for possible securities fraud related to its May 26 guidance miss. The stock had already fallen 31.5% on that miss. The investigation adds legal uncertainty and could lead to fines or reputational damage, pressuring the stock price.

    This is a new negative development that could affect investor confidence and lead to financial penalties.

  • Palo Alto Networks' SASE growth intensifies competition Palo Alto Networks reported its SASE annual recurring revenue hit $1.6 billion, up 40% year over year, more than twice the market growth rate. It also recorded nearly 50 displacement wins worth $200 million. This shows strong competition taking market share, which could limit Zscaler's growth and pressure its stock.

    This highlights a major competitive threat that could slow Zscaler's revenue growth and market share gains.

June 2026
▲2▼2

Zscaler's strong demand and cyber warnings offset fraud probe and competition

  • Z-Flex drives strong demand Zscaler's Z-Flex program generated over $480 million in total contract value in the third quarter, up more than 60% sequentially. This flexible purchasing model encourages customers to commit to multi-year deals and adopt more products, pushing annual recurring revenue up 25% to $3.5 billion. This strong demand supports the stock price.

    This shows a key growth driver that directly boosts Zscaler's revenue and investor confidence.

  • Cyber threat warnings lift security stocks A joint warning from U.S. and international agencies about Russian cyber threats against critical infrastructure increased demand for cybersecurity services. Zscaler shares jumped as investors bet on higher spending. The stock has returned 9.5% over the past month, though it remains down 35.7% year to date.

    This event directly caused a sharp share price move and highlights how geopolitical tensions drive demand for Zscaler's services.

  • Securities fraud investigation weighs on stock Pomerantz LLP is investigating Zscaler for possible securities fraud related to its May 26 guidance miss. The stock had already fallen 31.5% on that miss. The investigation adds legal uncertainty and could lead to fines or reputational damage, pressuring the stock price.

    This is a new negative development that could affect investor confidence and lead to financial penalties.

  • Palo Alto Networks' SASE growth intensifies competition Palo Alto Networks reported its SASE annual recurring revenue hit $1.6 billion, up 40% year over year, more than twice the market growth rate. It also recorded nearly 50 displacement wins worth $200 million. This shows strong competition taking market share, which could limit Zscaler's growth and pressure its stock.

    This highlights a major competitive threat that could slow Zscaler's revenue growth and market share gains.

▲2▼2

Zscaler's strong demand and cyber warnings offset fraud probe and competition

  • Z-Flex drives strong demand Zscaler's Z-Flex program generated over $480 million in total contract value in the third quarter, up more than 60% sequentially. This flexible purchasing model encourages customers to commit to multi-year deals and adopt more products, pushing annual recurring revenue up 25% to $3.5 billion. This strong demand supports the stock price.

    This shows a key growth driver that directly boosts Zscaler's revenue and investor confidence.

  • Cyber threat warnings lift security stocks A joint warning from U.S. and international agencies about Russian cyber threats against critical infrastructure increased demand for cybersecurity services. Zscaler shares jumped as investors bet on higher spending. The stock has returned 9.5% over the past month, though it remains down 35.7% year to date.

    This event directly caused a sharp share price move and highlights how geopolitical tensions drive demand for Zscaler's services.

  • Securities fraud investigation weighs on stock Pomerantz LLP is investigating Zscaler for possible securities fraud related to its May 26 guidance miss. The stock had already fallen 31.5% on that miss. The investigation adds legal uncertainty and could lead to fines or reputational damage, pressuring the stock price.

    This is a new negative development that could affect investor confidence and lead to financial penalties.

  • Palo Alto Networks' SASE growth intensifies competition Palo Alto Networks reported its SASE annual recurring revenue hit $1.6 billion, up 40% year over year, more than twice the market growth rate. It also recorded nearly 50 displacement wins worth $200 million. This shows strong competition taking market share, which could limit Zscaler's growth and pressure its stock.

    This highlights a major competitive threat that could slow Zscaler's revenue growth and market share gains.

Snowflake Inc. (SNOW)

Q3 2026
▼3▲1

Snowflake's AI growth accelerates, but competition and dilution weigh

  • AI momentum drives raised guidance Snowflake raised its full-year product revenue growth outlook to 30–37%, with AI products driving roughly half the acceleration. Analyst endorsements and new regulated-industry AI integrations further boosted confidence.

    This is the core positive force behind Snowflake's stock in Q3, showing accelerating AI-driven demand.

  • Databricks' massive funding intensifies competition Databricks raised $188 billion, escalating competition in the data and AI platform market. This threatens Snowflake's market share and pricing power, a key risk for future growth.

    It highlights a major competitive threat that emerged this quarter and could pressure Snowflake's stock.

  • Profitability and dilution concerns mount Snowflake posted a $191 million GAAP net loss, gross margin guidance slipped to 74% on lower-margin AI compute, and a $3.75 billion convertible note raised dilution worries. The CEO's $448 million pay package adds further dilution and retention-cost concerns.

    These financial and governance issues are significant counterweights that could limit upside and weigh on investor sentiment.

  • Institutional ownership declines and short interest rises Hedge fund ownership fell from 90 to 80 funds, and short interest rose to 6.65%, signaling waning institutional confidence and increased bearish bets. This can amplify stock volatility and downside pressure.

    It reflects a shift in investor positioning that can directly affect Snowflake's stock price.

September 2026
▲2▼2

Snowflake's AI Surge Lifts Guidance, But Losses and Dilution Weigh

  • Strong Q2 results and raised guidance Snowflake's Q2 revenue beat estimates, product revenue jumped 37%, and full-year guidance was raised to $6.07 billion. AI products CoCo and CoWork drove about half of the growth acceleration, supporting the premium valuation.

    This is the core positive fundamental driver for the period.

  • Analyst upgrades and AI vendor recognition Analysts raised price targets, and Jefferies named Snowflake a top AI data vendor. This recognition reinforces the bullish case and can attract more investors, pushing the stock higher.

    Analyst actions and recognition are new positive catalysts for the period.

  • GAAP net loss and margin pressure Snowflake reported a GAAP net loss of $191 million, and gross margin guidance fell to 74% due to lower-margin AI compute. This shows profitability remains a challenge and can weigh on the stock.

    This is a key negative factor highlighting ongoing profitability concerns.

  • Convertible note offering raises dilution concerns A $3.75 billion convertible note offering raised dilution and balance-sheet concerns. This can pressure the stock as investors worry about shareholder value and financial leverage.

    This is a new negative event that could impact investor sentiment.

Latest
▲3▼1

Snowflake's AI-Driven Beat Fuels Analyst Upgrades, but Convertible Debt Raises Dilution Concerns

  • Analyst price target hikes after Q2 beat Eight firms raised Snowflake price targets after Q2 revenue rose 35% and product revenue 37%, with AI tools driving half the acceleration. Higher targets signal confidence in future growth, which supports the stock price.

    This is a new event that directly boosts investor sentiment and the stock price.

  • Rising earnings estimates and Zacks Buy rank Zacks highlighted sharply rising consensus estimates and rated Snowflake a Buy (Rank #2). Upward estimate revisions often attract more investors, pushing the stock higher.

    This is a new development that reinforces positive momentum and can drive buying.

  • $3.75 billion convertible note offering Snowflake raised $3.75 billion in zero-coupon convertible notes, which could dilute existing shareholders if converted. The market initially reacted negatively, and the debt adds balance-sheet risk, weighing on the stock.

    This is a new financing event that creates uncertainty and potential dilution, a key driver of recent price movement.

  • Jefferies names Snowflake a top AI data plumbing vendor Jefferies listed Snowflake as a top beneficiary of continued AI innovation under a divided Congress and potential national AI policy. This endorsement highlights Snowflake's strategic position in AI infrastructure, supporting demand and the stock price.

    This is a new analyst view that underscores Snowflake's role in AI, a positive driver for the stock.

▲3

Snowflake's AI-Driven Q2 Beat and Raised Outlook Fuel 37% Product Growth

  • AI products drive 37% product revenue growth and raised guidance Snowflake's Q2 product revenue jumped 37% to $1.49 billion, with AI tools like CoCo and CoWork contributing roughly half of the growth acceleration. Management raised full-year product revenue guidance to $6.07 billion, signaling that AI investments are converting into real sales and supporting a higher stock price.

    This is the core new event of the period: a major earnings beat and raised outlook that directly explains the stock's surge.

  • Analyst price target hikes and broad software rally After the earnings beat, analysts raised price targets, with Citigroup moving to $490 and Cantor to $405. The strong results also lifted software peers like Salesforce and ServiceNow, showing that Snowflake's success is part of a wider enterprise AI spending wave that boosts the whole sector.

    This explains the market reaction and the positive sentiment that pushed the stock up sharply after earnings.

  • GAAP losses and lower gross margin guidance temper the beat Despite strong revenue, Snowflake reported a GAAP net loss of $191 million and lowered its full-year gross margin guidance to 74% from 75%, citing lower margins from AI compute workloads. This is a real counterweight: the company is growing fast but still unprofitable, and AI workloads are less profitable than its core business.

    It provides the necessary balance, showing that the growth comes with costs that could pressure future profits.

  • New AI product CoCo and expanding partner ecosystem Snowflake launched CoCo, a coding assistant for enterprise data and AI, and highlighted clients like Sayari rebuilding on its AI Data Cloud, plus partner milestones with Optimove, Varonis, and CrowdStrike. This expands Snowflake beyond data warehousing, opening new revenue streams and deepening customer reliance on its platform.

    It shows the company is innovating and broadening its offerings, which supports long-term growth and justifies a premium valuation.

▲4

Snowflake's AI Products Drive Blowout Quarter and Raised Outlook

  • Q2 earnings beat and raised guidance Snowflake reported Q2 revenue of $1.55 billion and EPS of $0.62, beating estimates, and raised full-year product revenue guidance to $6.07 billion. This shows the business is growing faster than expected, which pushes the stock up because investors pay more for faster growth.

    This is the core new event that directly caused the stock's surge and answers why SNOW is moving.

  • AI products drive growth acceleration AI tools CoCo and CoWork contributed roughly half of the growth acceleration, with CoCo reaching 9,100 accounts and CoWork 5,800. This proves Snowflake's AI investments are turning into real sales, supporting the stock's premium valuation and future growth prospects.

    It explains the underlying driver of the earnings beat and why investors are excited about SNOW's AI strategy.

  • Net new customers and large customer growth Snowflake added 692 net new customers and now has 828 customers paying over $1 million annually, with net revenue retention at 126%. This shows the platform is attracting and keeping big spenders, which supports long-term revenue growth and justifies a higher stock price.

    It highlights the strength of Snowflake's customer base, a key metric investors watch for durable growth.

  • Broad tech rally and Fed rate hopes Snowflake's surge coincided with a broad tech rally after Nvidia's $13 billion Hugging Face deal and Fed comments suggesting rates may stay put. This lifts tech stocks broadly, adding market-wide momentum that amplifies Snowflake's gain.

    It provides context for the broader market environment that helped push SNOW higher, though it's secondary to company-specific news.

August 2026
▲3▼1

Snowflake's AI products gain traction, but hedge funds trim and losses persist

  • AI product traction drives 30% revenue growth guidance Snowflake projected 30% year-over-year product revenue growth for the current quarter, citing rapid adoption of AI tools like Cortex Code (7,100+ accounts) and Snowflake Intelligence (accounts doubled). This shows AI investments are converting into real sales, supporting the stock's premium valuation.

    This is the core fundamental driver of the period, directly explaining why SNOW is moving up.

  • Snowflake raises guidance on early AI product success Snowflake raised its guidance after seeing enough traction with an early AI product to attribute the increase specifically to it, and beat consensus on revenue and earnings. This signals management confidence and strengthens the bull case, pushing the stock higher.

    Guidance raise is a new, concrete positive catalyst that directly affects investor expectations.

  • Hedge funds trim Snowflake stakes, short interest rises Hedge fund ownership fell from 90 to 80 funds, and short interest rose to 6.65% of float. This reflects growing caution among professional investors, which can pressure the stock price as sentiment weakens.

    This is a real counterweight showing that not all investors are bullish, balancing the positive AI narrative.

  • $6 billion AWS deal and new AI integrations expand ecosystem Snowflake signed a $6 billion multiyear AWS commitment and launched new AI security and data partnerships (1Password, Zeotap). These deepen its platform lock-in and open new demand channels, supporting long-term revenue growth and the stock's momentum.

    The AWS deal is a major new commitment that validates Snowflake's growth strategy and ecosystem strength.

▲3▼1

Snowflake's AI products gain traction, but hedge funds trim and losses persist

  • AI product traction drives 30% revenue growth guidance Snowflake projected 30% year-over-year product revenue growth for the current quarter, citing rapid adoption of AI tools like Cortex Code (7,100+ accounts) and Snowflake Intelligence (accounts doubled). This shows AI investments are converting into real sales, supporting the stock's premium valuation.

    This is the core fundamental driver of the period, directly explaining why SNOW is moving up.

  • Snowflake raises guidance on early AI product success Snowflake raised its guidance after seeing enough traction with an early AI product to attribute the increase specifically to it, and beat consensus on revenue and earnings. This signals management confidence and strengthens the bull case, pushing the stock higher.

    Guidance raise is a new, concrete positive catalyst that directly affects investor expectations.

  • Hedge funds trim Snowflake stakes, short interest rises Hedge fund ownership fell from 90 to 80 funds, and short interest rose to 6.65% of float. This reflects growing caution among professional investors, which can pressure the stock price as sentiment weakens.

    This is a real counterweight showing that not all investors are bullish, balancing the positive AI narrative.

  • $6 billion AWS deal and new AI integrations expand ecosystem Snowflake signed a $6 billion multiyear AWS commitment and launched new AI security and data partnerships (1Password, Zeotap). These deepen its platform lock-in and open new demand channels, supporting long-term revenue growth and the stock's momentum.

    The AWS deal is a major new commitment that validates Snowflake's growth strategy and ecosystem strength.

July 2026
▲2▼1

Snowflake's AI momentum builds as competition and valuation stay in focus

  • Analyst and media endorsements lift sentiment Jim Cramer's buy call and a growth-stock recommendation highlight Snowflake's AI software position and a total market opportunity that could double to $460 billion by fiscal 2031. These endorsements draw investor attention and support demand for the shares.

    Shows outside validation that can pull new buyers into the stock.

  • New AI integrations expand regulated-industry reach Snowflake integrated Rogo's secure AI tooling so banks and asset managers can run AI on sensitive financial data without moving it. This deepens Snowflake's role in regulated sectors, a durable demand driver that supports product revenue growth.

    A concrete new product expansion that widens Snowflake's addressable market.

  • CEO pay package ties huge award to stock milestones Snowflake unveiled a pay plan worth up to about $448 million for CEO Sridhar Ramaswamy, payable only if the market value nearly doubles to $184 billion within seven years. It aligns leadership with shareholders but could raise concerns about dilution and retention costs.

    A new governance and capital item that affects how investors view management incentives.

  • Databricks funding round intensifies rivalry Databricks signed a term sheet for a funding round valuing it at $188 billion, with capital earmarked for AI expansion and acquisitions. A better-funded rival pressures Snowflake's pricing and market share in data and AI platforms.

    Directly shows the competitive threat that can cap Snowflake's upside.

▲2▼1

Snowflake's AI momentum builds as competition and valuation stay in focus

  • Analyst and media endorsements lift sentiment Jim Cramer's buy call and a growth-stock recommendation highlight Snowflake's AI software position and a total market opportunity that could double to $460 billion by fiscal 2031. These endorsements draw investor attention and support demand for the shares.

    Shows outside validation that can pull new buyers into the stock.

  • New AI integrations expand regulated-industry reach Snowflake integrated Rogo's secure AI tooling so banks and asset managers can run AI on sensitive financial data without moving it. This deepens Snowflake's role in regulated sectors, a durable demand driver that supports product revenue growth.

    A concrete new product expansion that widens Snowflake's addressable market.

  • CEO pay package ties huge award to stock milestones Snowflake unveiled a pay plan worth up to about $448 million for CEO Sridhar Ramaswamy, payable only if the market value nearly doubles to $184 billion within seven years. It aligns leadership with shareholders but could raise concerns about dilution and retention costs.

    A new governance and capital item that affects how investors view management incentives.

  • Databricks funding round intensifies rivalry Databricks signed a term sheet for a funding round valuing it at $188 billion, with capital earmarked for AI expansion and acquisitions. A better-funded rival pressures Snowflake's pricing and market share in data and AI platforms.

    Directly shows the competitive threat that can cap Snowflake's upside.

Q2 2026
▲3

Snowflake's AI products drive growth reacceleration and raised guidance

  • Cortex Code AI drives fastest-ever product adoption Snowflake's new AI coding assistant, Cortex Code, is now used by over 7,100 accounts and is the fastest-adopting product in company history. It speeds up development and boosts use of Snowflake's core data platform, pushing product revenue growth to 34% and lifting the full-year outlook from 27% to 31%.

    This is the core new driver behind the raised guidance and growth reacceleration, directly lifting SNOW's price.

  • Unlimitail picks Snowflake for retail media data hub Unlimitail selected Snowflake Data Clean Rooms to power a new retail media network across 120 retail sites, 250 million shoppers, and 35+ retail partners in Europe and Latin America. This expands Snowflake's presence in privacy-preserving data collaboration, driving demand for its platform.

    A new customer win that broadens Snowflake's use cases and supports future revenue growth.

  • Cathie Wood's Ark funds buy $52 million of SNOW Cathie Wood's Ark funds initiated a $52 million position in Snowflake, signaling institutional confidence. This follows a 41% surge in the past month, driven by strong earnings and a $6 billion AWS infrastructure deal. The buying adds capital and supports the stock price.

    A notable institutional purchase that can boost investor sentiment and demand for the stock.

  • Valuation and competition remain key risks Despite the AI-driven comeback, Snowflake trades at a very high forward earnings multiple (118x) and still posts a GAAP operating loss. Analysts warn the valuation leaves little room for disappointment if competition intensifies or growth slows, capping upside potential.

    This is the main counterweight to the positive drivers, giving a fair picture of the risks that could push SNOW down.

June 2026
▲3

Snowflake's AI products drive growth reacceleration and raised guidance

  • Cortex Code AI drives fastest-ever product adoption Snowflake's new AI coding assistant, Cortex Code, is now used by over 7,100 accounts and is the fastest-adopting product in company history. It speeds up development and boosts use of Snowflake's core data platform, pushing product revenue growth to 34% and lifting the full-year outlook from 27% to 31%.

    This is the core new driver behind the raised guidance and growth reacceleration, directly lifting SNOW's price.

  • Unlimitail picks Snowflake for retail media data hub Unlimitail selected Snowflake Data Clean Rooms to power a new retail media network across 120 retail sites, 250 million shoppers, and 35+ retail partners in Europe and Latin America. This expands Snowflake's presence in privacy-preserving data collaboration, driving demand for its platform.

    A new customer win that broadens Snowflake's use cases and supports future revenue growth.

  • Cathie Wood's Ark funds buy $52 million of SNOW Cathie Wood's Ark funds initiated a $52 million position in Snowflake, signaling institutional confidence. This follows a 41% surge in the past month, driven by strong earnings and a $6 billion AWS infrastructure deal. The buying adds capital and supports the stock price.

    A notable institutional purchase that can boost investor sentiment and demand for the stock.

  • Valuation and competition remain key risks Despite the AI-driven comeback, Snowflake trades at a very high forward earnings multiple (118x) and still posts a GAAP operating loss. Analysts warn the valuation leaves little room for disappointment if competition intensifies or growth slows, capping upside potential.

    This is the main counterweight to the positive drivers, giving a fair picture of the risks that could push SNOW down.

▲3

Snowflake's AI products drive growth reacceleration and raised guidance

  • Cortex Code AI drives fastest-ever product adoption Snowflake's new AI coding assistant, Cortex Code, is now used by over 7,100 accounts and is the fastest-adopting product in company history. It speeds up development and boosts use of Snowflake's core data platform, pushing product revenue growth to 34% and lifting the full-year outlook from 27% to 31%.

    This is the core new driver behind the raised guidance and growth reacceleration, directly lifting SNOW's price.

  • Unlimitail picks Snowflake for retail media data hub Unlimitail selected Snowflake Data Clean Rooms to power a new retail media network across 120 retail sites, 250 million shoppers, and 35+ retail partners in Europe and Latin America. This expands Snowflake's presence in privacy-preserving data collaboration, driving demand for its platform.

    A new customer win that broadens Snowflake's use cases and supports future revenue growth.

  • Cathie Wood's Ark funds buy $52 million of SNOW Cathie Wood's Ark funds initiated a $52 million position in Snowflake, signaling institutional confidence. This follows a 41% surge in the past month, driven by strong earnings and a $6 billion AWS infrastructure deal. The buying adds capital and supports the stock price.

    A notable institutional purchase that can boost investor sentiment and demand for the stock.

  • Valuation and competition remain key risks Despite the AI-driven comeback, Snowflake trades at a very high forward earnings multiple (118x) and still posts a GAAP operating loss. Analysts warn the valuation leaves little room for disappointment if competition intensifies or growth slows, capping upside potential.

    This is the main counterweight to the positive drivers, giving a fair picture of the risks that could push SNOW down.

© 2026 MarketIVWhy