Snowflake is due to report earnings Wednesday afternoon, with the cloud database software provider's stock seen swinging up to 10.5% in either direction by the end of the week.
Wall Street **** ysts expect another solid quarter of growth from Snowflake.
Snowflake is set to report its latest quarterly results after the closing bell on Wednesday, with the cloud database software provider's stock seen potentially rising to a fresh five-year high following the results.
Based on current options pricing, Snowflake (SNOW) shares are expected to swing up to 10.5% in either direction by the end of the week. A move of that size from Monday's close could lift the stock to $361, which would be its highest point since late 2021, or drag it below $297, giving back some of its recent gains.
Snowflake shares have added about half of their value since the start of the year as investors have bought into the company's AI vision. Back in May, shares rallied more than 35% in a single session following stronger-than-expected results, a raised outlook, and $6 billion deal with Amazon (AMZN).

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