Salesforce Beats Earnings Estimates but Guidance Disappoints
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: CNBC
- Earnings Performance: Salesforce reported earnings that exceeded expectations, with CEO Marc Benioff projecting over $46 billion in revenue for the year, although his interpretation of guidance diverges from investor sentiment, indicating the company's strong market position.
- Share Buyback Program: Salesforce is executing a share buyback program despite its stock being down 37% from last November's high, aiming to bolster shareholder confidence and stabilize its stock price amidst market fluctuations.
- Snowflake's Strong Growth: Snowflake's quarterly earnings led to a 36% increase in its stock during after-hours trading, with CEO Sridhar Ramaswamy emphasizing that product innovation will drive the enterprise AI revolution, showcasing the company's competitive edge in the industry.
- Upcoming Market Data: Key economic data set to be released includes weekly jobless claims and GDP revisions, with the consensus estimate for initial jobless claims at 213,000, indicating signs of economic recovery that could influence investor sentiment.
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Analyst Views on SNOW
Wall Street analysts forecast SNOW stock price to rise
33 Analyst Rating
30 Buy
3 Hold
0 Sell
Strong Buy
Current: 239.200
Low
237.00
Averages
278.19
High
312.00
Current: 239.200
Low
237.00
Averages
278.19
High
312.00
About SNOW
Snowflake Inc. is an artificial intelligence (AI) data cloud company. The Company provides a platform which powers the AI data cloud, enabling customers to consolidate data into a single source of truth to drive insights, apply AI to solve business problems, build data applications, and share data and data products. Its cloud-native architecture includes three independently scalable but logically integrated layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The cloud services layer enables users to securely use AI within applications, tools, and processes. Its platform supports a wide range of product categories for customers’ business objectives, including analytics, data engineering, AI, applications and collaboration.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Upgraded Annual Performance Forecast: Management raised its full-year product revenue forecast to $5.84 billion, reflecting a 31% growth rate, and increased the adjusted operating margin expectation to 13.5%, showcasing optimism about AI business prospects.
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See More
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- Attractive Investment Returns: Datadog's stock has risen 84% since the beginning of the year, reaching a new 52-week high, with investors who bought $1,000 worth of shares five years ago now seeing their investment grow to $2,678, showcasing its strong growth potential.
See More
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- Accelerated Revenue Growth: Snowflake's revenue growth has significantly accelerated, leading to a 7.02% increase in stock price on the afternoon of May 27, 2026, reflecting market optimism about its future performance.
- Positive Market Reaction: Investors are increasingly confident in Snowflake's accelerated growth, as the surge in stock price indicates the company's strengthening competitiveness in the cloud computing sector, potentially attracting more institutional investors.
- Strategic Implications: With rapid revenue growth, Snowflake is poised to further solidify its leadership position in the data cloud services market, enhancing market share and brand influence.
- Optimistic Future Outlook: The accelerated revenue growth not only boosts short-term stock performance but also lays the groundwork for sustained future growth, which may trigger further investment and innovation.
See More
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- Snowflake Stock Surge: On May 28, 2026, Snowflake's stock rose by 7.02%, indicating strong market confidence in its growth potential, which may attract more investor interest in its financial performance.
- Salesforce Updates: Salesforce was mentioned in the video, although specific stock price changes were not provided, its stable position in the market could influence its future business strategies and competitive edge.
- Updates on Nebius and Meta: The video also covered recent updates on Nebius and Meta, though lacking specific details, this indicates their ongoing development in the industry, which may impact related markets.
- Video Overview: Published on May 28, 2026, the video aims to provide the latest information on Snowflake, Salesforce, Nebius, and Meta, encouraging viewers to subscribe and check out special offers, reflecting the content creator's emphasis on audience engagement.
See More
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- Accelerated Revenue Growth: Snowflake's revenue growth has significantly accelerated, leading to a substantial increase in its stock price during afternoon trading on May 27, 2026, reflecting market optimism about its future performance.
- Investor Attention: Despite Snowflake's strong stock performance, The Motley Fool's analyst team did not include it in their current list of top investment stocks, indicating a divergence in market views regarding its long-term potential.
- Market Comparison: The Motley Fool's Stock Advisor program shows an average return of 985%, far exceeding the S&P 500's 211%, highlighting the need for investors to carefully assess potential returns when selecting stocks.
- Industry Impact: With the rapid advancement of AI technology, Snowflake is seen as a key technology provider, potentially positioning itself prominently in future market competition and attracting increased investor interest.
See More
