NEW YORK, Feb. 27, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Snowflake Inc. (NYSE: SNOW) and certain of its officers. This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Snowflake securities between June 27, 2023 and February 28, 2024, both dates i ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Snowflake To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Snowflake between June 27, 2023 and February 28, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 Â (Ext. 1310). [You may also click here for additional information] NEW YORK, Feb. 27, 2026 /PRNewswire/ --Â Faruq ...

Core Viewpoint - A class action lawsuit has been filed against Snowflake Inc. for allegedly misleading investors about its business prospects during a specified period, leading to significant stock price declines following the disclosure of negative financial forecasts [1][2][3]. Group 1: Allegations and Misleading Statements - The lawsuit claims that Snowflake made repeated positive statements about its business state, including customer usage and product developments, while failing to disclose material negative impacts from product efficiency gains and tiered storage pricing [2]. - It is alleged that these positive statements lacked a reasonable basis due to undisclosed factors that were expected to negatively affect consumption and revenues [2]. Group 2: Financial Disclosure and Stock Impact - On February 28, 2024, Snowflake disclosed its financial results for the quarter ended January 31, 2024, which included forecasts of increased revenue headwinds due to product efficiency gains and tiered storage pricing [3]. - Following this announcement, Snowflake's Class A common stock price fell by $41.72, or 18.14%, from $230.00 to $188.28 per share [3]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action against Snowflake and can contact Robbins LLP if they wish to serve as lead plaintiffs [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Group 4: Company Background - Robbins LLP is noted as a leader in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].

LOS ANGELES--(BUSINESS WIRE)--SNOW Investors Have Opportunity to Lead Snowflake Inc. Securities Fraud Lawsuit with the DJS Law Group. ...

India is growing at a much faster pace than global markets for us, signalling that the adoption of Enterprise AI and managed data cloud platforms is leapfrogging here, Snowflake India MD Vijayant Rai said.“We today work with some of the largest digital natives in the country, and they are serving 90 to 100 million customers on a daily basis using the data and AI cloud platform, which we provide,” Rai told businessline in a recent interaction. He sees sectors such as financial services and manufacturing to b ...

格隆汇2月27日｜摩根大通将Snowflake的目标价从268美元下调至245美元，仍维持"增持"评级。(格隆 汇) ...

Core Viewpoint - Snowflake Inc. is facing a class action lawsuit for alleged violations of securities laws, specifically for making false and misleading statements regarding its financial performance and operational challenges [1]. Group 1: Lawsuit Details - The class action lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - The class period for the lawsuit is from June 27, 2023, to February 28, 2024, with a deadline for participation set for April 27, 2026 [1]. - The complaint alleges that Snowflake's pricing changes and efficiency gains by customers negatively impacted its consumption levels and revenues, while the company continued to make optimistic claims about its future performance [1]. Group 2: Implications for Shareholders - Shareholders who purchased shares during the class period are encouraged to contact the DJS Law Group regarding potential lead plaintiff appointments, although such appointments are not necessary to recover losses [1]. - The lawsuit highlights the potential for significant financial implications for shareholders who may have suffered losses due to the alleged misleading statements made by the company [1].

Steve Koenig from Macquarie sets a price target of $177 for NYSE:SNOW, indicating a potential upside of approximately 2.28%.Snowflake is involved in a securities fraud lawsuit, which could have significant implications for the company.Despite legal challenges, SNOW's stock shows resilience with a current price of $173.06, reflecting an increase of 2.28%.Snowflake Inc. (NYSE:SNOW) is a prominent player in the cloud-based data warehousing industry. The company provides a platform that enables businesses to co ...

Summary of Global Software Conference Call Industry Overview - The focus is on the enterprise Software as a Service (SaaS) industry, particularly the impact of AI on software valuations and market dynamics [1][11][12]. Core Concerns Impacting Software 1. **AI Commoditization of SaaS**: There is a belief that AI platforms will commoditize enterprise applications, reducing their value and profitability [17][38]. 2. **Increased Competition**: AI is expected to lower the barriers to entry for new startups, leading to increased competition and potential price wars in the enterprise software market [19][44]. 3. **In-House Application Development**: Enterprises may opt to build their own applications using AI, rather than purchasing existing solutions [18][47]. 4. **Seat Compression**: Automation through AI could lead to a reduction in the number of users (seats) for SaaS applications, impacting revenue models based on user licenses [50][51]. Advantages of Incumbent Vendors - **Domain Expertise**: Established software vendors possess significant domain knowledge embedded in their applications, which is crucial for developing effective enterprise solutions [20][55]. - **Security and Compliance**: Incumbents have established systems for data security and compliance, which are critical for enterprise applications that handle sensitive information [20][56]. - **Customer Relationships**: Existing vendors have established relationships with clients, making it easier for them to introduce new AI capabilities compared to new entrants [21][59]. - **Data Access**: Incumbents have access to valuable data and semantic knowledge that is essential for training AI models effectively [20][58]. Market Dynamics and Valuations - Valuations of many public software companies have decreased significantly due to investor concerns about AI's disruptive potential [7][11]. - The report argues that while the concerns are valid, the market overreacted, and many incumbents are better positioned than perceived [5][21]. Investment Implications - The report recommends focusing on companies with strong moats, such as SAP and Microsoft, which are likely to be AI winners [8][21]. - The enterprise application market is expected to be more resilient, particularly in areas like ERP, which are less susceptible to disruption compared to other software segments [7][21]. Conclusion - While AI poses significant challenges to the SaaS industry, the advantages held by established vendors may mitigate these risks. The transition to AI-driven solutions will take time, allowing incumbents to adapt and maintain their market positions [21][53].

Macquarie updates Snowflake Inc. (NYSE: SNOW) rating to Neutral, advising investors to hold.Rosen Law Firm initiates a class action lawsuit for investors who purchased Snowflake's Class A common stock between June 27, 2023, and February 28, 2024.The stock price of Snowflake shows a 2.28% increase, with a current price of $173.06 amidst ongoing legal proceedings.Snowflake Inc. (NYSE: SNOW) is a leading cloud-based data-warehousing company that competes with tech giants like Amazon Web Services and Microsoft ...