Snowflake Falls 5% as Traders Take Profits on Its Guidance Surge; Datadog Holds Steady The recent 5% decline in Snowflake's stock price following its earnings pop has sent ripples through the enterprise software sector.
However, this move appears to be nothing more than profit taking by traders who jumped on the bandwagon after Snowflake's impressive Q2 FY2027 results. Snowflake's strong numbers – non GAAP EPS of $0.
62 and revenue of $1. 55 billion, up 35. 1% year over year – were exactly what investors had been hoping for. Management raised its product revenue guide to $6.