TMTB: SNOW CRM NTNX HPQ EPS Recaps

Sorry this out a bit late as finishing up some family stuff earlier…

SNOW: CEO retires and a big whiff on FY25 product growth.

Quite a ball to drop with the announcement of CEO retiring + a very weak product guide for FY25: 22% y/y guide with street at 30% and buyside bulls expecting low 30s and acceleration through the year, especially with the easier compares post Q1. While some might say the guide is conservative given CEO retirement, the combo of both a big miss and a well-respected CEO leaving left many scratching their heads after tonight. The Q1 product guide is also weak at $745-$750M vs street at $760M and buyside closer to $770M.

This had become a sneaky long for investors wanting AI exposure and given lack of valuation support, big cut to product #s while competitors DDOG/CFLT beat, pulling the LT guide, potential competitive concerns expects for acceleration being way off, and CEO leaving -20% seems like win. I’m guessing it tests down mid 20s tomorrow at some pt. (PANW wa…