NEW YORK, NY / ACCESSWIRE / March 28, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Snowflake Inc. ("Snowflake" or "the Company") (NYSE:SNOW). Investors who purchased Snowflake securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SNOW.
Investigation Details:
On February 28, 2024, Snowflake issued a press release announcing financial results for its fourth quarter and full-year fiscal 2024. The Company advised investors that it expects product revenue to rise only 22% in fiscal year 2025, significantly less than its 38% increase in fiscal year 2024. Separately, Snowflake disclosed that Chief Executive Officer Frank Slootman is retiring and will be replaced by Sridhar Ramaswamy, effectively immediately. On this news, Snowflake's stock price fell sharply during intraday trading on February 29, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Snowflake securities, you can assist this investigation by visiting the firm's site: bgandg.com/SNOW. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC