Top 5 Trending Stocks Today

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In this article, we discuss the top 5 trending stocks today If you want to check out some other hot stocks on Thursday, go directly to Top 10 Trending Stocks Today

5. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 65

Shares of Snowflake Inc. (NYSE:SNOW) rose to a nearly four-month high before the opening bell on Thursday. The surge came after the data-software firm posted record sales for its fiscal second quarter.

Snowflake Inc. (NYSE:SNOW) generated revenue of $497.2 million, representing a jump of 83 percent over the corresponding period of 2021. Analysts were looking for revenue of $467.5 million. Product revenue for the quarter increased to $466.3 million, accounting for more than 93 percent of the total revenue.

On the downside, Snowflake Inc. (NYSE:SNOW) reported a loss of 70 cents per share, wider than the loss of 64 cents per share in the year-ago period.

For the full year, Snowflake Inc. (NYSE:SNOW) raised its sales outlook to a range of $1.905 – $1.915 billion, from its previous projection of $1.885 – $1.9 billion. The updated guidance represents year-over-year growth of 67 – 68 percent.

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