In a report published on Monday, Piper Jaffray analyst Andrew Nowinski reiterated a Neutral rating on Fusion-io (NYSE: FIO) and lowered the price target from $18.00 to $15.00. In the report, Piper Jaffray stated, “Sentiment surrounding shares of FIO still remains starkly negative, evidenced. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Share:
Jon Najarian is bullish on
Snowflake Inc (NYSE: SNOW) after earnings, he said Thursday on CNBC s Fast Money: Halftime Report.
What Happened: Snowflake reported an earnings loss of 70 cents, which missed the estimate for a loss of 16 cents. The company reported quarterly revenue of $228.9 million, which beat the estimate of $212.9 million and represented 110% growth year-over-year.
“Snowflake reported strong Q1 results with triple-digit growth in product revenue, reflecting strength in customer consumption. Remaining performance obligations showed a robust increase year-on-year, indicating strength in sales across the board, said Snowflake CEO Frank Slootman.
Institutions are beginning to buy into the Snowflake story, Najarian told CNBC.
Operator
Good day, and thank you for standing by. Welcome to the Telos Corporation first-quarter 2021 earnings conference call. [Operator instructions] After the speakers presentation, there will be a question-and-answer session. [Operator instructions] I would now like to hand the conference over to your speaker today, Brinlea Johnson.
Please go ahead.
Investor Relations
Good afternoon. Thank you for joining us to discuss Telos Corporation s first-quarter 2021 financial results. With me today is John Wood, CEO and chairman of Telos; and Michele Nakazawa, CFO of Telos. Let me quickly review the format of today s presentation.
John will begin with some brief remarks on the first-quarter results, our brief corporate overview, and Telos strategic priorities. And Michele will cover the financials and guidance. Then I m going to turn the call over to the analyst for Q&A. The earnings press release was issued earlier today and is posted on the Telos website where this call is being