Arlington Asset Investment (AI) Q3 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Senior Director of Investor Relations
Good afternoon, and thank you for joining us on today s conference call to discuss Palo Alto Networks fiscal second-quarter 2021 financial results. I m Karen Fung, senior director of investor relations. This call is being broadcast live over the web and can be accessed on the Investors section of our website at investors.paloaltonetworks.com. With me on today s call are Nikesh Arora, our chairman and chief executive officer; Luis Visoso, our chief financial officer; and Lee Klarich, our chief product officer.
This afternoon, we issued a press release announcing our results for the fiscal second quarter ended January 31, 2021. If you would like a copy of the release, you can access it online on our website. We would like to remind you that during the course of this conference call, management will be making forward-looking statements, including statements regarding the impact of COVID-19 and the SolarStorm attack on our business, our customers,
Share:
Snowflake Inc (NYSE: SNOW) could see fresh selling as the lock-up period ends on more than 37.9 million shares today, the company said in an SEC filing last week.
What Happened: Snowflake’s strong stock performance since its September listing has seen the stock appreciate by 123%. This has triggered a premature easing of restrictions or lock-up period allowing non-employee shareholders to sell up to 25% of their vested options, representing 37,904,494 shares.
Barron’s reports that Deutsche Bank analyst Patrick Colville repeated his Hold rating for Snowflake on Tuesday, cutting his price target to $270, from $335. As per Colville, the early lock-up expiration will increase the free float in Snowflake shares by 87%.