Snowflake Inc. Snowflake Inc. (SNOW) is putting a familiar face in charge of its revenue engine. The company said Tuesday it has named Jonathan Beaulier as its new chief revenue officer, effective at the end of March 2026. He’ll be taking over from Mike Gannon, who is stepping down for personal reasons.
This isn’t a hire from the outside. Beaulier is a company veteran who joined Snowflake back in 2016. He’ll now be the one leading the AI data cloud company’s revenue and go-to-market teams, a crucial role as Snowflake continues to execute its growth strategy.
Guidance Stays the Course
Separately, and perhaps just as importantly for investors, Snowflake reaffirmed its financial guidance. The company said it’s sticking with the outlook for the first quarter and the full 2027 fiscal year that it issued back on February 25, 2026, alongside its fourth-quarter results.
Those Q4 results were pretty solid. The company posted revenue of $1.28 billion and adjusted earnings of 34 cents per share, both beating what analysts were expecting. Total revenue and product revenue each grew 30% compared to the same period a year ago. Its remaining performance obligations—a measure of future revenue under contract—jumped 42% to $9.77 billion.
Looking ahead, Snowflake is projecting first-quarter product revenue between $1.26 billion and $1.27 billion. That would represent year-over-year growth of about 27%. The company also guided for an adjusted operating margin of 9% for Q1 and 12.5% for the full fiscal year.
Technical Analysis: The Charts Tell a Different Story
Here’s where things get interesting. The company’s financial performance seems healthy, but the stock chart is telling a more cautious tale. Snowflake shares are currently trading 12.1% below their 20-day simple moving average and a more significant 27.7% below their 100-day moving average. That keeps both the short-term and intermediate-term trends pointed lower.
Over the past 12 months, the stock is up just under 3%, but it’s still sitting much closer to its 52-week low than its high. The Relative Strength Index (RSI) is at 35.53, which is technically in neutral territory but leans more toward indicating weak momentum rather than setting up for a classic oversold bounce. The MACD indicator is at -6.0191 and remains below its signal line at -4.3788, a configuration that suggests bearish pressure is still in control.
Put simply, the technical picture suggests sellers still have the upper hand unless the stock price can reclaim some key trend levels.
- Key Resistance: N/A
- Key Support: $135.50
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