SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Snowflake Inc. - SNOWSHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Snowflake Inc. - SNOWPR NewswireNEW YORK, March 4, 2024NEW YORK, March 4, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Snowflake or the Company NYSE: SNOW. Such investors are advised to contact Danielle Peyton at or 646-581-9980, or 888.4-POMLAW, toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Snowflake and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.You have until , to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired Snowflake securities during the Class Period. A copy of the Complaint can be obtained at .   On March 2, 2022, Snowflake reported results for its fourth fiscal quarter ended January 31, 2022 and disappointing fiscal 2023 guidance.  The Companys product revenue growth rate for fiscal 2023 was projected to be slashed to a range of 65% to 67%, far below the triple-digit growth and purportedly ongoing favorable business trends that Snowflake and its officers had previously highlighted.  On a related earnings call also held on March 2, 2022, Chief Financial Officer Michael P. Scarpelli revealed that Snowflake customers were consuming at a reduced rate, which he blamed on platform enhancements . . . which lowered credit consumption. On this news, Snowflakes stock price fell 40.67 per share, or 15.37%, to close at 224.02 per share on March 3, 2022.Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See .Attorney advertising.  Prior results do not guarantee similar outcomes.