Sprout Social, Workiva, Flywire, American Express Global Business Travel, and Snowflake Shares Skyrocket, What You Need To Know

What Happened?

Shares of cloud data platform provider Snowflake jumped 3.9% in the afternoon session after investors wagered geopolitical tension would be contained following the U.S. military's operation in Venezuela, with the Dow hitting a fresh record. 

Sentiment remained firmly "risk-on" for early 2026, with Wall Street prioritizing domestic economic strength over foreign turbulence. Analysts noted that while the event raises short-term supply questions, the market largely viewed the potential stabilization of Venezuela's vast oil reserves as a long-term economic positive. 

Also, investor attention turned to the annual CES 2026 technology conference in Las Vegas, with artificial intelligence emerging as a central theme. Attention shifted to tech giants like Nvidia and AMD, whose CEOs were headlining the event. This focus continued the AI-fuelled momentum that drove market gains the previous year. The rally had global reach, with an MSCI Asia Pacific Index surge being driven by heavyweight chip names like Samsung and Taiwan Semiconductor Manufacturing Company. The event reinforced investor confidence in the long-term demand for the booming AI and chipmaking trend, boosting shares of companies across the semiconductor and technology space.

The shares closed the day at $224.40, up 3.5% from previous close.

What Is The Market Telling Us

Snowflake’s shares are somewhat volatile and have had 14 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 18 days ago when the stock gained 2.6% on the news that cooler-than-expected inflation data reignited hopes for Federal Reserve interest rate cuts. 

The November Consumer Price Index (CPI), a key measure of inflation, rose 2.7% year-over-year, coming in below economists' expectations of a 3.1% increase. Similarly, "core" inflation, which excludes volatile food and energy prices, rose 2.6%, beating the consensus forecast of 3.0%. This encouraging report meant that inflationary pressures were easing more quickly than anticipated. As a result, investors grew more optimistic that the Federal Reserve would have the flexibility to cut interest rates in the near future. Lower interest rates generally reduce borrowing costs for companies and can make stocks, particularly growth-oriented tech shares, more attractive to investors.

Snowflake is up 3.7% since the beginning of the year, but at $224.72 per share, it is still trading 18.9% below its 52-week high of $277.14 from November 2025. Investors who bought $1,000 worth of Snowflake’s shares 5 years ago would now be looking at an investment worth $791.74.

What Happened?

Shares of business travel management company Global Business Travel Group jumped 6.7% in the afternoon session after its parent investor, Certares, announced a partnership with Italian rail firm FS to promote high-speed rail over air travel. 

The plan involved leveraging Certares’ travel-sector portfolio companies, which included American Express Global Business Travel, to encourage business and leisure travelers to switch from short-haul flights to high-speed trains. This shift was promoted as a more environmentally friendly, reliable, and cost-effective option. The collaboration presented an opportunity for the company to support its business customers in making this transition, potentially opening up new avenues for growth by directing corporate clients to these expanded rail services.

What Is The Market Telling Us

American Express Global Business Travel’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 5 months ago when the stock gained 13.2% on the news that the company reported second-quarter financial results that surpassed expectations and raised its full-year guidance. 

The company's revenue increased 1% year-over-year to $631 million, while adjusted EBITDA grew 4% to $133 million. In another positive development, the U.S. Department of Justice dismissed its lawsuit that challenged the acquisition of CWT. The strong performance prompted an analyst at Deutsche Bank to raise the price target on the stock while the firm maintained a 'Buy' rating. Management also announced plans to activate a $300 million share buyback program.

American Express Global Business Travel is up 6.7% since the beginning of the year, but at $8.03 per share, it is still trading 11.1% below its 52-week high of $9.03 from January 2025. Investors who bought $1,000 worth of American Express Global Business Travel’s shares 5 years ago would now be looking at an investment worth $773.87.

As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the data storage industry, including Snowflake and its peers.

Data is the lifeblood of the internet and software in general, and the amount of data created is accelerating. As a result, the importance of storing the data in scalable and efficient formats continues to rise, especially as its diversity and associated use cases expand from analyzing simple, structured datasets to high-scale processing of unstructured data such as images, audio, and video.

The 4 data storage stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.6% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 3.7% on average since the latest earnings results.

Snowflake

Named after the unique architecture of its data warehouse which resembles a snowflake pattern, Snowflake provides a cloud-based data platform that enables organizations to consolidate, analyze, and share data across multiple cloud providers.

Snowflake reported revenues of $1.21 billion, up 28.7% year on year. This print exceeded analysts’ expectations by 2.4%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ revenue estimates.

Snowflake scored the fastest revenue growth of the whole group. The company added 34 enterprise customers paying more than $1 million annually to reach a total of 688. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 15.9% since reporting and currently trades at $223.80.

We think Snowflake is a good business, but is it a buy today? Read our full report here, it’s free for active Edge members.

Best Q3: MongoDB

Named after "humongous database," reflecting its ability to handle massive data loads, MongoDB provides a flexible document-based database platform that helps developers build, deploy, and maintain modern applications more efficiently.

MongoDB reported revenues of $628.3 million, up 18.7% year on year, outperforming analysts’ expectations by 5.7%. The business had an exceptional quarter with a solid beat of analysts’ billings estimates and EPS guidance for next quarter exceeding analysts’ expectations.

MongoDB pulled off the biggest analyst estimates beat and highest full-year guidance raise among its peers. The company added 130 enterprise customers paying more than $100,000 annually to reach a total of 2,694. The market seems happy with the results as the stock is up 32.5% since reporting. It currently trades at $437.25.

Weakest Q3: Commvault

Born from the need to create ironclad protection in an increasingly dangerous digital world, Commvault provides data protection and cyber resilience software that helps organizations secure, back up, and recover their data across on-premises, hybrid, and multi-cloud environments.

Commvault reported revenues of $276.2 million, up 18.4% year on year, exceeding analysts’ expectations by 1.1%. Still, it was a mixed quarter as it posted a miss of analysts’ EBITDA estimates.

Commvault delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. As expected, the stock is down 27.2% since the results and currently trades at $126.71.

Read our full analysis of Commvault’s results here.

DigitalOcean

Built for simplicity in a world of complex cloud solutions, DigitalOcean provides a simplified cloud computing platform that enables developers and small businesses to quickly deploy and scale applications.

DigitalOcean reported revenues of $229.6 million, up 15.7% year on year. This print topped analysts’ expectations by 1.4%. Aside from that, it was a satisfactory quarter as it also recorded a solid beat of analysts’ EBITDA estimates but EPS guidance for next quarter missing analysts’ expectations significantly.

DigitalOcean had the slowest revenue growth among its peers. The stock is up 25.6% since reporting and currently trades at $48.75.

Read our full, actionable report on DigitalOcean here, it’s free for active Edge members.