TickerBrief

NOW · ServiceNow, Inc.

ServiceNow Inc NOW

Provides cloud-based software that automates workflows for IT, employee, and customer service operations.

Industry
Technology
Listed on
New York Stock Exchange
IPO
2012-06-29
Website
servicenow.com

Daily brief

ServiceNow drops after hours despite revenue beat, raised outlook

-3.00% to $150.13 from $154.78

What moved NOW

  • Revenue rose 21% year-over-year to $4.11 billion, edging past the $4.09 billion analyst estimate.
  • Net income fell 45% year-over-year to $277 million.
  • Shares dropped more than 10% in early after-hours trading following the report.
  • The decline extended a pattern of post-earnings drops despite beats in each of the company’s past three quarterly reports.

Sources: Seeking Alpha · TipRanks

Daily brief

ServiceNow gains as Bank of America turns more bullish on its AI momentum

+2.27% to $147.99 from $144.71

What moved NOW

  • ServiceNow shares rose in premarket trading after Bank of America raised its price target on the stock, citing the company’s AI momentum.
  • ServiceNow has topped $1 billion in AI annual contract value and raised its full-year subscription revenue guidance to a range of $15.76 billion to $15.78 billion.
  • The move also reflected a broader re-rating of enterprise software stocks tied to accelerating AI adoption.

Sources: TheStreet · TradingKey

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