ServiceNow - NOW Stock Forecast, Price & News

ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools. The company also provides information technology (IT) service management applications; IT service management product suite for enterprise's employees, customers, and partners; IT business management product suite; IT operations management product that connects a customer's physical and cloud-based IT infrastructure; IT Asset Management to automate IT asset lifecycles; and security operations that connects with internal and third party. In addition, it offers governance, risk, and compliance product to manage risk and resilience; human resources, legal, and workplace service delivery products; safe workplace applications; customer service management product; and field service management applications. Further, it provides App Engine product; IntegrationHub enables application to extend workflows; and professional, industry solutions, and customer support services. It serves government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products through direct sales team and resale partners. It has a strategic partnership with Celonis to help customers identify and prioritize processes that are suitable for automation. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. The company was founded in 2004 and is headquartered in Santa Clara, California.

Analyst Upgrades and Downgrades

NOW has been the topic of a number of recent analyst reports. Citigroup reduced their price target on shares of ServiceNow from $600.00 to $575.00 and set a "buy" rating on the stock in a research report on Thursday, July 28th. Barclays cut their price objective on shares of ServiceNow from $560.00 to $495.00 and set an "overweight" rating on the stock in a research report on Thursday, July 28th. Canaccord Genuity Group cut their price objective on shares of ServiceNow from $615.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, July 28th. Guggenheim started coverage on shares of ServiceNow in a research report on Friday. They issued a "neutral" rating and a $510.00 price objective on the stock. Finally, Sanford C. Bernstein started coverage on shares of ServiceNow in a research report on Tuesday, July 19th. They issued an "outperform" rating and a $646.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $598.84.

ServiceNow Stock Performance

NOW traded up $7.06 on Friday, reaching $506.51. The company had a trading volume of 1,652,508 shares, compared to its average volume of 1,817,849. ServiceNow has a fifty-two week low of $406.47 and a fifty-two week high of $707.60. The stock has a market cap of $102.32 billion, a P/E ratio of 556.60, a P/E/G ratio of 10.47 and a beta of 0.94. The company's fifty day moving average is $467.79 and its 200 day moving average is $503.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.12.

ServiceNow (NYSE:NOW - Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The information technology services provider reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.08. ServiceNow had a net margin of 2.79% and a return on equity of 7.22%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the business earned $0.38 EPS. ServiceNow's quarterly revenue was up 24.3% on a year-over-year basis. As a group, analysts predict that ServiceNow will post 1.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ServiceNow news, insider Paul John Smith sold 412 shares of the stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $427.17, for a total transaction of $175,994.04. Following the transaction, the insider now owns 1,755 shares in the company, valued at approximately $749,683.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Paul John Smith sold 412 shares of the company's stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $427.17, for a total transaction of $175,994.04. Following the completion of the sale, the insider now owns 1,755 shares of the company's stock, valued at approximately $749,683.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Russell S. Elmer sold 4,812 shares of the company's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $438.99, for a total transaction of $2,112,419.88. Following the sale, the general counsel now directly owns 9,293 shares of the company's stock, valued at approximately $4,079,534.07. The disclosure for this sale can be found here. Insiders have sold a total of 33,362 shares of company stock worth $15,644,017 in the last quarter. Corporate insiders own 0.28% of the company's stock.