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.

ServiceNow Stock Down 0.5 %

NOW opened at $504.07 on Tuesday. ServiceNow has a 52 week low of $406.47 and a 52 week high of $707.60. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.35. The business's fifty day simple moving average is $468.30 and its 200 day simple moving average is $502.87. The stock has a market cap of $101.82 billion, a PE ratio of 553.92, a P/E/G ratio of 10.28 and a beta of 0.94.

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

Wall Street Analyst Weigh In

NOW has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of ServiceNow from $540.00 to $515.00 and set a "buy" rating for the company in a research note on Thursday, July 28th. TheStreet lowered shares of ServiceNow from a "b-" rating to a "c+" rating in a research report on Tuesday, April 26th. Citigroup reduced their price target on shares of ServiceNow from $600.00 to $575.00 and set a "buy" rating for the company in a research report on Thursday, July 28th. Wells Fargo & Company dropped their price objective on ServiceNow from $600.00 to $550.00 and set an "overweight" rating on the stock in a report on Monday, July 25th. Finally, Truist Financial dropped their price objective on ServiceNow from $600.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat, ServiceNow presently has an average rating of "Moderate Buy" and a consensus target price of $598.84.

Insider Activity

In related news, insider Lara Caimi sold 977 shares of the business's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $514.96, for a total value of $503,115.92. Following the completion of the transaction, the insider now directly owns 43 shares in the company, valued at approximately $22,143.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Chirantan Jitendra Desai sold 7,000 shares of the business's stock in a transaction on Friday, May 27th. The shares were sold at an average price of $477.52, for a total value of $3,342,640.00. Following the transaction, the chief operating officer now owns 38,980 shares of the company's stock, valued at $18,613,729.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lara Caimi sold 977 shares of the firm's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $514.96, for a total value of $503,115.92. Following the transaction, the insider now owns 43 shares of the company's stock, valued at approximately $22,143.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,362 shares of company stock worth $15,644,017. Insiders own 0.28% of the company's stock.