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.

Wall Street Analysts Forecast Growth

NOW has been the subject of a number of recent analyst reports. Mizuho lowered their price target on shares of ServiceNow from $520.00 to $500.00 and set a "buy" rating for the company in a report on Thursday, July 28th. Citigroup lowered their price objective 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. JMP Securities reduced their price objective on shares of ServiceNow from $705.00 to $553.00 and set a "market outperform" rating for the company in a research note on Thursday, July 28th. Jefferies Financial Group lowered their price target on shares of ServiceNow from $700.00 to $550.00 in a report on Monday, May 23rd. Finally, Piper Sandler decreased their price objective on shares of ServiceNow from $600.00 to $550.00 and set an "overweight" rating on the stock in a report on Thursday, July 28th. Two research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $598.84.

ServiceNow Trading Up 1.4 %

NOW traded up $7.06 on Friday, hitting $506.51. 1,662,233 shares of the company were exchanged, compared to its average volume of 1,884,559. The firm has a fifty day simple moving average of $468.07 and a two-hundred day simple moving average of $503.32. 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 has a 12 month low of $406.47 and a 12 month high of $707.60. The stock has a market capitalization of $102.32 billion, a PE ratio of 556.60, a price-to-earnings-growth ratio of 10.13 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.08. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. ServiceNow had a return on equity of 7.22% and a net margin of 2.79%. The business's quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. Sell-side analysts expect that ServiceNow will post 1.73 earnings per share for the current year.

Insider Activity

In other ServiceNow news, insider Lara Caimi sold 977 shares of ServiceNow stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $514.96, for a total transaction of $503,115.92. Following the completion of the transaction, the insider now owns 43 shares in the company, valued at $22,143.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Frederic B. Luddy sold 6,600 shares of ServiceNow stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $465.86, for a total value of $3,074,676.00. Following the completion of the sale, the director now owns 33,000 shares of the company's stock, valued at $15,373,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lara Caimi sold 977 shares of ServiceNow stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $514.96, for a total value of $503,115.92. Following the completion of the sale, the insider now directly owns 43 shares of the company's stock, valued at approximately $22,143.28. The disclosure for this sale can be found here. Insiders sold a total of 33,362 shares of company stock worth $15,644,017 in the last quarter. 0.28% of the stock is owned by company insiders.