What is ServiceNow's (now) stock symbol?
What is ServiceNow's stock symbol? ServiceNow trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOW." Who are ServiceNow's major shareholders? ServiceNow's stock is owned by a number of retail and institutional investors.
How did ServiceNow's (snow) earnings compare to the Zacks consensus?
The information technology services provider reported $1.46 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.43 by $0.03. ServiceNow had a net margin of 3.90% and a trailing twelve-month return on equity of 9.43%.
What is ServiceNow's price targets for the next year?
Their forecasts range from $600.00 to $810.00. On average, they anticipate ServiceNow's stock price to reach $696.18 in the next year. This suggests a possible upside of 19.6% from the stock's current price. View analysts' price targets for ServiceNow or view top-rated stocks among Wall Street analysts.
What is ServiceNow doing to expand its Itom business?
ServiceNow’s superior product has led to rapid share gains and exceptional retention within the ITSM market. Now the company is using this strength to expand into other areas of ITOM. As ServiceNow expands deeper into areas outside of the core IT function it will encounter an expanding set of competitors.
See more
Is ServiceNow stock a good buy?
There are currently 2 sell ratings, 1 hold rating and 26 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ServiceNow stock.
Will ServiceNow stock go up?
Stock Price Forecast The 27 analysts offering 12-month price forecasts for ServiceNow Inc have a median target of 613.00, with a high estimate of 752.00 and a low estimate of 550.00. The median estimate represents a +28.67% increase from the last price of 476.43.
Is ServiceNow stock overvalued?
Most analysts complained in 2019 that ServiceNow was already overvalued. At the time it breached a 50x P/E ratio, which was enough to raise concern among investors. Thereafter investors went on a buying spree for technology stocks, and ServiceNOW catapulted higher from a share price and valuation perspective.
How profitable is ServiceNow?
Current and historical gross margin, operating margin and net profit margin for ServiceNow (NOW) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. ServiceNow net profit margin as of March 31, 2022 is 3.56%.
Is ServiceNow a Buy zacks?
Zacks' proprietary data indicates that ServiceNow, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the NOW shares relative to the market in the next few months.
What is the target price for Microsoft?
Stock Price TargetsHigh$410.00Median$352.00Low$298.18Average$356.13Current Price$273.24
Why is ServiceNow stock so high?
ServiceNow shares headed higher after the workflow management software provider posted better-than-expected fourth-quarter earnings.
What is ServiceNow operating margin?
The current operating profit margin for ServiceNow as of March 31, 2022 is 5.02%.
What do you know about ServiceNow?
The ServiceNow business model is based on providing products using SaaS cloud computing software. It involves setting up systems to define, manage, automate and structure services for companies. ServiceNow users can find the software useful within security, operations, customer service, HR and other industries.
8 Stocks To Sell According To Billionaire Louis Bacon
Are ServiceNow, Inc.'s (NYSE:NOW) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
In this article, we discuss 8 stocks to sell according to billionaire Louis Bacon. If you want to skip our detailed analysis of these stocks, go directly to 5 Stocks To Sell According To Billionaire Louis Bacon. Louis Bacon is an American investor and hedge fund manager who founded Moore Global Investments in 1989, which […]
ServiceNow Stock Adds Fewer High-Spending Customers
ServiceNow (NYSE:NOW) has had a rough three months with its share price down 13%. However, stock prices are usually...
ServiceNow On IBD Leaderboard
Amid the coronavirus lockdown, ServiceNow said it added 53 customers with more than $1 million in annual contract value — or the amount a customer pays the company each year under existing contracts — in the March quarter. In the December quarter, it added 82 such customers.
About ServiceNow
The company's software tracks and manages services provided by information-technology departments. Its self-service tech portal enables company employees to access administrative and workflow tools.
ServiceNow (NYSE:NOW) Frequently Asked Questions
ServiceNow, Inc. engages in the provision of enterprise cloud computing solutions. The firm delivers digital workflows on a single enterprise cloud platform called the Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows.
New York Stock Exchange
28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ServiceNow in the last year. There are currently 1 hold rating and 27 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ServiceNow stock. View analyst ratings for ServiceNow or view top-rated stocks.
Environmental, Social, and Governance Rating
ServiceNow, Inc. is a provider of cloud-based services to automate enterprise IT operations. Its service includes a suite of applications built on its proprietary platform that automates workflow and integrates related business processes.
Business Summary
"A" score indicates excellent relative ESG performance and a high degree of transparency in reporting material ESG data publicly and privately. Scores range from AAA to D.
Why ServiceNOW Stock Went Up
ServiceNow, Inc. is a provider of cloud-based services to automate enterprise IT operations. Its service includes a suite of applications built on its proprietary platform that automates workflow and integrates related business processes.
ServiceNOW Earnings Are Projected To Soar
ServiceNow CEO Bill McDermott took the reigns in November 2019. He barely had his feet wet when NOW share price crashed in tandem with the stock markets and changed the business landscape.
Is ServiceNOW Valuation Too High?
What has analysts and investors most excited about is future earnings and revenue projections. ServiceNow earnings per share estimates for the coming fiscal year are rising like a straight line.
Will ServiceNOW Stock Drop?
Most analysts complained in 2019 that ServiceNow was already overvalued. At the time it breached a 50x P/E ratio, which was enough to raise concern among investors. Thereafter investors went on a buying spree for technology stocks, and ServiceNOW catapulted higher from a share price and valuation perspective.
Is ServiceNOW Stock Overvalued? The Bottom Line
NOW stock mostly outperformed the stock market in 2020, backed by strong earnings reports and growth as companies converted to a digital business model. The company is a key ingredient in bringing automation aspects of the industrial revolution from the supply chain into business operations.
NOW Long-Term Chart (2012 – 2020)
ServiceNow is a PaaS company that builds AI-assisted workflow solutions to bring companies into the latest digital age. It serves major clients in both government and commercial settings with long-term contracts in place that should keep cash coming in for years to come.
NOW Short-Term Chart (2018 – 2020)
The stock eased into a strong uptrend after June 2012 initial public offering (IPO), lifting to $41.77 in September. The subsequent pullback ended a few points above the IPO opening print, reinforcing support in the mid-$20s, ahead of an uptick that completed a round trip into the prior high in April 2013.
The Bottom Line
The on-balance volume (OBV) accumulation-distribution indicator posted a 10-month low in November 2019 and entered an accumulation phase that reached the prior peak on May 20, two weeks after the breakout. OBV hasn't budged since that time, while price action has carved a series of whipsaws at new support.
Signs of a Slowdown
ServiceNow stock has outperformed broad benchmarks so far in 2020, but cracks are starting to appear in the strong uptrend.
Large-Business Focus Helps ServiceNow Stock
ServiceNow has some similarities to Salesforce (NYSE: CRM ), which cut its 2020 guidance on May 28. Salesforce predicted that its revenue growth would slow down in Q2 and indicated that its results would come in significantly below analysts’ average expectations.
Competition and Valuation
On the other hand, I’m more upbeat on ServiceNow. Salesforce is more leveraged to small businesses, while ServiceNow has focused more on Fortune 500 companies. As I’ve discussed previously, I believe that small businesses are being hit much harder by the current economic downturn than large ones.
The Bottom Line on ServiceNow Stock
A Seeking Alpha columnist recently noted that, in order to meet Wall Street’s growth expectations, ServiceNow will have to enter new vertical markets and take market share from some pretty heavy hitters.