ServiceNow, Inc.’s Stock Price Drops to $643.29, Suffers a Significant 12.01% Decrease

ServiceNow, Inc. (NOW)

643.29 USD -87.83 (-12.01%) Volume: 5.09M

ServiceNow, Inc.’s stock price is currently standing at 643.29 USD, experiencing a significant drop of 12.01% this trading session with a trading volume of 5.09M. Despite the company’s robust performance, the stock has seen a negative year-to-date percentage change of -8.95%, indicating a challenging year for investors.

Latest developments on ServiceNow, Inc.

ServiceNow, Inc. (NYSE:NOW) is experiencing a turbulent time in the stock market, with various factors impacting its performance. Despite William Blair forecasting earnings of $1.74 per share for Q1 2025, the stock has been nosediving for multiple reasons. Catalytic Wealth RIA LLC recently purchased 1,355 shares, while Trexquant Investment LP also took a position in the company. Insider selling by Director Frederic B. Luddy further added to the stock’s plunge. However, brokers are suggesting investing in ServiceNow, highlighting potential opportunities amidst the selloff. With the release of a new high-performing program report by Cask and the announcement of SOC 2 Accelerator on the ServiceNow platform by Securitybricks, the company’s focus on digital transformation remains strong despite the current market challenges.

ServiceNow, Inc. on Smartkarma

Analysts at Baptista Research have been closely following Servicenow Inc on Smartkarma, an independent investment research network. In their report titled “ServiceNow Inc: How Will The Adoption of GenAI Technology Impact Their Future Revenues & Profitability? – Major Drivers,” they highlighted the company’s strong first quarter in 2024, surpassing guidance on all top-line and profitability metrics. The report also mentioned that the company’s subscription revenue grew by 24.5% year-over-year on a constant currency basis, with current remaining performance obligations (CRPO) rising by 21% year over-year in constant currency.

Another report by Baptista Research on Smartkarma, titled “ServiceNow Inc: The Increasing Scope Of Its Gen AI technology And Other Major Drivers,” focused on the company’s Q4 2023 earnings that showcased growth driven by artificial intelligence (AI). The analysts noted that ServiceNow reported subscription revenue growth of 25.5% at constant currency, surpassing its guidance by 200 basis points. Additionally, the company saw a cRPO growth of 23% at constant currency, also exceeding its guidance by 200 basis points. The report also highlighted a 33% increase in deals greater than $1 million in net new ACV compared to the previous year.

A look at ServiceNow, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

ServiceNow Inc, a provider of enterprise IT management software, has received mixed reviews in the Smartkarma Smart Scores. While the company scored high in Growth, Resilience, and Momentum, its Value and Dividend scores were lower. This suggests that while ServiceNow may have strong potential for growth and resilience in the long term, investors may need to carefully consider the company’s value and dividend offerings.

Overall, ServiceNow Inc’s outlook appears positive, with high scores in Growth, Resilience, and Momentum indicating a strong performance in these areas. The company’s focus on providing IT management software and cloud services has positioned it well for future success. However, investors should take note of the lower scores in Value and Dividend, which may impact their decision-making process when considering investing in ServiceNow Inc.

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