ServiceNow, Inc.’s Stock Price Takes a Dive, Down 7.85% to $783.83

ServiceNow, Inc. (NOW)

783.83 USD -66.80 (-7.85%) Volume: 3.89M

ServiceNow, Inc.’s stock price is currently at 783.83 USD, experiencing a drop of 7.85% this trading session with a trading volume of 3.89M. The tech company’s stock has seen a significant decrease of 26.06% YTD, indicating a challenging market performance.

Latest developments on ServiceNow, Inc.

ServiceNow Inc. made headlines today with its acquisition of AI agent company Moveworks for a whopping $2.85 billion, a move that is set to boost the company’s adoption of Agentic AI. This strategic decision comes on the heels of various reports indicating a surge in stock purchases by major investment firms like E Fund Management Co. Ltd. and Main Street Research LLC. Additionally, financial experts like Jim Cramer have recommended buying ServiceNow Inc. stock, further fueling investor interest in the company. With plans to extend its Agentic AI capabilities and grow its presence in Florida while maintaining its headquarters in California, ServiceNow Inc. is positioning itself to be a market leader in CRM and enterprise AI.

ServiceNow, Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring Servicenow Inc on Smartkarma, highlighting the company’s strong financial and operational performance in the fourth quarter of 2024. With a subscription revenue growth of 21% year-over-year and a remaining performance obligation of nearly $23 billion, Servicenow has demonstrated its ability to capture and sustain customer interest in its services.

Furthermore, Baptista Research‘s analysis of Servicenow Inc‘s performance in the third quarter of 2024, led by CEO Bill McDermott, shows consistent outperformance of financial forecasts. The company reported a substantial growth in subscription revenue, up by 22.5% in constant currency, surpassing forecasted levels. This growth is attributed to widespread customer adoption and expansion of Servicenow’s integrated platforms across various enterprise functions, resulting in large-scale deals and increased annual contract value from customers.

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 has received a mixed bag of Smart Scores, indicating a somewhat uncertain long-term outlook. While the company scores high in growth and resilience, with a score of 5 and 4 respectively, it lags behind in value and dividend, scoring only 2 and 1. This suggests that while ServiceNow may continue to experience strong growth and be able to weather challenges well, investors may not find the stock to be a good value or a source of regular dividends.

Overall, ServiceNow Inc is a company that is focused on providing enterprise IT management software to customers in the United States. With a strong emphasis on growth and resilience, the company is well-positioned to continue expanding its market share and navigating any obstacles that may come its way. However, investors should be aware of the lower value and dividend scores, which may impact their decision-making when it comes to investing in this stock.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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