ServiceNow (NOW) Earning Somewhat Positive Media Coverage, Analysis Finds
Media stories about ServiceNow (NYSE:NOW) have been trending somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ServiceNow earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news headlines about the information technology services provider an impact score of 46.446273651286 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Technical Facts to Know ServiceNow, Inc. (NOW) moves 60.18% away from One Year Low – Voice Of Analysts (analystsbuzz.com)
- Why Is ServiceNow (NOW) Down 1.9% Since the Last Earnings Report? – Nasdaq (nasdaq.com)
- Warriors star Kevin Durant invests in Bay Area startup Rubrik, joins board as adviser (bizjournals.com)
- $491.91 Million in Sales Expected for ServiceNow, Inc. (NOW) This Quarter (americanbankingnews.com)
Shares of ServiceNow (NOW) traded up 1.68% on Thursday, reaching $116.19. 1,465,634 shares of the company’s stock traded hands. The company’s 50-day moving average is $109.47 and its 200-day moving average is $99.10. ServiceNow has a 52 week low of $71.34 and a 52 week high of $116.54. The firm’s market capitalization is $19.84 billion.
ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 26th. The information technology services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The firm had revenue of $471.70 million during the quarter, compared to analysts’ expectations of $462.11 million. ServiceNow had a negative net margin of 10.17% and a negative return on equity of 29.05%. The business’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. Equities research analysts anticipate that ServiceNow will post $1.17 earnings per share for the current fiscal year.
NOW has been the topic of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on shares of ServiceNow in a research note on Wednesday, May 24th. They set an “outperform” rating and a $120.00 price target on the stock. Stephens began coverage on shares of ServiceNow in a research note on Thursday, May 25th. They issued an “overweight” rating and a $120.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $110.00 target price on shares of ServiceNow in a research note on Monday, May 29th. ValuEngine raised shares of ServiceNow from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Barclays PLC reissued an “overweight” rating and issued a $115.00 target price (up previously from $107.00) on shares of ServiceNow in a research note on Monday, June 5th. Eight research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $115.96.
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In related news, Director Frederic B. Luddy sold 100,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $110.17, for a total transaction of $11,017,000.00. Following the completion of the transaction, the director now directly owns 29,990 shares in the company, valued at approximately $3,303,998.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank Slootman sold 150,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $104.09, for a total transaction of $15,613,500.00. Following the transaction, the director now owns 356,287 shares of the company’s stock, valued at $37,085,913.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 945,853 shares of company stock valued at $102,413,366. Corporate insiders own 3.30% of the company’s stock.
ServiceNow Company Profile
ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.
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