ServiceNow (NOW) Earns News Sentiment Score of 0.21
News headlines about ServiceNow (NYSE:NOW) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ServiceNow earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the information technology services provider an impact score of 45.9745309033628 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- In first post-IPO report, ForeScout sees stock surge on strong earnings (siliconangle.com)
- Implied XNTK Analyst Target Price: $91 (nasdaq.com)
- ServiceNow Reaches 80-Plus Relative Strength Rating Benchmark (finance.yahoo.com)
- IT Leader Fred Luddy To Speak At IU Bloomington Winter Commencement (wbiw.com)
- ServisBOT Launches New AI Platform for Transforming Customer Service (prweb.com)
Shares of ServiceNow (NYSE:NOW) traded up $0.81 during trading on Friday, reaching $121.81. 1,012,394 shares of the company’s stock traded hands, compared to its average volume of 1,332,524. ServiceNow has a twelve month low of $73.66 and a twelve month high of $130.05. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.66 and a quick ratio of 1.66.
ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. ServiceNow had a negative net margin of 8.68% and a negative return on equity of 22.11%. The business had revenue of $498.20 million during the quarter, compared to analyst estimates of $491.62 million. During the same period in the previous year, the business posted $0.23 earnings per share. ServiceNow’s revenue for the quarter was up 39.3% on a year-over-year basis. equities research analysts predict that ServiceNow will post -0.35 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on NOW shares. UBS increased their target price on shares of ServiceNow from $128.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of ServiceNow from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Mizuho reiterated a “buy” rating on shares of ServiceNow in a research report on Monday, October 16th. BMO Capital Markets reiterated a “buy” rating and set a $127.00 target price on shares of ServiceNow in a research report on Friday, October 13th. Finally, Moffett Nathanson started coverage on shares of ServiceNow in a research report on Wednesday, September 6th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $130.50.
In other ServiceNow news, Director Frederic B. Luddy sold 165,000 shares of ServiceNow stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $116.03, for a total transaction of $19,144,950.00. Following the completion of the sale, the director now directly owns 29,990 shares in the company, valued at $3,479,739.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frederic B. Luddy sold 82,500 shares of ServiceNow stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $116.13, for a total transaction of $9,580,725.00. Following the sale, the director now owns 29,990 shares of the company’s stock, valued at $3,482,738.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 907,674 shares of company stock valued at $109,676,725. 3.30% of the stock is currently owned by company insiders.
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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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