Press coverage about ServiceNow (NYSE:NOW) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ServiceNow earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the information technology services provider an impact score of 46.1237182548495 out of 100, indicating that recent press 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 articles that may have impacted Accern Sentiment Analysis’s rankings:
- 10 Companies Making Enterprise Software Actually User Friendly (inc.com)
- Online project management software market valued at US$6.08 bn by 2025 (whatech.com)
- Brokerages Anticipate ServiceNow, Inc. (NOW) Will Announce Quarterly Sales of $535.45 Million (americanbankingnews.com)
- Remediation engine to improve Nyansa Voyance network monitoring (searchnetworking.techtarget.com)
- ManageEngine Desktop Central integrates with Zendesk Inc (cio.economictimes.indiatimes.com)
ServiceNow (NYSE:NOW) traded down $0.77 during trading on Tuesday, reaching $124.26. 137,703 shares of the company’s stock were exchanged, compared to its average volume of 1,600,128. 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 has a 52-week low of $72.80 and a 52-week high of $129.56.
ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.06. The firm had revenue of $498.20 million during the quarter, compared to analyst estimates of $491.62 million. ServiceNow had a negative net margin of 8.68% and a negative return on equity of 22.11%. The business’s revenue was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. equities analysts forecast that ServiceNow will post -0.35 earnings per share for the current fiscal year.
Several research analysts have commented on the company. JMP Securities reissued an “outperform” rating on shares of ServiceNow in a research report on Thursday, July 27th. Raymond James Financial, Inc. raised their target price on ServiceNow from $110.00 to $126.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 27th. BMO Capital Markets raised their target price on ServiceNow from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Cowen and Company restated an “outperform” rating and set a $123.00 target price (up from $110.00) on shares of ServiceNow in a research note on Thursday, July 27th. Finally, Canaccord Genuity restated a “buy” rating and set a $130.00 target price (up from $110.00) on shares of ServiceNow in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. ServiceNow presently has a consensus rating of “Buy” and a consensus target price of $130.50.
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In related news, Director Frank Slootman sold 150,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $115.38, for a total value of $17,307,000.00. Following the sale, the director now owns 216,535 shares of the company’s stock, valued at $24,983,808.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Scarpelli sold 75,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $107.68, for a total transaction of $8,076,000.00. Following the completion of the sale, the insider now directly owns 252,368 shares in the company, valued at approximately $27,174,986.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,022,500 shares of company stock worth $119,687,175. 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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