ServiceNow (NOW) Getting Somewhat Positive News Coverage, Study Shows
News coverage about ServiceNow (NYSE:NOW) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. ServiceNow earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the information technology services provider an impact score of 45.8081274410484 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Accern’s rankings:
- ServiceNow, Inc. (NYSE:NOW) vs. Omnicom Group Inc. (NYSE:OMC) Are the Technicals Adding up? – FLBC News (flbcnews.com)
- At the Focal Point, Checking in on ServiceNow, Inc. (NYSE:NOW) and Red Hat, Inc. (NYSE:RHT) – FLBC News (flbcnews.com)
- Stock in the Limelight: ServiceNow, Inc. (NYSE:NOW) – FLBC News (flbcnews.com)
- Can This Stock Price Climb The Ladder: ServiceNow, Inc. (NYSE:NOW)? – FLBC News (flbcnews.com)
- ServiceNow, Inc. (NOW) Holdings Increased by Advisory Services Network, LLC – Modern Readers (modernreaders.com)
ServiceNow (NYSE:NOW) traded up 0.35% on Friday, hitting $107.23. The stock had a trading volume of 979,784 shares. ServiceNow has a 1-year low of $71.25 and a 1-year high of $115.85. The firm’s market cap is $18.31 billion. The firm’s 50-day moving average price is $108.33 and its 200-day moving average price is $97.74.
ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, July 26th. The information technology services provider reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. ServiceNow had a negative return on equity of 29.05% and a negative net margin of 10.17%. The firm had revenue of $471.70 million during the quarter, compared to analysts’ expectations of $462.11 million. During the same period last year, the firm posted $0.15 EPS. The business’s revenue was up 38.2% on a year-over-year basis. On average, equities research analysts predict that ServiceNow will post $1.17 earnings per share for the current year.
NOW has been the topic of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on ServiceNow in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $120.00 target price on the stock. Zacks Investment Research raised ServiceNow from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Guggenheim reaffirmed a “buy” rating and issued a $120.00 target price (up from $108.00) on shares of ServiceNow in a research report on Thursday, July 27th. BMO Capital Markets upped their target price on ServiceNow from $104.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $110.00 target price on shares of ServiceNow in a research report on Monday, May 29th. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $115.96.
In other news, insider Michael Scarpelli sold 75,000 shares of ServiceNow stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $107.68, for a total value of $8,076,000.00. Following the completion of the sale, the insider now directly owns 252,368 shares of the company’s stock, valued at approximately $27,174,986.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Slootman sold 150,000 shares of ServiceNow stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $104.09, for a total value of $15,613,500.00. Following the completion of the sale, the director now directly owns 356,287 shares of the company’s stock, valued at $37,085,913.83. The disclosure for this sale can be found here. Insiders have sold a total of 845,853 shares of company stock valued at $91,396,366 over the last ninety days. Insiders own 3.30% of the company’s stock.
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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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