ServiceNow (NOW) Given News Impact Score of 0.14
Press coverage about ServiceNow (NYSE:NOW) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ServiceNow earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the information technology services provider an impact score of 45.9402125169054 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- ServiceNow, Inc. (NOW) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- 5 Companies That Microsoft Could Put on Its Shopping List (thestreet.com)
- Increasing Demand from North America Will Aid in Cloud Orchestration Market Growth (sbwire.com)
- Online Project Management Software Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025 (markets.businessinsider.com)
- Is It Too Late To Buy ServiceNow Inc (NOW)? (finance.yahoo.com)
A number of equities research analysts have recently issued reports on NOW shares. UBS Group AG boosted their price objective on ServiceNow from $128.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research cut ServiceNow from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Mizuho restated a “buy” rating on shares of ServiceNow in a report on Monday, October 16th. BMO Capital Markets restated a “buy” rating and set a $127.00 price objective on shares of ServiceNow in a report on Friday, October 13th. Finally, Moffett Nathanson started coverage on ServiceNow in a report on Wednesday, September 6th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $130.50.
ServiceNow (NYSE:NOW) traded down $0.62 during midday trading on Thursday, hitting $127.45. 530,200 shares of the stock were exchanged, compared to its average volume of 1,582,147. 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 $130.05.
ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $498.20 million during the quarter, compared to the consensus estimate of $491.62 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s quarterly revenue was up 39.3% on a year-over-year basis. sell-side analysts anticipate that ServiceNow will post -0.35 earnings per share for the current year.
In other ServiceNow news, Director Frank Slootman sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $115.38, for a total transaction of $17,307,000.00. Following the completion of the transaction, the director now directly owns 216,535 shares in the company, valued at $24,983,808.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO David Schneider sold 16,349 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $124.21, for a total transaction of $2,030,709.29. Following the transaction, the executive now owns 67,185 shares of the company’s stock, valued at $8,345,048.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 962,639 shares of company stock valued at $114,959,897. Company 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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