NOW - ServiceNow, Inc.

NYSE - NYSE Delayed Price. Currency in USD
271.17
+2.43 (+0.90%)
At close: 4:03PM EDT
Stock chart is not supported by your current browser
Previous Close268.74
Open269.47
Bid270.26 x 900
Ask270.85 x 800
Day's Range266.59 - 271.39
52 Week Range147.63 - 303.17
Volume1,457,184
Avg. Volume1,703,550
Market Cap50.844B
Beta (3Y Monthly)0.92
PE Ratio (TTM)18,078.00
EPS (TTM)0.01
Earnings DateOct 22, 2019 - Oct 28, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est317.65
Trade prices are not sourced from all markets
  • ServiceNow (NOW) Stock Moves 1.09%: What You Should Know
    Zacks

    ServiceNow (NOW) Stock Moves 1.09%: What You Should Know

    In the latest trading session, ServiceNow (NOW) closed at $268.74, marking a +1.09% move from the previous day.

  • Business Wire

    ServiceNow Secures FedRAMP High Authorization

    ServiceNow (NOW), the leading digital workflow company making work, work better for people, today announced that the ServiceNow GovCommunityCloud has obtained FedRAMP High Impact Provisional Authority to Operate (P-ATO) from the Joint Authorization Board. ServiceNow is only the third Software-as-a-Service solution provider to obtain a FedRAMP P-ATO. This certification will enable federal agencies to move faster and securely to cloud based solutions.

  • NOW? Maybe Later.
    TheStreet.com

    NOW? Maybe Later.

    Similar to the charts of TWLO and ADBE, ServiceNow looks like it can weaken further, so wait on making new commitments.

  • 5 Top Stock Trades for Tuesday: SLB, XOM, KL
    InvestorPlace

    5 Top Stock Trades for Tuesday: SLB, XOM, KL

    Equity markets were relatively quiet on Monday, which is perhaps surprising given that crude oil prices rocketed higher. The commodity jumped more than 13% after a drone strike in Saudi Arabia over the weekend. Here are some top stock trades to watch this week. Top Stock Trades for Tomorrow No. 1: Schlumberger (SLB)Shares of Schlumberger (NYSE:SLB) are up over 5% on the day and could rally even further should demand for crude oil remain strong. On the charts, though, SLB stock is running into an important level. InvestorPlace - Stock Market News, Stock Advice & Trading Tips$40 was support from February until May, when share prices broke down. In July, $40 was a tough level of resistance that forced SLB back to new lows. It has been a tough ride for shareholders. However, with Monday's gap up, shares are above the 200-day moving average. If they can reclaim $40, the 38.2% level near $43.50 is on the table. Above $44 and the 50% retracement is possible. On the downside, see that SLB stays above prior downtrend resistance (the blue line). Top Stock Trades for Tomorrow No. 2: Exxon Mobil (XOM)Like SLB, Exxon Mobil (NYSE:XOM) isn't getting quite the same boost that crude oil is, up "just" 1.6% near the close on Monday. * 7 Tech Stocks You Should Avoid Now From here, bulls will want to make sure XOM stock stays above the 200-day moving average and the 61.8% retracement at $73.33. If it can, the 50% retracement near $76 is on the table, with the next upside target being June/July resistance at $77.If support gives way, I want to see XOM hold up above prior downtrend resistance. Clearing downtrend resistance is a big setup for a lot of down-and-out energy names. Now it needs to stick. Top Stock Trades for Tomorrow No. 3: Kirkland Lake Gold (KL)After last week's retreat, gold is on the move higher again. That's giving a boost to Kirkland Lake Gold (NYSE:KL), which is up 4.3% on the day. However, that's well off the highs near $45. Shares are near a key point on the charts. Should KL close below $42, it will lose short-term support (black line) and uptrend support (blue line). That could open it up to a test of the 200-day moving average.What bulls really need to see is for this support level to hold, and for KL stock to reclaim the 50-day moving average. If it can, it puts $50-plus on the table. Top Stock Trades for Tomorrow No. 4: ServiceNow (NOW)The setup in ServiceNow (NYSE:NOW) is pretty straightforward. Support at $250 held, as shares work on reclaiming the 20-day moving average. If it does, it puts downtrend resistance (blue line) on the table, with a test of $270 as the next upside target above that. However, if the 20-day or downtrend resistance rejects NOW, see that $250 again holds as support.If it fails, a test of the 200-day moving average is likely. Top Stock Trades for Tomorrow No. 5: DowWe've kept an eye on Dow (NYSE:DOW) thanks to that big dividend yield. However, more recently it's been the bullish price action.After bottoming out around $40 last month, shares have been quick to reclaim both the 20-day and 50-day moving averages. Further, Dow stock has also reclaimed the key $47 level. That puts $52 on the table now. On a pullback, I would love to see the $47 level now act as support. However, the 50-day also attracted buyers on two consecutive pullback days (blue box) earlier this month. So that mark is the must-hold for now, in my view. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post 5 Top Stock Trades for Tuesday: SLB, XOM, KL appeared first on InvestorPlace.

  • Bear of the Day: DXC Technology Company (DXC)
    Zacks

    Bear of the Day: DXC Technology Company (DXC)

    Bear of the Day: DXC Technology Company (DXC)

  • The Debt-Laden LBO that Wants to Be a Hot Tech IPO
    Bloomberg

    The Debt-Laden LBO that Wants to Be a Hot Tech IPO

    (Bloomberg Opinion) -- There's a difference between leveraged buyouts and venture capital: debt. It's a distinction one European private equity firm seems to want investors to overlook. They shouldn’t let their eagerness to jump on the tech bandwagon blind them to it.London-based private equity firm Permira Holdings LLP is preparing an initial public offering of TeamViewer AG. The deal may value the German software maker at as much as 5.5 billion euros ($6.1 billion). That’s more than 17 times 2019 billings. ServiceNow Inc., a similar enterprise cloud software firm in the U.S., trades at a mere 12.5 times forward billings.That lofty valuation isn’t necessarily a problem in and of itself. Investors may well fall over themselves to get a piece of what is, after all, a rarity in Europe: a fast-growing tech company that generates cash and operating profit.But they shouldn’t ignore the warning signs. All the roughly 2 billion euros of net proceeds from the IPO are going to Permira, which will also keep a 58% stake. In all, the firm could end up sitting on a return of almost 13 times its original investment.Then look at TeamViewer’s debt. Include the cost of servicing its borrowings, and the operating profit it posted last year turns into a net loss. After the IPO, the company’s balance sheet will be still laden with debt. TeamViewer expects net debt to fall to 3.1 times cash Ebitda by the end of this year, but that’s well above the level of its tech peers, which typically target lower debt ratios because they don’t have many fixed assets to fall back on should things go awry. In fact, TeamViewer had negative net assets at the end of June. That alone is cause for caution.Potential shareholders will need to have absolute faith that the company can continue to grow and avoid major bear-traps. On one hand, TeamViewer is shifting to a subscription-based business model, which should give it a more predictable recurring revenue stream. But it has also warned that larger U.S. competitors like Microsoft Corp. might try and muscle in on its territory. That could make it hard to continue the 35% annual growth in billings it posted this year.Then there’s the risk of cyberattack. TeamViewer’s key offering is software to monitor computers and equipment remotely, which makes just one major hack a big operational risk. Indeed, the prospectus confirms that in 2016 the company was the target of an attack on its IT infrastructure. The firm detected the activity – but only disclosed it in May when Der Spiegel revealed what it said was a breach by Chinese hackers.This IPO isn’t just a missed opportunity to improve TeamViewer’s balance sheet. Cloud software companies can be inherently volatile, as my colleague Shira Ovide pointed out last week, so it makes even less sense to include debt in this combustible mix. That investors are prepared to overlook all this is testament to the dearth of publicly traded technology companies in Europe. They have next to no choice. To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • ServiceNow (NOW) Stock Sinks As Market Gains: What You Should Know
    Zacks

    ServiceNow (NOW) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, ServiceNow (NOW) closed at $253.18, marking a -0.59% move from the previous day.

  • Cloud Computing Stocks Enter Intermediate Corrections
    Investopedia

    Cloud Computing Stocks Enter Intermediate Corrections

    High-multiple cloud software stocks have entered intermediate corrections that could shake out the large supply of weak hands.

  • CDW vs. NOW: Which Stock Is the Better Value Option?
    Zacks

    CDW vs. NOW: Which Stock Is the Better Value Option?

    CDW vs. NOW: Which Stock Is the Better Value Option?

  • 3 “Strong Buy” Cloud-Based Software Stocks
    TipRanks

    3 “Strong Buy” Cloud-Based Software Stocks

    As more and more businesses go digital, cloud-based software providers stand to reap the benefits. A cloud refers to networks comprised of hyper-scale data centers built using open-source software and commodity hardware. With the demand for cloud-based solutions only growing, enterprises are turning to software companies to provide the digital infrastructure they need to keep pace with a world that’s increasingly online.  But how are investors supposed to know which stocks are poised to soar beyond the clouds? One way to find these stocks is by using the TipRanks Stock Screener. The Stock Screener lets you sort stocks by sector and analyst consensus to pinpoint the most compelling investments. Using this tool, we were able to find 3 cloud-based software stocks that have garnered substantial support from Wall Street with a “Strong Buy” analyst consensus. This is based on the last three months’ worth of ratings from all other analysts. Let’s dive in. Salesforce.com, Inc. (CRM) As the pioneer behind customer relationship management (CRM) software, Salesforce has cemented its status as one of the leading players in the space. Based on its solid performance in its most recent quarter, investors are liking what they’re seeing. On August 22, the company posted a second quarter earnings and revenue beat driven by the strength of its Sales Cloud and Service Cloud. Sales cloud, the company’s largest product, generated $1.13 billion in revenue while the Service Cloud reached $1.09 billion, up 13% and 22%, respectively, from the year-ago quarter.That being said, CRM has been branching out as part of a larger effort to diversify its product offerings. Back in 2018, CRM acquired Mulesoft’s software business for $6.5 billion. The deal allowed CRM to offer solutions using data stored in disparate systems, some in the cloud and some in legacy on-premises software. This was followed up by an even larger acquisition of data visualization company Tableau. At $15.3 billion, the purchase was the company’s largest acquisition in its history. While some investors originally expressed concern that CRM was biting off more than it can chew with the acquisition, RBC Capital analyst Alex Zukin believes the current valuation of 5.5 times enterprise value to expected 2021 revenue represents a unique opportunity. “We see little meaningful competition and no evidence of pricing pressure or market saturation at Salesforce,” the five-star analyst explained. As a result, he assumed coverage with a Buy while raising the price target from $181 to $200 on August 23. He believes shares could surge 32% in the next twelve months.Wall Street clearly agrees as CRM has received 26 Buy ratings and no Holds or Sells in the last three months, giving it a ‘Strong Buy’ analyst consensus. Its $188 average price target indicates 24% upside potential. ServiceNow Inc. (NOW)While not as well-known as CRM, ServiceNow has been deemed a must-watch name in the workplace software space. Its cloud-based solutions get rid of paperwork by enabling its customers to digitize manual business processes that have typically needed to be performed on paper. With shares already up 48% year-to-date, it’s easy to see why analysts are excited about this cloud stock.Throughout the company’s history, it has been able to garner a positive reputation among customers based on its easy-to-use design. It doesn’t hurt that the software can be integrated with its customers’ existing software such as Amazon Web Services (AMZN), Microsoft Azure (MSFT), Google Cloud (GOOGL) as well as several others. According to NOW’s July 24 Q2 earnings release, customers are happy. The company boasts an almost 99% renewal rate, with it consistently marketing and cross-selling its other products to existing customers.Not to mention NOW was able to finalize 39 transactions each with more than $1 million in net new annual contract value (ACV) during the quarter. This brings its total customer base with an AVC over $1 million to 776, up 33% year-over-year. While the company has taken some heat over its lofty valuation, Stifel Nicolaus analyst Tom Roderick believes NOW looks poised to grow into its valuation. As a result, he upgraded the rating from a Hold to a Buy and bumped up the price target from $290 to $320 on August 21. The five-star analyst's new price target demonstrates his confidence in NOW’s potential to gain 21% over the next twelve months. All in all, the rest of the Street is bullish on NOW. It boasts a ‘Strong Buy’ analyst consensus and a $317 average price target, suggesting 20% upside potential. Q2 Holdings Inc. (QTWO)Q2 Holdings wants to change the way financial institutions operate by providing cloud-based digital banking solutions. The company is aiming to meet the needs of smaller banks that are seeing a drop in customer engagement at their physical locations. QTWO allows customers to build custom websites or mobile apps through its three platforms, a digital banking platform, lending and leasing and a banking-as-a-service. QTWO’s strategy appears to be working as evidenced by the results from its most recent quarter. On August 7, the company reported that its customer base gained 19% from the year-ago second quarter to reach 13.6 million users across all platforms. As a result, quarterly revenue totaled $77.6 million, up 33% year-over-year.“We closed out the first half of the year on a strong note. Given our sales execution, we plan to continue investing in integration, innovation and delivering successful client outcomes,” said CEO Matt Flake.Adding to the good news, QTWO announced on August 29 that it is partnering with Athena Home Loans to provide digital mortgages. Based on QTWO’s strong second quarter performance, KeyBanc analyst Arvind Ramnani reiterated his Buy rating while raising the price target from $98 to $102 on August 28. The four-star analyst believes that shares could soar 17% in the next twelve months.Wall Street appears to echo the analyst’s sentiment. The stock is a ‘Strong Buy’ among analysts, with it receiving 6 Buy ratings vs 2 Holds in the last three months. Its $94 average price target implies 7% upside potential. Find analysts’ favorite stocks with the Top Analysts’ Stocks tool

  • [video]ServiceNow: Cloud Stock Could Get Stuck in a Lingering Formation
    TheStreet.com

    [video]ServiceNow: Cloud Stock Could Get Stuck in a Lingering Formation

    ServiceNow Inc. is up 51% this year and the company made Jim Cramer's fantasy portfolio that he announced on his Mad Money program Thursday night. In the daily bar chart of NOW, below, we can see a basing pattern on the left side of the chart from October through January. The daily On-Balance-Volume (OBV) line has declined from the middle of July telling us that sellers have turned to be more aggressive the past two months.

  • ServiceNow Named a Leader in Gartner Magic Quadrant for IT Service Management Tools for Sixth Consecutive Year
    Business Wire

    ServiceNow Named a Leader in Gartner Magic Quadrant for IT Service Management Tools for Sixth Consecutive Year

    ServiceNow recognized for its ability to execute and completeness of vision

  • Cloud company ServiceNow makes mobile push
    MarketWatch

    Cloud company ServiceNow makes mobile push

    The Silicon Valley company, which is leading a digital revolution across businesses that is “hiding all the complexity of work,” as CEO John Donahoe put it in a recent interview, on Wednesday patched a hole in its product line with two new mobile apps.

  • ServiceNow Delivers Native Mobile Experiences at Scale for Work
    Business Wire

    ServiceNow Delivers Native Mobile Experiences at Scale for Work

    ServiceNow (NOW), the company that makes work, work better for people, today announces the launch of native mobile experiences for everyday work across the enterprise with the general availability of its Now Platform New York release (https://www.servicenow.com/now-platform/latest-release.html). Powered by the Now Platform, the leading platform in managing complex enterprise workflows across functions, departments and systems, ServiceNow’s new Now Mobile app makes diverse everyday work tasks simple and easy. Whether it’s fixing an IT issue, ordering a computer, finding a conference room, getting help from human resources, approving purchase orders, travel requests and legal documents, or finding quick answers to questions, the Now Mobile app makes it easy to take care of business on the go.

  • At US$263, Is ServiceNow, Inc. (NYSE:NOW) Worth Looking At Closely?
    Simply Wall St.

    At US$263, Is ServiceNow, Inc. (NYSE:NOW) Worth Looking At Closely?

    Today we're going to take a look at the well-established ServiceNow, Inc. (NYSE:NOW). The company's stock received a...

  • Benzinga

    5 Stocks Analysts Recommend Into September

    August was a month marked by market uncertainty with Nasdaq 100 index falling almost 4%. Since its debut as a public company earlier this year, shares of Uber have fallen almost 30%, but recent analyst ratings suggest the decline in price may present a buying opportunity.

  • ServiceNow (NOW) Outpaces Stock Market Gains: What You Should Know
    Zacks

    ServiceNow (NOW) Outpaces Stock Market Gains: What You Should Know

    ServiceNow (NOW) closed at $264.83 in the latest trading session, marking a +1.73% move from the prior day.

  • Going Public With One Hand Tied Behind Your Back
    Bloomberg

    Going Public With One Hand Tied Behind Your Back

    (Bloomberg Opinion) -- Why do tech firms seem to delight in making things tougher for themselves?TeamViewer is planning a Frankfurt initial public offering by the year-end that may value the German maker of remote computer access systems at between 4 billion euros ($4.4 billion) and 5 billion euros. The proceeds will go into the pocket of private equity firm Permira Holdings LLP, its owner of five years.With the company growing at a ripping pace – 37% so far this year – and boasting healthy profitability, it should be an attractive proposition for investors. But I’m equivocating for a reason. The problem lies in the metrics it provides. Rather than talking simply about revenue and profit, in a Wednesday press release it proffered “billings” and “cash Ebitda”. The former totaled 142 million euros ($158 million) in the first half, while the latter hit 74 million euros.Billings is a fairly common measure in cloud computing. Cash Ebitda, less so. Ostensibly, both are intended to give a clearer representation of the company’s earnings by ensuring that only business from a particular time-frame is booked in that period.That has something to do with the fact that TeamViewer switched its business model in the middle of last year, moving from selling licenses to subscriptions. The problem is that neither earnings metric is well defined, or indeed defined at all, at least so far. So while it appears that the company is performing strongly, investors will need to review the IPO prospectus carefully when it surfaces.Technology companies have an unhappy penchant for non-GAAP or -IFRS metric, many of which make “cash Ebitda” look pretty straightforward. Uber Technologies Inc. discloses “core platform contribution profit”. Lyft talks about “take rate”. Twitter has simply “adjusted earnings”. There’s good reason to be cautious: shares all three of those companies have struggled to exceed the price at which they were first sold to the public. Investors have been burned by software firms with opaque metrics before.The most pertinent point of comparison is ServiceNow Inc. Like TeamViewer, it has a subscription-based offering which targets a discrete slice of the enterprise – in the U.S. firm’s case, company help-desks – and leans on non-GAAP subscription billings as a metric. Its enterprise value of some $49 billion is equivalent to about 13 times 2019 billings.Based on the midpoint of its reported valuation range, TeamViewer will have an enterprise value of roughly 17 times its anticipated billings. It may be able to justify that higher valuation on the basis that it’s already more profitable than ServiceNow. But we won’t know for sure until we have more exhaustive earnings numbers.TeamViewer looks like a promising business. It will need to do more to prove it.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • 4 Reasons to Like Okta Stock Ahead Of Tomorrow’s Earnings Report
    InvestorPlace

    4 Reasons to Like Okta Stock Ahead Of Tomorrow’s Earnings Report

    Identity access management leader Okta (NASDAQ:OKTA) is set to report second quarter numbers after the bell on Wednesday, Aug. 28, and I'm optimistic on OKTA stock ahead of that print.Source: Shutterstock My optimism is rooted in four things. First, Okta's earnings history is stellar. Second, the numbers this quarter look very beatable. Third, peer cloud companies have reported strong numbers over the past month.Fourth, and most importantly, the secular growth narrative underlying OKTA stock is so robust and wide-reaching that, even if the stock sells off in response to Q2 numbers, that sell-off will be temporary. In the big picture, it will be nothing more than an opportunity buy into a long-term winner at a discount.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs such, I like OKTA stock ahead of earnings. In all likelihood, the company reports strong numbers, and the stock flies higher. In the event that doesn't happen, I'm perfectly comfortable buying the dip, given the strength of this company's secular growth narrative. Either way, I see Okta stock as one for the long run. Stellar Earnings HistoryLet's have a look at the Okta Inc stock stellar earnings history. Indeed, the company's track record is flawless. * 10 Stocks Under $5 to Buy for Fall Okta's first public earnings report was back in June 2017. It was a double beat report, topping Street estimates on both revenue and earnings. Ever since, Okta has racked up nine consecutive double-beats. Not surprisingly, OKTA stock has performed very well during this stretch. Since that first earnings report, the shares are up more than 430%.Coming into tomorrow's earnings report, history is on the bulls' side ahead of the Q2 print. The Numbers Look BeatableThe second big reason to buy OKTA stock ahead of earnings is that the Street numbers look very beatable.In every quarter since going public, Okta has reported revenue growth of 50% or better. That is nine quarters of 50%-plus revenue growth. The Street is looking for less than 40% revenue growth this quarter. Against the backdrop of those nine straight quarters of 50%-plus revenue growth, a sub-40% revenue growth estimate this quarter seems very beatable.To be sure, part of this slowdown is because management guided for it in the last earnings report. But, management has a history of under-promising and over-delivering. That seems especially true this time around, with revenue growth estimates slated at multi-quarter lows.As such, it seems highly likely that -- at the very least -- Okta tops revenue estimates in its Q2 print. Peer Results Have Been StrongThe third reason to buy OKTA stock ahead of Wednesday's earnings is that peer cloud companies have reported strong numbers over the past month, in sum supporting that the secular enterprise cloud transition remains as vigorous as ever.Specifically, over the past month, cloud companies Salesforce (NYSE:CRM), Splunk (NASDAQ:SPLK), ServiceNow (NYSE:NOW), and Twilio (NASDAQ:TWLO) all reported double-beat-and-raise earnings reports. At the same time, hybrid cloud companies Akamai (NASDAQ:AKAM) and Intuit (NASDAQ:INTU) both reported double-beats in the past month, and both cited cloud strength in their earnings report.Also of note, cloud infrastructure giants Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) both reported double-beat quarters recently, with cloud strength at the epicenter of both beats.Net net, the takeaway is that the secular enterprise cloud transition remains as vigorous as ever, despite slowing economic growth around the world. Okta makes its living off this transition. As such, so long as it remains vigorous, Okta's numbers should remain favorable. Secular Growth Narrative is RobustThe fourth big reason to buy OKTA stock ahead of earnings is that the secular growth narrative here is so good that any post-earnings sell-off will likely be nothing more than a buying opportunity.Okta has created an innovative solution at the convergence of the cloud and cybersecurity worlds. Specifically, the company has developed what management calls the Identity Cloud, which is an identity-based cloud security solution which enables customers and employees alike to securely log into multiple applications using just one log-in. This solution is high adaptive, highly secure, and very convenient for enterprises -- which are sometimes adopting several new software systems every month. * 10 Undervalued Stocks With Breakout Potential Because of these advantages, Okta's Identity Cloud solution has gained significant traction in the cloud security world over the past several years. It will continue to gain traction over the next several years, too. At the same time, the whole cloud security solution market will expand dramatically, driven by more enterprise workloads migrating to the cloud and enterprises spending more money to protect and secure those workloads.As such, Okta projects as a market share gainer in a secular growth industry for the next several. That implies big revenue growth for a lot longer. Gross margins are north of 70%. Opex rates will fall with scale. Over the next few years, Okta projects as a big time profit grower -- and all that profit growth should propel OTKA stock meaningfully higher. Bottom Line on OKTA StockOkta should report strong second quarter numbers after the bell on Wednesday. Those better-than-expected numbers should be good enough to spark a nice post-earnings rally in OKTA stock.But, even if that doesn't happen, any post-earnings sell-off in OKTA stock will most likely just be a buying opportunity, since the secular growth narrative here implies that OTKA stock is a long-term winner.As of this writing, Luke Lango was long OKTA, SPLK, and GOOG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 "Boring" Stocks With Exciting Prospects * 15 Cybersecurity Stocks to Watch as the Industry Heats Up * 5 Healthcare Stocks to Buy for Healthy Dividends The post 4 Reasons to Like Okta Stock Ahead Of Tomorrow's Earnings Report appeared first on InvestorPlace.

  • How To Trade IPO Stocks: IPO Bases Are Unusual But Can Result In Rich Gains
    Investor's Business Daily

    How To Trade IPO Stocks: IPO Bases Are Unusual But Can Result In Rich Gains

    Investors studying IPO bases are partly blinded because new issues don't have enough trading history to generate tools like the Relative Price Strength Rating or the Accumulation/Distribution Rating, as compiled in IBD's proprietary research tool, Stock Checkup. There are ways to evaluate these blind spots, however. Important factors include seeing a shallow correction within the base during normal market conditions, a large increase in price and a close near session highs on the breakout day, and heavy volume on the breakout day and week. ServiceNow, the business software company, went public June 29, 2012, at 18 a share, and met with immediate success as the stock leaped to a close at 24.60 as nearly 11 million shares exchanged hands.

  • Why Is ServiceNow (NOW) Down 7.4% Since Last Earnings Report?
    Zacks

    Why Is ServiceNow (NOW) Down 7.4% Since Last Earnings Report?

    ServiceNow (NOW) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • DXC Technology Acquires Syscom, Boosts Presence in Norway
    Zacks

    DXC Technology Acquires Syscom, Boosts Presence in Norway

    The acquisition of Syscom is expected to boost DXC Technology's (DXC) footing in Norway by aiding and accelerating the digital transformation journey of Norwegian clients.

  • Barrons.com

    ServiceNow Stock Rallies as Analyst Says to Buy NOW

    Stifel analyst Tom Roderick raised his rating on the provider of software for IT service management to Buy from Hold. He raised his target for the stock’s price to $320, from $290.

  • What Workers Really Want: A Better Employee Experience
    Business Wire

    What Workers Really Want: A Better Employee Experience

    ServiceNow’s “The Employee Experience Imperative” Report, which studies the service experience at work, reveals that employee enthusiasm for work peaks at the start of a new job, but wanes by 22% shortly thereafter. Where are employers missing the mark?