NOW - ServiceNow, Inc.
| Previous Close | 253.85 |
| Open | 255.50 |
| Bid | 259.94 x 1100 |
| Ask | 260.00 x 1000 |
| Day's Range | 254.29 - 260.04 |
| 52 Week Range | 147.63 - 303.17 |
| Volume | 2,129,215 |
| Avg. Volume | 2,224,729 |
| Market Cap | 49.028B |
| Beta (3Y Monthly) | 1.29 |
| PE Ratio (TTM) | 1,452.29 |
| EPS (TTM) | 0.18 |
| Earnings Date | Jan 28, 2020 - Feb 3, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 300.94 |
- Insider Monkey
Hedge Funds Open Kimono: Here Are Their Top 5 Large-Cap Stock Picks
In our opinion one of the best tools for ordinary investors who are on the hunt for new ideas is 13F filings. Once every quarter hedge funds with at least $100 million in total positions in publicly traded US stocks are required to open the kimono and disclose the number of shares and the total […]
- TipRanks
3 Monster Growth Stocks That Can Move Even Higher
One thing is clear: investors are constantly searching for serious growth names. These aren’t any old stocks with blink-and-you’ll-miss-it growth narratives. We’re talking about stocks in it for the long-haul, poised to climb higher and deliver returns in the years to come. For investors that have settled on this strategy, what’s the best way to find these tickers with growth prospects that go above and beyond? Our suggestion: make use of TipRanks. The platform’s Stock Screener tool simplified our research process by allowing us to filter our search results by analyst consensus and upside potential from the current share price. To this end, we were able to pinpoint 3 stocks primed for substantial long-term gains.With this in mind, let’s get started.Equinix, Inc. (EQIX) Equinix is best-known for being the world’s largest data center and colocation provider, with its products enabling speedy application performance and low latency. On the heels of its third quarter earnings, several members of the Street are backing EQIX, which is already up 56% year-to-date.To kick off the release, the company reported that gross bookings were the highest ever for a third quarter and the second-highest overall. Not to mention EQIX is ahead of its competitors as it boasts 356,000 customer cross-connections, which includes 20,000 virtual connections. If that wasn’t enough, EQIX’s hybrid cloud growth is accelerating due to its recent shift to cloud trends. This resulted in the enterprise segment making up 60% of bookings.Oppenheimer’s Timothy Horan also points out that while there had been some concern regarding the recently announced Digital Realty (DLR) and InterXion (INXN) merger, it makes EQIX “well-positioned as the only pure-play interconnectivity focused data center”. He notes that as its competitors undergo a complicated integration, there will be a window to take market share. All of this prompted the five-star analyst to not only keep a Buy rating but also to bump up the price target to $650. At this new target, shares could rise 18% over the next twelve months. (To watch Horan’s track record, click here) Similarly, other Wall Street analysts take a bullish approach when it comes to EQIX. 12 Buys and 1 Hold assigned in the last three months give it a ‘Strong Buy’ consensus. Its $611 average price target indicates 11% upside potential. (See Equinix stock analysis on TipRanks) ServiceNow, Inc. (NOW) Originally an IT service automation tool, ServiceNow has become one of the top providers of cloud-based solutions that tracks service issues within businesses as they come up. With shares moving 46% higher year-to-date, Wall Street has its eyes on NOW.Despite facing foreign exchange (FX) headwinds, the company posted a beat in terms of EPS, subscription billings as well as subscription revenue, which is up 33% year-over-year. Its guidance for fiscal Q4 2019 was also generally better than analysts expected. Most notably, management addressed the misinformation circling around the Street. Incoming CEO Bill McDermott tells investors that the current situation is much brighter than some may think, citing its “pristine” platform and “amazing” organic growth story. Its CFO search is in fact coming to a conclusion, with a decision expected soon. There also hasn’t been a change to employee attribution rates as 97 out of the top 100 sales staff are staying put. This helped reaffirm Macquarie analyst Sarah Hindlian’s conclusion that NOW is still a Buy. “We are highly confident in ServiceNow’s global strategic positioning and believe an opportunity for entry exists,” she commented. As a result, the four-star analyst attached an increased price target of $336 to her bullish call. This updated target conveys her confidence in NOW’s ability to jump 29% in the next twelve months. (To watch Hindlian’s track record, click here) Like Hindlian, the rest of the Street is impressed. NOW is a ‘Strong Buy’ based on the 18 Buy ratings and 2 Holds issued in the last three months. In addition, its $229 average price target brings the upside potential to 15%. (See ServiceNow stock analysis on TipRanks) The Estée Lauder Companies Inc. (EL)The global makeup and beauty name has taken some heat recently thanks to a fiscal 2020 outlook reset. That being said, one analyst believes that EL’s growth narrative remains strong, with further gains on top of its already achieved 47% year-to-date growth expected.Part of the concern is related to EL’s 100 basis point reduction in its guidance for global beauty market growth as a whole. This has been blamed on U.S. makeup weakness, as well as some deceleration in China and the travel retail space. However, Evercore ISI analyst Robert Ottenstein argues that EL has a lot more going for it than the Street realizes. “China actually accelerated (as did the broader Asia-Pacific corridor) supporting the view argued in our initiation, that growth from China will remain stronger for longer than investors appreciate,” he explained.Ottenstein adds that foundation, or makeup applied to the skin for a more natural look, drove the 4% net makeup sales increase, with skincare sales also ramping up. This is important as skincare margins are 4x higher than makeup and foundations maintain the highest consumer loyalty compared to all other types of makeup. Bearing this in mind, the analyst reiterated his bullish call and $230 price target, suggesting shares could surge 20% over the next twelve month period. (To watch Ottenstein’s track record, click here) Looking at the consensus breakdown, 8 Buy ratings vs 3 Holds add up to a ‘Moderate Buy’ analyst consensus. On top of this, its $218 average price target puts the potential twelve-month gain at 14%. (See Estée Lauder stock analysis on TipRanks)
- Yahoo Finance
New Stocks on our Focus List
Read on for a preview of the stocks that have just been added to the Argus Focus List, available through Yahoo Finance Premium.
- Zacks
DXC Technology (DXC) Q2 Earnings & Revenues Miss Estimates
DXC Technology's (DXC) fiscal second-quarter results reflect strength in digital business. However, weak traditional application services business is a headwind.
- Zacks
CDW vs. NOW: Which Stock Is the Better Value Option?
CDW vs. NOW: Which Stock Is the Better Value Option?
- 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. 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.
- Business Wire
Think You Know What’s Important to Your Gen Z Workers? Think Again.
ServiceNow findings bust several of these myths and show that Gen Zs recognize the promise of technology to improve work experiences, prefer face-to-face interactions with managers, and are not only eager to learn from other generations, but also believe they can help older generations be more open-minded. “Gen Zs represent the future of work. As companies drive digital transformation, which impacts work environments and experiences for all employees, it’s critical to understand, rather than stereotype, our newest generation of workers,” said Pat Wadors, ServiceNow’s Chief Talent Officer.
- Zacks
Try Rising P/E Investing With 5 Top-Ranked Stocks
Tap five stocks with increasing P/E ratios to try out an out-of-the-box approach.
- GuruFocus.com
Ken Fisher Continues to Buy PayPal, Caterpillar
Guru’s largest buys of the last 2 quarters Continue reading...
- TipRanks
Wall Street’s #1 Analyst Says Buy These 3 ‘Strong Buy’ Stocks
For fresh investing ideas, we suggest taking a cue from Wall Street. Recommendations from the Street’s pros can provide a source of inspiration, as analysts often have in-depth knowledge of the industries they cover. That being said, not all analysts have the same track record, with some demonstrating a much stronger ability to generate returns with their ratings and price targets.Taking this into consideration, we turned to TipRanks’ top rated analyst, Canaccord's Richard Davis. According to TipRanks’ algorithm which calculates the average return of each rating as well as overall success rate, the tech sector analyst was the best performer out of 5,583 total analysts. With an 82% success rate and a 44% average return per rating, it’s clear that his calls demand attention.With this in mind, we wanted to take a closer look at the five-star analyst’s top picks in the software space. Not only does the upside potential of each exceed 20%, but all of the stocks have earned a ‘Strong Buy’ consensus based on all of the ratings published over the last three months. Let’s dive right in.ServiceNow (NOW)ServiceNow is a cloud computing company that wants to make it easier to get work done with its software solutions. Even though Davis expects a rough next quarter or two from NOW, the analyst believes that the tech stock still represents a compelling investment.His bullish thesis lies in part with the company’s commitment to achieve both near and long-term financial targets. Incoming CEO Bill McDermott stated that there hasn’t been a change in demand and activity as a result of macro conditions, and thus the company is still on track to meet its goals. Not to mention the public sector has been welcoming the cloud with open arms. In its most recent quarter, NOW signed thirteen contracts that have average contract value of more than $1 million with the U.S. federal government. This is up from the five deals it signed one year ago.While acknowledging the concerns surrounding employee attribution, the five-star analyst calls fears “overblown.” Out of NOW’s top 100 sales representatives, the company has only lost three. It should also be noted that company-wide employee retention rates rival that of other industry leaders.Based on all of the above factors, Davis tells investors to stay onboard. The analyst adds, “If you don’t own NOW, you should be happy because you just walked into the store and found your favorite item on an unexpected sale – we’d use what is likely to be an up and down stock price to build out a full position through year end”. Bearing this in mind, he kept his Buy rating while lowering the price target from $315 to $285. Even with this reduction, Davis sees 18% upside potential in store.In general, other Wall Street analysts take a bullish approach when it comes to NOW. 16 Buy ratings compared to 2 Holds assigned in the last three months give it a ‘Strong Buy’ analyst consensus. Additionally, its $300 average price target puts the upside potential at 21%. (See ServiceNow stock analysis on TipRanks)Smartsheet (SMAR)With Davis calling Smartsheet “one of the best positioned and executing firms that we follow," this software company is definitely on our radar.Smartsheet offers its customers a software platform for the workplace, with this solution allowing teams to work more effectively and improve overall outcomes. While the company provides solid products, the project management space is overcrowded with competitors. That being said, Davis highlights SMAR as a standout based on the fact that its software does exactly what it’s supposed to do.“Smartsheet makes the buying, pricing and expansion process comfortable. When you combine passionate customers with technical prowess and pleasant buying experience, you have the ingredients for a long runway of growth,” the analyst commented.Davis argues that the key to successfully navigating a competitive industry is to continue to innovate, get scale as well as meet the needs of current customers, all three of which the analyst says SMAR is doing. The company has kept customers excited by adding new features including conditional logic enhancements, cut and copy widgets, new ways to filter, multiple select drop down lists and several others. Based on the company’s 134% customer retention, its users are liking what they’re seeing.Like Davis, the rest of the Street has high hopes for SMAR. With 8 Buy ratings and 1 Hold received in the last three months, the message is clear: the software stock is a "Strong Buy." At an average price target of $50.44, the potential twelve month gain lands at 24%. (See Smartsheet stock analysis on TipRanks)Upland Software (UPLD)While it’s yet another player in the workplace software space, Davis thinks Upland stands to become a disruptrive player in the sector thanks to its recent acquisition.On October 6, UPLD announced that it was set to buy Altify for $84 million. Altify is a customer revenue optimization platform that is built natively on Salesforce. It was designed to improve sales execution by solving account management problems and by meeting sales process optimization needs. According to the analyst, Altify complements UPLD’s existing product offerings as well as provides a new customer base for the company to sell to.With this purchase representing UPLD’s fifth acquisition in just the last six months, the company could see major gains driven by these expansion efforts. However, all of this M&A activity does pose risk in terms of integration. Nonetheless, the five-star analyst cites the company’s strong management team and well-practiced method for executing integrations as mitigating some of these concerns.“If we assume that investors are willing to pay a mid-teens EBITDA multiple for Upland's combination of gradually improving organic growth, reliable and accretive M&A, and high margins, we continue to believe that the stock should push through $50 in the next year,” Davis explained.As the current share price is $38.04, Davis’ price target of $55 suggests shares could climb 45% higher over the next twelve months.With only bullish calls issued in the last three months, the word on the Street is that UPLD is a "Strong Buy." Adding to the good news, its $55 average price target indicates the highest upside potential on our list, 43.53% to be exact. (See Upland Software stock analysis on TipRanks)To find good ideas for tech stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy tool, a newly launched feature that unites all of TipRanks’ equity insights.
- Zacks
Has ServiceNow (NOW) Outpaced Other Computer and Technology Stocks This Year?
Is (NOW) Outperforming Other Computer and Technology Stocks This Year?
- Business Wire
ServiceNow Research Shows That Despite Increase in Cybersecurity Spending, Breaches Increased in 2019
ServiceNow (NOW), the leading digital workflow company making work, work better for people, today released its second sponsored study on cybersecurity vulnerability and patch management, conducted with the Ponemon Institute. The study, “Costs and Consequences of Gaps in Vulnerability Response,” found that despite a 24% average increase in annual spending on prevention, detection and remediation in 2019 compared with 2018, patching is delayed an average of 12 days due to data silos and poor organizational coordination. Looking specifically at the most critical vulnerabilities, the average timeline to patch is 16 days.
- American City Business Journals
Which tech companies are hiring the most engineers? How ServiceNow, Facebook and LinkedIn ranked
Booming cloud computing and Internet companies like ServiceNow, Facebook and LinkedIn are staffing up on engineers in a big way — while other big-name tech employers are actually shedding more engineers than they're hiring.
- Thomson Reuters StreetEvents
Edited Transcript of NOW earnings conference call or presentation 23-Oct-19 9:00pm GMT
Q3 2019 ServiceNow Inc Earnings Call
- Zacks
ServiceNow (NOW) Looks Good: Stock Adds 8.1% in Session
ServiceNow (NOW) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.
- Market Realist
eBay and ServiceNow: Downgrades and Revised Estimates
eBay (EBAY) shares are trading 7.8% lower in pre-market today. In contrast, ServiceNow (NOW) stock has gained 7% in pre-market trading.
- Zacks
ServiceNow (NOW) Q3 Earnings Beat Estimates, Revenues In Line
ServiceNow (NOW) benefits from expanding Global 2000 (G2K) customer base undergoing digital transformation.
- Yahoo Finance
It's still a great time to be a Boomer CEO in America: Morning Brief
Top news and what to watch in the markets on Thursday, October 24, 2019.
- TheStreet.com
ServiceNow Spikes on Earnings Beat, New CEO Sees a 'Global Juggernaut'
Shares of enterprise IT service provider ServiceNow were rising sharply Thursday after the company reported third-quarter results that were ahead of expectations, the same week it named Bill McDermott as CEO. "We delivered another strong quarter, continuing our focus on driving customer success and expanding our footprint across 75% of the Fortune 500," said current CEO John Donahoe. In an interview with Bloomberg, McDermott said he wants to build a global juggernaut with ServiceNow.
- TheStreet.com
ServiceNow Isn't Attractive Now After Breaking to the Downside
The technical signs for the cloud automation company indicate sellers of its stock have been more aggressive in the last few weeks.
- Zacks
5 Hot Earnings Charts
These companies have hot charts. They're trading near multi-year highs and they have great earnings track records.
- Bloomberg
Incoming ServiceNow CEO Pledges to Build Software ‘Juggernaut’
(Bloomberg) -- ServiceNow Inc. incoming Chief Executive Officer Bill McDermott promised to transform the growing software maker into a “global juggernaut” as he works to convince investors he’s the right man for the job.“I wanted at this stage in my career a company that was in the early stage of its growth pattern and help them go to the next phase, to truly become one of the most admired software brands in the world,” McDermott, who stepped down earlier this month as CEO of German software giant SAP SE, said Wednesday in an interview. “The company is on a roll. I’m going to fortify that and continue that. The experience of what I know and I’ve seen will be incredibly helpful to ServiceNow. This company will be a global juggernaut.”ServiceNow has long promised to organize tedious parts of office life, like setting up a help desk for IT operations and bringing on board new employees. The company has expanded into new markets, such as human resources, to maintain an annual sales growth rate of at least 35%, which it has achieved since going public in 2012. McDermott’s appointment Tuesday concerned some investors and analysts who highlighted that he hasn’t led “growth companies,” having worked at Xerox and spent about a decade as the first American CEO of Walldorf, Germany-based SAP.McDermott dismissed the criticism, saying ServiceNow is glad to have a “street fighter” like him in its corner.“If someone says Bill McDermott is best known for running large, global, powerhouse companies and they say ‘Is he the right person to lead ServiceNow because it’s not as large,’ I would say, I was completely unaware of ServiceNow’s intention to stay small,” he said. “I’m a leader. I lead organizations and establish visions. At the same time, I’m conforming to ServiceNow’s culture. I think that’s why I am the perfect person.”McDermott added that continuity is important and he sees himself as similar to John Donahoe, ServiceNow’s current CEO, who is stepping down in January to run Nike Inc. McDermott also said he wants all of ServiceNow’s current executives to remain in place when he takes the top job.McDermott said he has interviewed a pool of candidates in the search for ServiceNow’s next chief financial officer and was looking for a candidate who could fit the company’s culture and boost its operating margins and profit. “I think we have found such a person,” he said. The software maker may announce a pick before Thanksgiving in late November, he said.The Santa Clara, California-based company projected subscription revenue that topped Wall Street estimates Wednesday. Sales from subscriptions will be $897 million to $902 million in the current period, ServiceNow said in a statement. Analysts on average expected subscription revenue of $897.7 million, according to data compiled by Bloomberg. That would represent 35% growth compared with a year earlier.The company also reported adjusted profit of 99 cents per share in the period that ended Sept. 30, above analyst estimates of 89 cents.The stock climbed about 4% in extended trading after closing at $220.01 in New York Wednesday. The shares have gained 24% this year.McDermott said that he would stick to ServiceNow’s goal of reaching $10 billion in annual revenue by an unspecified time.“Very simply, I completely buy in, stand behind it, and I’m looking forward to achieving it,” McDermott said on a conference call with analysts.While McDermott is known for his penchant for large acquisitions, such as SAP’s almost $8 billion purchase of Qualtrics International Inc., he said in an interview ServiceNow still had a lot of room for organic growth, which is his preference.“There is no need at this time for large scale M&A maneuvers,” he said.(Updates with comments from earnings call in the 11th paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
ServiceNow (NOW) Q3 Earnings and Revenues Top Estimates
ServiceNow (NOW) delivered earnings and revenue surprises of 11.24% and 0.01%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
ServiceNow's stock up 7% on solid quarter, introduction of new CEO
ServiceNow Inc.'s stock was up 7% in after-hours trading Wednesday after the cloud-services company reported solid third-quarter results and introduced its new chief executive. ServiceNow reported earnings of $1.03 a share. Revenue soared 32% to $885.8 million. Analysts surveyed by FactSet had expected earnings of 99 cents a share on revenue of $886 million. Following its results, the company held a conference call with Bill McDermott, the former SAP SE CEO who is joining the company by the end of the year. McDermott succeeds John Donahoe, who was named Nike Inc. CEO on Tuesday. ServiceNow shares are up 24% this year. The S&P 500 index has gained 20% this year.
- Investor's Business Daily
ServiceNow Stock: New CEO McDermott Expected To Step Up Acquisitions
ServiceNow will likely make more acquisitions under new CEO Bill McDermott given his track record at software giant SAP, analysts say. ServiceNow stock fell on Wednesday amid a change in CEOs.
