Previous Close | 423.60 |
Open | 419.70 |
Bid | 410.20 x N/A |
Ask | 413.35 x N/A |
Day's Range | 410.90 - 419.70 |
52 Week Range | 340.00 - 535.60 |
Volume | |
Avg. Volume | 2 |
Market Cap | 83.002B |
Beta (5Y Monthly) | 0.96 |
PE Ratio (TTM) | 263.40 |
EPS (TTM) | 1.56 |
Earnings Date | Apr 25, 2023 - May 01, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
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ServiceNow's (NYSE: NOW) stock rose 3% on Jan. 26 after the cloud-based digital workflow services provider posted its fourth-quarter earnings report. Its revenue rose 20% year over year to $1.94 billion, which matched analysts' expectations, while its adjusted earnings increased 56% to $2.28 per share and cleared analysts' estimates by $0.26. Let's review its growth rates, near-term challenges, and valuations to decide.
Yahoo Finance’s Ines Ferré discusses why companies like ServiceNow and Apple have managed to avoid laying off workers so far as a slowdown hits the tech sector.
At the time, the leader of the cloud-based CRM (customer relationship management) services market seemed like a solid long-term investment. Salesforce expects its revenue and adjusted earnings per share (EPS) to rise 17% and 3%, respectively, in fiscal 2023 (which ends on Jan. 30). ServiceNow (NYSE: NOW) -- which streamlines digital workflows with its cloud-based services -- is expected to grow its revenues by 23% in 2022 and 22% in 2023.