|Bid||0.00 x 800|
|Ask||0.00 x 1200|
|Day's Range||288.45 - 299.20|
|52 Week Range||147.63 - 303.17|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||290.32|
Stock futures: After the stock market reversed Friday, Amazon, Facebook, ServiceNow are back to buy points ahead of earnings this week. What should you do?
ServiceNow has great buzzwords: an SaaS business model, high growth and subscription-based revenue. But its pricey stock should be avoided.
ServiceNow's (NOW) second-quarter 2019 results are likely to benefit from new contract wins, ongoing alliances and growing clout of digital transformation.
(Bloomberg) -- Microsoft Corp. rose to a record after topping quarterly sales and profit projections, fueled by steady demand for cloud-computing services and a surprisingly strong Windows business. The company’s forecast promised robust growth will continue into next year.The software maker pledged “double-digit” percentage gains in sales and operating income for the year that started July 1. Results are getting a boost from larger deals for its Azure web services and brisk adoption of internet-based Office programs. Given Microsoft’s “strong ambition,” it plans to increase operating expenses by 11% to 12% for the fiscal year, and will raise capital spending to build out data centers, Chief Financial Officer Amy Hood said.The shares rose as much as 3.1% to $140.67, the highest intraday on record. Several analysts raised their price targets for the stock Friday and Canaccord Genuity described it as “more expensive than it has been since 2000.”Chief Executive Officer Satya Nadella has centered Microsoft’s strategy on cloud services, seeking to narrow the gap with market leader Amazon.com Inc. As more customers move storage and computing tasks to remote servers owned by Microsoft and upgrade their aging business software, the company has been leveraging its broad product line by getting them to sign up for both Azure and newer products like Microsoft 365 -- a subscription package of Office 365 cloud software, Windows 10 and security programs.“Everything has been going well for them,” said Sid Parakh, a portfolio manager at Becker Capital Management, which counts Microsoft as its biggest holding. “It’s the structural winner right now -- as more and more companies move to the cloud, it’s largely Amazon and Microsoft in the running for those deals.”Profit before certain items in the fourth quarter, which ended June 30, rose to $1.37 a share, compared with the $1.22 average forecast of analysts polled by Bloomberg. Revenue increased 12% to $33.7 billion, the Redmond, Washington-based company said Thursday in a statement, compared with the $32.8 billion projection. Net income in the quarter was $13.2 billion, or $1.71 a share.The stock has jumped this year on optimism about the company’s cloud business, and on some investors’ belief that Microsoft is a safe haven as U.S. and European regulators sharpen their scrutiny of other large technology firms. The gains have made Microsoft the most-valuable public company, with a market capitalization of more than $1 trillion.“Microsoft is brimming with confidence in cloud growth on the heels of Azure and Office 365 success,” said Dan Ives, an analyst at Wedbush Securities. “The Street will be loudly applauding this forecast.”In the fourth quarter, commercial cloud revenue -- a measure of sales from Azure, internet-based versions of Office software and some smaller products -- rose 39% from a year earlier to $11 billion. Profit margins in the business widened by 6 points to 65%.Sales of Office 365 software to businesses jumped 31%. Azure cloud sales rose 64%, compared with 73% growth in the previous quarter and 76% in the one before that. That continued deceleration has caused some concern among investors -- Azure revenue was routinely more than doubling as recently as two years ago. Still, swelling profit margins in cloud have helped to offset those worries. Margins will continue to widen in the new fiscal year, Hood said on a conference call.Since the close of the quarter, Microsoft signed new cloud deals with Providence St. Joseph Health and ServiceNow Inc., which said it will use Azure to deliver cloud products to some government customers -- the first time that company has used third-party data centers for its business.Worldwide public-cloud services sales are expected to grow 17.5% this year to $214.3 billion, according to Gartner Inc. In the infrastructure part of the market, Amazon and Microsoft are increasingly pulling away from other competitors -- although Azure remains several times smaller than Amazon Web Services. Meanwhile, Microsoft’s Office cloud business puts it in the lead in area of web-based applications.Revenue in the company’s productivity and business unit, which includes the Office suite of programs like Word, Excel and PowerPoint, rose 14% in the quarter to $11 billion, exceeding analysts’ average estimate of $10.7 billion. Sales from the Intelligent Cloud division, made up of Azure and server software, jumped 19% to $11.4 billion -- the first quarter the unit has been Microsoft’s biggest by revenue.The unit known as More Personal Computing, including Windows software, Surface hardware and Xbox gaming products, saw revenue climb 4% to $11.3 billion in the recent period.Global shipments of personal computers increased 1.5% in the June quarter, Gartner said last week, fueled by businesses upgrading to the latest Windows operating system. Support for Windows 7 is ending in January, meaning companies need to upgrade to Windows 10. The older software’s expiration is also helping boost sales of the Microsoft 365 bundle as the company persuades customers to switch to internet-based subscriptions rather than one-time licenses.Sales of Windows to PC makers in the quarter were better than expected, rising 9% overall and 18% for the pricier professional editions, Microsoft said, far outpacing the overall PC market. Four points of the growth in Pro revenue was also because PC makers are stocking up ahead of tariffs related to a U.S.-China trade war, said Mike Spencer, Microsoft general manager for investor relations, in an interview. Other than that, Microsoft hasn’t seen any notable impact from U.S.-China trade tensions.Microsoft’s net income benefited from a $2.6 billion tax gain, which came as the company moved intellectual property to the U.S. to comply with the 2017 Tax Cuts and Jobs Act. While the gain is being recognized up front in the recent quarter, the company will face a higher tax rate in coming quarters, Spencer said.To contact the reporter on this story: Dina Bass in Seattle at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
ServiceNow Governance, Risk, and Compliance (GRC) transforms inefficient processes by combining security, IT and risk capabilities into a unified risk program built on the Now Platform. "Organizations are betting on digital initiatives to drive competitive advantage and they can’t generate value if they don’t take risks,” said Sean Convery, vice president and general manager, ServiceNow Security and Risk. “The key to unlocking the strategic upside of this disruption is properly managing digital risk.
T. Rowe Price saw 14 of its U.S. stock mutual funds outperform the S&P; 500\. Are you invested in any of them?
ServiceNow (NOW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.
ServiceNow, today's IBD 50 Stocks To Watch pick, remains in buy range from a recent breakout and is a triple threat in the stock market.
Agilent Technologies (A) enters into an agreement to buy BioTek Instruments, which is likely to strengthen its cell analysis capabilities and expand presence in life science research space.
The index endured a turbulent week but gained after the Fed Chair indicated that a rate was likely later this month.
Avis Budget, Kohl???s, Dropbox, ServiceNow and Veeva highlighted as Zacks Bull and Bear of the Day
Microsoft (MSFT) teams with ServiceNow on digital workflows and Azure to expand collaborative capabilities in a bid to aid enterprise customers accelerate digital transformation.
Microsoft Corp (NASDAQ: MSFT ) and ServiceNow (NYSE: NOW ) have announced a strategic partnership intended to integrate the companies' products, platform and cloud capabilities. This will make ServiceNow ...
Microsoft Corp. (MSFT) and ServiceNow (NOW) today announced a broader strategic partnership intended to significantly enhance the integration and optimization of the companies’ products, platform and cloud capabilities. Through this expanded partnership, the companies will enable enterprise customers in certain highly regulated industries, as well as government customers, to accelerate their digital transformation and drive new levels of insights and innovation.
(Bloomberg) -- Microsoft Corp. and ServiceNow Inc., makers of cloud-based software, announced a partnership that will help ServiceNow sell to highly regulated industries and further integrate the companies’ technology. ServiceNow will use Microsoft’s Azure cloud to host workloads for the U.S. and Australian governments, the companies said Tuesday in a statement. The companies may allow other customers to run ServiceNow applications on Microsoft’s cloud, but didn’t specify when. This is the first time that ServiceNow has made its software available for use with a major public cloud-computing vendor.Microsoft will also sell ServiceNow applications, helpingServiceNow enter new segments and geographic markets. The agreement may bolster ServiceNow’s stated goal of reaching $10 billion in annual revenue. ServiceNow pitches itself as a “digital workflow company” that organizes the basics of business, such as setting up a help desk for IT operations or bringing on board new employees. Its decision to use Azure to run its software, instead of relying purely on in-house server farms, is key for Microsoft as it seeks more customers for its cloud infrastructure services. Market leader Amazon.com Inc. counts many of the biggest cloud-software application providers as clients, including Splunk Inc. and Okta Inc. “Microsoft was really best positioned as a broad strategic partner,” Lara Caimi, chief strategy officer of ServiceNow, said in an interview. “We were hearing from our customers that they wanted ServiceNow and Microsoft to work better together.”Microsoft will also use more ServiceNow software, adopting the company’s Information Technology & Employee Experience product “to improve operations, enhance employee experiences, and deliver stronger business outcomes,” according to the statement. For now, the software makers will integrate more capabilities from Microsoft's customer-relationship, accounting, and Office cloud applications with ServiceNow’s programs. The new deal with ServiceNow expands on a limited partnership the companies announced in October. Moving forward, ServiceNow will benefit from Microsoft’s security certifications as it pursues government contracts around the world. For Microsoft, the partnership will give the company another ally in the fast-growing cloud-applications space. The world’s largest software maker already partners with Adobe Inc. and SAP SE — companies that compete against a key Microsoft rival, Salesforce.com Inc. ServiceNow also goes toe-to-toe against Salesforce in help desk software, and Microsoft’s plan to sell ServiceNow products to customers fills a key gap in the Microsoft ecosystem. For its part, Salesforce has bought companies that are rivals of Microsoft, such as analytics company Tableau Software Inc. and Quip, which has a productivity suite.“It's a large vote of confidence in our platform,” said Gavriella Schuster, a Microsoft vice president.ServiceNow’s stock has gained 65% this year, closing at $293 on Monday in New York. Microsoft’s shares have jumped 35% this year to $136.96. The Redmond, Washington-based software maker is the world’s most valuable company by market capitalization.Microsoft and Santa Clara, California-based ServiceNow committed to collaborate on future solutions, and are currently hashing out some of the details. ServiceNow may join Microsoft’s Open Data Initiative, a pact with SAP and Adobe to use the same data model so mutual customers can move information among their various systems. To contact the authors of this story: Nico Grant in San Francisco at email@example.comDina Bass in Seattle at firstname.lastname@example.orgTo contact the editor responsible for this story: Andrew Pollack at email@example.com, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
ServiceNow today announced it will release financial results for the second quarter 2019 ended June 30, 2019 following the close of market on Wednesday, July 24, 2019. ServiceNow will host a conference call and live webcast to discuss the financial results.
Stock futures: Chips and China names led Monday's stock market rally. But Microsoft, Adobe, ServiceNow are among five top software stocks rising and reclaiming buy points.