That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. ServiceNow (NOW) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank. While there are numerous reasons why the stock of this maker of software that automates companies' technology operations is a great growth p ...

Despite the recent strong stock performance, ServiceNow (NYSE:NOW) stocks are still trading around their fair market price. Operation Overview Source - ServiceNow Industry Overview | --- | --- | --- | --- | |---------------------------------|--------------------|---------------|-------------| | Microsoft Corporation | Revenues \n227.580 | % \n 35,8% | Rank \n 1° | | Oracle Corporation | 52.510 | 8,3% | 2° | | Salesforce, Inc. | 34.860 | 5,5% | 3° | | SAP SE | 34.450 | 5,4% | 4° | | Adobe Inc. | 19.940 | 3,1 ...

Getty Images On July 25, the Santa Clara, Calif.-based provider of workflow software's stock surpassed that goal — ending the day at about $829. This marks a 21% increase for 2024 and a 73% increase since April 27, 2022 when McDermott told me he thought the company's stock should trade at $800 a share. Strong demand for Now Assist, the company's generative AI offering; A bigger than expected contract backlog; and A standout ability to monetize generative AI internally and for customers. ServiceNow Beats Exp ...

CMB 国际全球市场 | 股票研究 | 公司更新 强劲的 cRPO 增长和 GenAI 势头 中国互联网 | --- | --- | --- | --- | --- | --- | |----------------------------------------------|---------|---------|---------|---------|---------| | (YE 12 月 31 日) | FY22A | FY23A | FY24E | FY25E | FY26E | | 收入 （ 百万美元 ） | 7,245 | 8,971 | 10,910 | 13,134 | 15,632 | | 同比增长 （% ） | 22.9 | 23.8 | 21.6 | 20.4 | 19.0 | | 调整后净利润 （ 百万美元 ） | 1,543.0 | 2,215.0 | 2,935.5 | 3,619.1 | 4,491.6 | | 同比增长 （% ） | 28.5 | 43.6 | 32.5 | 23.3 | 24.1 | | 每股收益 （ 调整后 ） （ 美元 ） | 7.66 | 10.86 ...

26 Jul 2024 CMB International Global Markets | Equity Research | Company Update Strong cRPO growth and GenAI momentum | --- | --- | --- | |--------------------------------------------------------------------------------------------|----------|---------------------------| | Target Price | | US$900.00 | | (Previous TP | | US$895.00) | | Up/Downside | | 23.1% | | Current Price | | US$730.87 | | China Internet | | | | Saiyi HE, CFA (852) 3916 1739 hesaiyi@cmbi.com.hk | | | | Wentao LU, CFA luwentao@cmbi.com.hk ...

Now Assist Powers ServiceNow's Platforms JHVEPhoto My biggest takeaway from the earnings call is ServiceNow's strong growth in its Now Assist, with net new annual contract value (ACV) doubling quarter-over-quarter. Management has disclosed that the company signed 11 Now Assist Deals with $1 million+ ACV in Q2, two of which were over $5 billion. ServiceNow quarterly earnings ServiceNow has launched Now Assist for IT Service Management, Customer Service Management, HR Service Delivery and Creators. By incorpo ...

ServiceNow (NOW) reported second-quarter 2024 adjusted earnings of $3.13 per share, which beat the Zacks Consensus Estimate by 9.82% and jumped 32.1% year over year. ServiceNow had 1,988 total customers with more than $1 million in annual contract value (ACV) at the end of the reported quarter, which represents 15% year-over-year growth in customers. In terms of key businesses, ITOM, ITSM and Security and Risk won 10, nine and eight deals, respectively. Customer workflows, Employee Workflows and Creator won ...

Core Viewpoint - ServiceNow is positioned to become a megacap stock, with current stock prices offering a fair entry point for investors at 35 times next year's free cash flow [2][8][12] Financial Performance - ServiceNow reported a revenue growth rate indicating a 23% compound annual growth rate (CAGR) for 2024, with expectations of approximately $4.3 billion in free cash flow [5][6] - The company has raised its full-year guidance for operating income by 50 basis points, suggesting improved profitability for the latter half of 2024 [6][13] Market Position - ServiceNow operates in a highly competitive enterprise software market, facing challenges from major players like Microsoft, Salesforce, and Oracle [10] - The company has successfully launched AI-driven solutions, such as Now Assist, contributing to strong subscription revenue growth and increased adoption across various industries [10] Investment Thesis - ServiceNow's strong financial health, including approximately $4 billion in net cash and $3.5 billion in long-term investments, provides a margin of safety for investors [6][12] - The company is expected to maintain a premium growth rate of over 20% CAGR, making it an attractive investment opportunity despite its high valuation [12][13]

This presentation includes certain non‐GAAP financial measures and the corresponding growth rates as defined by SEC rules. For additional information, see the slide titled "Statement Regarding Use of Non-GAAP Financial Measures." Terms such as Remaining Performance Obligations (RPO), Current Remaining Performance Obligations (cRPO) and Renewal Rate shall have the meanings set forth in our filings with the SEC. The information in this presentation on new products, features, or functionality is intended to ou ...

ServiceNow, Inc. (NYSE:NOW) Q2 2024 Earnings Conference Call July 24, 2024 5:00 PM ET Company Participants Darren Yip - VP, IR William McDermott - Chairman & CEO Gina Mastantuono - CFO Conference Call Participants Sanjit Singh - Morgan Stanley Raimo Lenschow - Barclays Kash Rangan - Goldman Sachs Peter Weed - Bernstein Samad Samana - Jefferies Karl Keirstead - UBS Brad Sills - Bank of America Securities Kirk Materne - Evercore ISI Alex Zukin - Wolfe Research Mark Murphy - JPMorgan Joel Fishbein - Truist Sec ...