The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about ServiceNow (NOW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. ServiceNow currently has an av ...

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Since I last covered ServiceNow (NYSE: NOW ) and allocated a Buy rating, the stock has increased by over 25% in price. I cautioned on its premium valuation at the time, but this was not too concerning to me, given the excellent management, strong market positioningOliver Rodzianko is an investment analyst specializing in the technology sector, with a focus on artificial intelligence, semiconductors, software, and renewable energy. He has earned a strong reputation on Seeking Alpha, where he is frequently fe ...

25 Oct 2024 CMB International Global Markets | Equity Research | Company Update ServiceNow (NOW US) Solid 3Q24 results; riding on GenAI tailwind ServiceNow announced 3Q24 results: total revenue increased by 22% YoY to US$2.80bn, 2% ahead of Bloomberg consensus estimate; non-GAAP net income was up by 29% YoY to US$775mn, 7% ahead of consensus estimate due to top-line outperformance and opex efficiencies. 3Q24 cRPO grew by 23.5% YoY at constant currency, which was 150bps above previous guidance, driven by the ...

Key TakeawaysServiceNow exceeded earnings and revenue estimates on soaring demand for its artificial intelligence platform.The enterprise software company raised its full-year subscription revenue guidance, and shares traded at an all-time high.ServiceNow also said former Google Cloud and Oracle executive Amit Zavery would become the new CPO and COO. Shares of ServiceNow (NOW) traded at an all-time high Thursday, a day after the software and IT services provider posted better-than-expected results and boost ...

ServiceNow (NOW) reported third-quarter 2024 adjusted earnings of $3.72 per share, which beat the Zacks Consensus Estimate by 7.51% and jumped 27.4% year over year.NOW’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, which is commendable.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $2.797 billion beat the consensus mark by 2.04% and increased 22.2% year over year. At constant currency (cc), revenues increased 22.5% year over year to $2.637 ...

ServiceNow's beat-and-raise quarter has investors feeling bullish.ServiceNow (NOW 5.99%) stock is jumping in Thursday's trading following the company's recently published quarterly report. The software specialist's share price was up 7.8% as of 10:45 a.m. ET.ServiceNow reported its third-quarter results after the market closed yesterday and posted sales and earnings for the period that beat Wall Street's expectations. The company recorded non-GAAP (adjusted) earnings per share of $3.72 on sales of $2.8 bill ...

SUN VALLEY, IDAHO - JULY 14: Bill McDermott, CEO of ServiceNow, walks to a morning session at the ... [+] Allen & Company Sun Valley Conference on July 14, 2023 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful figures from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Kevin Dietsch/Getty Images)Getty ImagesServiceNow stock has risen 33% so far this year. Following the company’s third quar ...

ServiceNow Inc NOW reported stronger-than-expected results for its third quarter after the market close on Wednesday.ServiceNow reported third-quarter revenue of $2.797 billion, beating the consensus estimate of $2.743 billion. The company reported third-quarter adjusted earnings of $3.72 per share, beating analyst estimates of $3.46 per share, according to Benzinga Pro."ServiceNow raised our full-year topline guidance on the strength of our Q3 results, once again going beyond expectations. This remarkable ...

I discussed ServiceNow’s (NYSE: NOW ) market expansion into mid-office and back-office platforms in my previous ‘Strong Buy’ thesis published in July 2024. With the launch of Xanadu & RaptorDB, ServiceNow has been enhancing their AI offerings and expanding into adjacent market such asMore than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche ...