The most recent trading session ended with ServiceNow (NOW) standing at $885.83, reflecting a -0.74% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.03% gain on the day. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.2%. The the stock of maker of software that automates companies' technology operations has risen by 7.15% in the past month, leading the Computer and Technology sector's loss of 1.2% and the S&P 500's gain of 1.54%. The upcoming earni ...

ServiceNow (NOW) closed the most recent trading day at $875.96, moving +1.84% from the previous trading session. This change outpaced the S&P 500's 1.07% gain on the day. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, added 2.17%. Prior to today's trading, shares of the maker of software that automates companies' technology operations had gained 5.05% over the past month. This has outpaced the Computer and Technology sector's loss of 0.16% and the S&P 500's gain of 2.92% in that time. ...

Summary of ServiceNow, Inc. Conference Call Company Overview - **Company**: ServiceNow, Inc. (NYSE: NOW) - **Event**: Goldman Sachs Communacopia + Technology Conference Call - **Date**: September 11, 2024 Key Points Industry Insights - The discussion reflects a strong belief in the potential of generative AI (GenAI) to transform the application layer of enterprise software, similar to past tech booms in the NASDAQ [1][14] - The focus is on the integration of GenAI into business processes, enhancing productivity and efficiency across various industries including financial services, retail, telecommunications, media, technology, and public sector [22][25] Company Vision and Strategy - **Long-term Aspirations**: ServiceNow aims to be the most valuable enterprise software company by 2030, excluding hyperscalers [7] - **Innovation Focus**: The company emphasizes continuous innovation, with the recent Xanadu release incorporating 350 million net new innovations, showcasing a commitment to engineering excellence [6] - **Cultural Commitment**: ServiceNow has maintained a no-layoff policy during challenging times, focusing on building a strong company culture [6] Product Development and AI Integration - ServiceNow has developed a data workflow platform, RaptorDB, which is claimed to be the fastest database in the world, capable of handling complex queries efficiently [17] - The company is integrating domain-specific large language models (LLMs) to automate IT processes and enhance employee experiences [18] - The partnership with Microsoft is highlighted, particularly in relation to the Now Assist feature, which automates procurement processes within the Microsoft ecosystem [41][43] Customer Engagement and Market Position - ServiceNow has successfully penetrated the financial services sector, now serving all top 24 banks globally [22] - The company reports significant customer savings through GenAI, with examples like Teleperformance and USI achieving instantaneous ROI by deflecting 90% of cases that would typically require agent intervention [30][31] Economic Impact and Employment - The CEO discusses the dual focus of companies on productivity and growth, emphasizing that technology should enhance the capabilities of existing employees rather than reduce headcount [37][38] - The potential economic impact of AI is projected to be substantial, with estimates suggesting an $11 trillion contribution to the economy in the coming years [40] Competitive Advantage - ServiceNow positions itself as a unique platform that integrates various AI agents across departments, ensuring cohesive workflow automation and governance [45] - The company aims to eliminate silos within organizations, allowing for optimized processes across the enterprise [45] Future Outlook - The expectation is that the GenAI revolution will continue to grow, with significant investments projected in AI technologies by enterprises through 2027 [25] - ServiceNow is committed to maintaining its leadership in the enterprise software space by leveraging its innovative capabilities and strong partnerships [26] Additional Insights - The conversation reflects a strong sense of optimism about the future of technology and its role in business transformation, with a focus on customer-centric solutions and operational efficiency [3][11] - The CEO's personal anecdotes and motivational insights highlight the importance of vision and leadership in driving company success [3][4]

Investors can profit off the burgeoning AI market with these industry leaders. The market for artificial intelligence (AI) could reach $826 billion by 2030, according to Statista. Investors who stick with top suppliers in data center hardware and enterprise software should earn excellent returns, as AI investment ramps up in these mission-critical areas. Here are two outstanding AI stocks to buy right now. 1. Nvidia Nvidia (NVDA 0.56%) has long dominated the market for graphics processing units (GPUs), and ...

For Immediate Releases Chicago, IL – September 9, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: ServiceNow, Inc. (NOW) , Interactive Brokers Group, Inc. (IBKR) and Pilgrim's Pride Corp. (PPC) . Here are highlights from Monday's Analyst Blog: 3 Low-Beta Stocks to Buy for the "September Effect" September is renow ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. ServiceNow (NOW) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. ServiceNow is one of 618 companies in the Computer and Technology group. T ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to perform their own research [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to understand these instruments fully before engaging in trading or investment activities [1]. - The website does not provide real-time information and may not guarantee the accuracy of the data presented [1].

Core Insights - ServiceNow demonstrates impressive durable growth, maintaining over 20% growth even in a challenging macroeconomic environment, attributed to customer obsession and innovation [2][9][48] - The company’s intelligent platform is designed for business transformation, allowing for quick time to value, which is crucial in the current economic climate [4][9][51] - Over 85% of new business comes from existing customers, indicating a strong customer retention strategy and significant growth potential within the existing customer base [8][25][27] Company Strategy - ServiceNow focuses on customer-driven innovation, expanding its product portfolio based on customer feedback and needs [7][8] - The company emphasizes leadership development through education, experience, exposure, and expectations, ensuring a strong leadership bench [13][15][18] - The company is committed to maintaining robust processes for forecasting and pipeline management, ensuring confidence in business continuity despite leadership changes [22][24][23] Market Position - ServiceNow positions itself as a complementary solution rather than a replacement, integrating with existing systems to enhance their effectiveness [33][34] - The company is actively pursuing new customer acquisition while maintaining strong growth from existing customers, with a focus on larger deals and strategic partnerships [28][29][70] - The potential market opportunity within the top 250 marquee customers is estimated at over $20 billion, highlighting significant growth prospects [27] Technological Advancements - ServiceNow is investing in generative AI and machine learning across its platform, enhancing capabilities without needing to choose specific areas for investment [44][45] - The company has already piloted over 10 use cases for AI, generating approximately $10 million in annualized savings, indicating early success in AI integration [61] - The platform's ability to drive efficiency and productivity through AI is seen as a key differentiator in the evolving technological landscape [42][72] Customer Engagement - ServiceNow maintains a strong focus on understanding customer needs and ensuring quick implementation to deliver value, which is critical in longer deal cycles [50][51] - The company actively engages with customers to facilitate understanding of the platform's value, particularly in the context of generative AI [52][60] - The leadership team prioritizes direct customer interaction to gather insights and drive product development, enhancing customer relationships [14][15]

Core Viewpoint - Growth investors are increasingly focused on identifying stocks with above-average financial growth, which can lead to solid returns, but finding such stocks can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - ServiceNow (NOW) is highlighted as a recommended growth stock based on the Zacks Growth Style Score, which evaluates a company's real growth prospects beyond traditional metrics [2] - The company has a favorable Growth Score and a top Zacks Rank, indicating strong potential for growth investors [2] Group 2: Earnings Growth - ServiceNow has a historical EPS growth rate of 54.5%, with projected EPS growth of 28.1% for the current year, significantly outperforming the industry average of 7.7% [4] - Double-digit earnings growth is preferred by growth investors as it signals strong prospects and potential stock price gains [3] Group 3: Cash Flow Growth - The year-over-year cash flow growth for ServiceNow is currently at 33%, which is substantially higher than the industry average of -13.1% [5] - Over the past 3-5 years, the company's annualized cash flow growth rate has been 33.5%, compared to the industry average of 9.1% [6] Group 4: Earnings Estimate Revisions - The current-year earnings estimates for ServiceNow have been revised upward, with the Zacks Consensus Estimate increasing by 5.2% over the past month [8] - Positive trends in earnings estimate revisions are correlated with near-term stock price movements, indicating potential for further growth [7] Group 5: Investment Potential - The combination of a strong earnings estimate revision trend and solid growth metrics positions ServiceNow as a potential outperformer and a solid choice for growth investors [9]

After reaching an important support level, ServiceNow (NOW) could be a good stock pick from a technical perspective. NOW surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages. The 20-day moving ...