ServiceNow(NOW)

Search documents
DoorDash, TKO Group Holdings, Williams-Sonoma and Expand Energy Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600
Prnewswire· 2025-03-07 23:19
Core Viewpoint - S&P Dow Jones Indices will implement changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective March 24, 2025, to enhance the representation of each index according to its market capitalization range [1][2][3]. Changes Summary S&P 100 - Addition of Palantir Technologies (PLTR), Intuitive Surgical (ISRG), and ServiceNow (NOW) [2][3] - Deletion of Dow (DOW), Kraft Heinz (KHC), and Ford Motor (F) [2][3] S&P 500 - Addition of DoorDash (DASH), TKO Group Holdings (TKO), Williams-Sonoma (WSM), and Expand Energy (EXE) [2][3] - Deletion of Borgwarner (BWA), Teleflex (TFX), Celanese (CE), and FMC (FMC) [2][3] S&P MidCap 400 - Addition of VF Corp (VFC), Alaska Air Group (ALK), Hims & Hers Health (HIMS), Bath & Body Works (BBWI), ATI (ATI), and EchoStar (SATS) [2][3] - Deletion of TKO Group Holdings (TKO), Williams-Sonoma (WSM), Expand Energy (EXE), The Chemours Company (CC), Teradata (TDC), and Neogen (NEOG) [2][3][4] S&P SmallCap 600 - Addition of Teleflex (TFX), Celanese (CE), FMC (FMC), Borgwarner (BWA), The Chemours Company (CC), Teradata (TDC), Neogen (NEOG), Ryman Hospitality Properties (RHP), Element Solutions (ESI), Freshpet (FRPT), WillScot Holdings (WSC), Mueller Water Products (MWA), Kratos Defense & Security Solutions (KTOS), and CleanSpark (CLSK) [2][3][4] - Deletion of VF Corp (VFC), Alaska Air Group (ALK), Hims & Hers Health (HIMS), Ambac Financial Group (AMBC), Bath & Body Works (BBWI), ATI (ATI), EchoStar (SATS), Wabash National (WNC), Green Dot (GDOT), Fulgent Genetics (FLGT), Nabors Industries (NBR), Green Plains (GPRE), Mativ Holdings (MATV), and Hain Celestial Group (HAIN) [2][3][4]
NowVertical to Attend the 37th Annual ROTH Conference
GlobeNewswire· 2025-03-04 13:00
Core Insights - NowVertical Group Inc. is participating in the 37th Annual ROTH Conference, highlighting its strong market position in data and AI solutions [1][2] - The conference will take place from March 16-18, 2025, in Dana Point, CA, and will feature various growth sectors, providing a platform for engagement with institutional investors [2][3] - NowVertical offers a comprehensive suite of AI and data analytics solutions, enabling clients to transform data into business value and improve operational efficiency [4] Company Overview - NowVertical is a global data and analytics company focused on helping clients leverage data for measurable business outcomes [4] - The company is growing both organically and through strategic acquisitions, emphasizing its commitment to enhancing client decision-making and long-term value [4]
Why ServiceNow Stock Bumped Higher on Hump Day
The Motley Fool· 2025-02-26 23:22
Core Viewpoint - ServiceNow announced the acquisition of Quality 360, a solution aimed at the manufacturing industry, which positively impacted its stock performance, increasing by over 2% [1][2]. Group 1: Acquisition Details - ServiceNow acquired Quality 360 from Advania, a Sweden-based IT services provider, although the financial terms of the deal were not disclosed [2][5]. - Quality 360 is designed to empower manufacturers with proactive, data-driven insights to address quality issues, thereby minimizing operational costs and reputational risks [3][4]. Group 2: Strategic Implications - The integration of Quality 360 into ServiceNow's platform is expected to provide manufacturers with AI-driven insights and automation, enhancing operational efficiency and customer trust [4][5]. - The acquisition is seen as a strategic win for ServiceNow due to the compatibility of Quality 360 with its existing solutions and the potential for a lucrative user base in the manufacturing sector [5].
NowVertical Completes Debt-to-Equity Conversions
GlobeNewswire· 2025-02-20 12:30
TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (TSXV: NOW) (“NOW” or the “Company”) announces that the Company has settled an aggregate of CAD$3.025 million in respect of certain historical obligations of the Company through the issuance of 9,168,418 Class A subordinate voting shares in the capital of the Company (the “Subordinate Voting Shares”) at a deemed issuance price of $0.33 per Subordinate Voting Share. CoreBI Settlement Further to the Company’s press release dated December 23, 20 ...
Advance Solutions Partners with ServiceNow.org to Empower Nonprofits Through the 2025 Partnership for Good Grant
Newsfilter· 2025-02-18 13:00
Core Insights - Advance Solutions collaborates with ServiceNow.org for the 2025 Partnership for Good Grant initiative, providing up to $2 million in technology donations and consulting services to four nonprofit organizations [1][2][4] Group 1: Partnership and Grant Details - The Partnership for Good Grant aims to help nonprofits streamline operations and maximize resources, offering each recipient a ServiceNow instance, software, licenses, and services valued at up to $250,000 over three years, along with 1,200 expert resource hours and a $100,000 monetary grant [2][4] - Advance Solutions leads the Disaster and Community Support Grant, focusing on supporting underserved communities and enhancing disaster response efforts [4][5] Group 2: Company Commitment and Expertise - Advance Solutions is dedicated to easing operational burdens for nonprofits, allowing them to focus on their core missions of helping those in need [5] - The company is recognized as a ServiceNow Elite Partner, with over 1,000 successful implementations and a client base that includes more than 25% of Fortune 100 companies [7][8] Group 3: Technology and Impact - By combining technology with nonprofit expertise, Advance Solutions and ServiceNow.org aim to empower nonprofits to scale their impact and create lasting change [5][10] - Advance Solutions specializes in custom workflow applications tailored to nonprofit needs, enhancing efficiency, security, and service delivery [10]
Sopra Steria ranked best-in-class in ServiceNow Services in Europe by PAC
Prnewswire· 2025-02-12 09:00
Core Insights - Sopra Steria has been recognized as one of Europe's top suppliers of ServiceNow-related services, achieving a 'Best-in-Class' overall rating in 2024, being one of only five providers to receive this distinction [1][6] - The PAC INNOVATION RADAR evaluated 20 different providers based on their portfolio, vision, strategy, and client engagements, highlighting Sopra Steria's strengths and capabilities [1][2] Company Strengths - Sopra Steria has demonstrated significant strengths in ServiceNow services, particularly in the public sector, showcasing its overall capability in this area [2][3] - The company maintains a strong focus on the European market, leveraging its expertise in IT services, digital transformation, and consulting across various industries, including public sector, financial services, and healthcare [3][4] ServiceNow Capabilities - PAC highlighted Sopra Steria's ability to extend ServiceNow capabilities beyond traditional IT service management (ITSM) to include customer service, HR service delivery, and risk management [4][6] - The company's deep understanding of regulatory environments and established relationships with governmental bodies enhance its position as a trusted partner for ServiceNow implementations across Europe [4][5] Regional Approach - Sopra Steria's pan-European approach facilitates the transfer of best practices between countries, fostering a robust knowledge-sharing ecosystem that enhances its ServiceNow capabilities [5] - With offices and innovation centers in regions such as France, the UK, Spain, and the Nordics, the company provides local support and understands market-specific challenges, enabling effective responses to regulatory and cultural factors affecting digital transformation initiatives [5][6]
ServiceNow Declines 10% Since Q4 Results: What Should Investors Do?
ZACKS· 2025-02-04 15:30
Core Viewpoint - ServiceNow's shares have declined 10.7% following the release of its fourth-quarter 2024 earnings, despite beating revenue and earnings estimates, primarily due to a modest subscription revenue growth projection for 2025 [1][2]. Revenue and Earnings Summary - For 2024, ServiceNow reported subscription revenues of $10.639 billion, reflecting a 22.5% increase from 2023 [2]. - The 2025 subscription revenue growth is projected to be between 19.5% and 20% at constant currency, with total expected revenues of $12.635-$12.675 billion, indicating an 18.5% to 19% rise from 2024 on a GAAP basis [3][4]. - The Zacks Consensus Estimate for 2025 revenues is $13.07 billion, suggesting an 18.96% growth over 2024 [15]. Customer and Market Position - As of the end of Q4 2024, ServiceNow had 2,109 customers with over $1 million in annual contract value (ACV), marking a 14% year-over-year growth [8]. - The company closed 170 deals greater than $1 million in net new ACV, with 19 deals exceeding $5 million [8]. AI and Technology Integration - ServiceNow is leveraging AI and machine learning to enhance its solutions, with Pro Plus AI growing 150% sequentially [9]. - The collaboration with major partners like Amazon, Microsoft, and NVIDIA is expected to bolster ServiceNow's market share and enhance its GenAI capabilities [10][11][12]. Stock Performance and Valuation - ServiceNow shares have returned 30.1% over the past 12 months, outperforming the Zacks Computer & Technology sector and the Computers – IT Services industry [6]. - The stock is currently considered overvalued, with a forward 12-month Price/Sales ratio of 15.8X, higher than its median of 14.03X and the industry's 11.24X [16]. Future Outlook - The company's strategy to accelerate the adoption of its Agentic AI may negatively impact subscription revenue growth in 2025 [4]. - Despite the challenges posed by unfavorable forex and a tough macroeconomic environment, ServiceNow's strong GenAI portfolio and partner base are expected to drive client growth and subscription revenues [22].
ServiceNow: The Dip Is A Gift
Seeking Alpha· 2025-02-04 10:50
Group 1 - The article discusses the role of a Wealth Management Advisor and Portfolio Analyst, emphasizing the use of financial, technical, and macroeconomic analysis to support clients and develop investment theses [1] - It highlights the importance of identifying both short-term trends and long-term opportunities in the investment landscape [1] - The advisor aims to find winning investments to grow portfolios while mitigating risks through various valuation methods and modeling techniques [1] Group 2 - The content is presented as informational and does not constitute financial advice or recommendations for specific investments [3] - There is a disclosure indicating that the author has no current positions in the mentioned companies but may initiate a long position in the near future [2] - The article emphasizes the necessity for readers to conduct their own research and consult with qualified financial professionals before making investment decisions [3]
ServiceNow: The AI Orchestrator Poised For Enterprise Domination
Seeking Alpha· 2025-02-03 14:30
ServiceNow (NYSE: NOW ) is currently at the forefront of innovation within the enterprise software space. Their AI offerings, including orchestration and automation of advanced agents, are keys to capitalizing on the demand for better workflow automation and cost efficiencies at organizations.Hello and welcome to my Seeking Alpha page. My name is Jack Elias, and I am a dedicated business student with a fervent passion for the world of investing. With a solid foundation in both theoretical knowledge and prac ...
NowVertical Announces Agreement to Defer Payment of Amounts to Affinio Sellers, Demonstrating Continued Support
GlobeNewswire· 2025-02-03 13:00
Core Insights - NowVertical Group Inc. has successfully negotiated a deferral of USD $998,000 in outstanding liabilities with the sellers of Affinio Inc., demonstrating confidence in its strategic direction [1][2] - The deferral allows NowVertical to focus on its organic growth initiatives, aiming for a revenue run rate of USD $50 million and a 20% EBITDA margin [2] Company Overview - NowVertical is a global data and analytics company that transforms data into business value using AI, offering a comprehensive suite of solutions and services [3] - The company is focused on organic growth and strategic acquisitions to enhance its market position and drive measurable outcomes for clients [3]