Company Performance - ServiceNow closed at $830, reflecting a -1.53% change from the previous session, underperforming the S&P 500's daily loss of 1.07% [1] - Over the past month, ServiceNow shares have decreased by 14.57%, compared to the Computer and Technology sector's loss of 11.12% and the S&P 500's loss of 7.03% [1] Upcoming Financial Results - ServiceNow is projected to report earnings of $3.78 per share, indicating a year-over-year growth of 10.85% [2] - The Zacks Consensus Estimate for revenue is $3.09 billion, representing an 18.55% increase from the previous year [2] Full Year Estimates - Analysts expect ServiceNow to achieve earnings of $16.24 per share and revenue of $13.04 billion for the full year, marking increases of +16.67% and +18.69% respectively from last year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for ServiceNow are important as they reflect changing business trends, with positive revisions indicating optimism about the company's outlook [4] Valuation Metrics - ServiceNow has a Forward P/E ratio of 51.91, significantly higher than the industry average of 21.79, indicating a premium valuation [7] - The company has a PEG ratio of 2.16, compared to the industry average PEG ratio of 2.05 [8] Industry Context - The Computers - IT Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 70, placing it in the top 28% of over 250 industries [9]

ServiceNow (NOW) has strengthened its portfolio with the launch of the Yokohama platform last week. The update brings new AI agents across varied domains, including CRM, HR and IT, delivering enhanced productivity as well as smoother and smarter functioning of workflows. NOW announced the expansion of its Knowledge Graph with advancements to its Common Service Data Model (CSDM), which offers a standardized framework for managing IT and business services. CSDM helps enterprises implement and scale technology ...

Core Insights - Intel appointed Lip-Bu Tan as its new CEO, marking a significant leadership change in the semiconductor industry with all four major chip companies now led by individuals of Chinese descent [3][4] - Tesla plans to reduce the production cost of its Model Y by at least 20% with a new lower-cost version aimed at maintaining its market share in China [9][10][11] - Meta is testing its first internally developed AI training chip to reduce reliance on external suppliers like Nvidia, with plans for large-scale deployment if testing is successful [7][8] - Alphabet's Waymo has expanded its autonomous vehicle service in Silicon Valley, covering a 27-square-mile area [12][13] - SoftBank-backed Wayve is preparing for its commercial debut, focusing on partnerships with global automakers for its driving assistance system [14][15] - Google plans to acquire AdHawk Microsystems for $115 million to enhance its smart glasses development with eye-tracking technology [17][19] - CoreWeave signed a $11.9 billion contract with OpenAI ahead of its IPO, providing AI infrastructure support [26][27] - Niantic Labs is selling its gaming division to Scopely for $3.5 billion, allowing it to focus on its geospatial AI business [28][29] - ServiceNow announced the acquisition of Moveworks for $2.85 billion to enhance its AI capabilities [30][31] - Bolt is expanding into the North American market, competing with Uber by recruiting drivers and launching a localized app [32][33] Company Developments - Intel's new CEO Lip-Bu Tan has a strong background in technology and leadership, previously leading Cadence Design Systems [3][4] - Meta's AI training chip, designed for energy efficiency and optimized for AI tasks, is part of a broader investment in AI infrastructure [7][8] - Tesla's new Model Y variant aims to counter declining market share in China, with a projected price around 210,000 yuan [9][10][11] - Waymo's expansion in Silicon Valley is a significant step in its autonomous driving strategy, with plans for further service area growth [12][13] - Wayve's innovative approach to autonomous driving, focusing on software sales to automakers, distinguishes it in the market [14][15] - Google's acquisition of AdHawk is a strategic move to enhance its capabilities in augmented reality and smart devices [17][19] - CoreWeave's contract with OpenAI is a major development in the AI infrastructure space, indicating strong demand for high-performance computing [26][27] - Niantic's sale to Scopely allows it to pivot towards geospatial technology, supported by significant funding for its new venture [28][29] - ServiceNow's acquisition of Moveworks is aimed at integrating advanced AI solutions into its enterprise platform [30][31] - Bolt's entry into North America reflects its ambition to capture market share in a competitive landscape [32][33] Investment and Financing - Chainguard is seeking new funding with a valuation of $3.5 billion, focusing on software supply chain security [42][43] - Flock Safety completed a $275 million funding round, aiming to enhance its AI-based security solutions [44][45] - Celestial AI raised $250 million to commercialize its photonic technology for AI chip connectivity [46][47] - Insilico Medicine is considering a Hong Kong IPO after raising $110 million, focusing on AI drug development [48][49] - Dexterity completed a $95 million funding round, with a valuation of $1.65 billion, to advance its AI robotics technology [50][51] - Zolve raised $251 million in its largest funding round to date, planning to expand its financial services [52][53] - Terabase Energy secured $130 million to enhance its solar technology deployment [54][55] - Supabase raised over $100 million, achieving a valuation of $2 billion, to expand its developer platform [56][57]

Core Viewpoint - ServiceNow's stock experienced a 4% increase following the release of its latest software platform, which enhances AI agent capabilities, positively impacting investor sentiment [1][2]. Group 1: Software Platform Release - ServiceNow launched its new software platform named Yokohama, featuring preconfigured AI agents that allow users to create and manage their own agents [3]. - The new platform enables coordination of thousands of AI agents across various business functions, including customer relationship management, IT, HR, and finance [5]. Group 2: AI Agent Capabilities - AI agents are anticipated to autonomously resolve 80% of customer service issues by 2029, potentially leading to a 30% reduction in operational costs [4]. - The demand for AI solutions that enhance productivity at scale is increasing among enterprise leaders, as stated by ServiceNow's chief product officer [5]. Group 3: Economic Context - The stock price increase may also be attributed to a softer-than-expected inflation report, with the consumer price index rising 2.8% in February, down from 3% in January [6]. - Investors are reacting positively to the inflation news amid concerns over economic stability due to tariff threats from the Trump administration [6][7].

Shares of ServiceNow Inc. (NOW 3.88%) are surging on Tuesday. The company's stock gained 4.5% as of 2:50 p.m. ET and was up as much as 5.6% earlier in the day. The rise comes as the S&P 500 is up 0.2% and the Nasdaq Composite is up 1%.The artificial intelligence (AI)-driven cloud computing and automation provider announced a major acquisition to bolster its AI capabilities.Agents are comingServiceNow announced it would acquire Moveworks, a business automation company for $2.85 billion in cash and stock. The ...

Core Insights - ServiceNow's stock experienced a significant decline of nearly 8% following the announcement of its acquisition of Moveworks, contrasting with the S&P 500's 2.7% drop [1] - The acquisition deal is valued at $2.85 billion, which will be paid in a mix of cash and stock, although the specific breakdown was not disclosed [2] - The integration of Moveworks' AI technology is expected to enhance ServiceNow's offerings, aiming to improve employee engagement and productivity through advanced AI solutions [3] Acquisition Details - ServiceNow's acquisition of Moveworks is aimed at combining its AI capabilities with Moveworks' front-end AI assistant and search technology [2] - Moveworks has a notable client roster, including companies like Spotify, Broadcom, and Unilever, indicating its strong market presence [3] Market Reaction - The market's negative response to the Moveworks acquisition contrasts with the positive reaction to ServiceNow's previous acquisition of Quality 360, which resulted in a stock price increase [4] - Concerns among investors regarding the high acquisition cost of $2.85 billion, which is nearly equivalent to ServiceNow's projected non-GAAP net income for full-year 2024, have contributed to the stock's decline [5] - There is growing apprehension about the potential returns on heavy investments in AI by tech companies amid the current AI market boom [5]

ServiceNow said on Monday that it has agreed to acquire Moveworks, which develops enterprise-focused automation and AI tools.ServiceNow will pay $2.85 billion for Moveworks in a mix of cash and stock. The former expects the deal to close in the second half of 2025. Bloomberg reported the deal late on Sunday night. As of June 2021, Moveworks was valued at $2.1 billion. “With the acquisition of Moveworks, ServiceNow will take another giant leap forward in agentic AI-powered business transformation,” ServiceN ...

TORONTO, March 10, 2025 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (TSXV: NOW) ("NowVertical" or the "Company"), a leading data and AI solutions provider, today announced the next phase of its strategic growth plan, as the benefits of its integration efforts begin to drive tangible results. In addition, NowVertical is pleased to announce that it has entered into debt settlement agreements (the “Agreements”) with certain employees of the Company. Integration and Growth Since its inception, NowVertical has un ...

Core Viewpoint - The article discusses the investment positions and recommendations of The Motley Fool, particularly highlighting ServiceNow as a recommended stock [1] Group 1 - Parkev Tatevosian, CFA, has no position in any of the stocks mentioned in the article [1] - The Motley Fool has positions in and recommends ServiceNow, indicating a positive outlook on the company's performance [1] - The Motley Fool has a disclosure policy regarding its investment recommendations and affiliations [1]

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]