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 ...

CHICAGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- K2 Services, a leading provider of comprehensive managed IT services for the legal industry, today announces the company is deepening its partnership with ServiceNow. This alliance brings streamlined operations, accelerated productivity and workflow efficiencies to law firms. ServiceNow is an intelligent platform that integrates across systems and puts AI to work to automate and organize tasks, enabling people to do value-added work. With this enriched partnership, ...

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]

Q2 2024 Financial Performance - Subscription revenues reached $2542 million, a 23% year-over-year increase [25] - Current Remaining Performance Obligations (cRPO) amounted to $878 billion, reflecting a 22% year-over-year growth [25] - Remaining Performance Obligations (RPO) totaled $186 billion, demonstrating a 31% year-over-year increase [25] - Non-GAAP Operating Margin stood at 27%, a ~200bps increase [25] - Non-GAAP Free Cash Flow Margin was 14% [25] FY2024 Guidance - Subscription revenues are projected to be between $10575 million and $10585 million, representing a 22% year-over-year increase [9] - Non-GAAP Subscription Gross Margin is expected to be 845% [9] - Non-GAAP Operating Margin is anticipated to be 295%, a ~200bps increase [9] - Non-GAAP Free Cash Flow Margin is forecasted at 31%, a ~50bps increase [9] Subscription Revenue Growth Trends - Q2-24 Non-GAAP Constant Currency Subscription Revenues were $2552 million [12] - The company has 1988 customers with over $1 million in ACV [41]

The reported revenue compares to the Zacks Consensus Estimate of $2.61 billion, representing a surprise of +0.79%. The company delivered an EPS surprise of +9.82%, with the consensus EPS estimate being $2.85. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Current Remaining Performance Obligations(cRPO) - GAAP: $8.78 billion versus $ ...

What looked like a simple continuation of a market sell-off this morning got worse. I mean, it clearly did. Only the small-cap Russell 2000 spent any time in green at all today — and that was more a minute or two early in the session. The Dow, S&P 500 and the Nasdaq all closed near session lows. The Dow dropped -504 points, -1.25% — and it got off easy. The S&P 500 fell -2.31%, the Russell was down -2.13% and the Nasdaq really hit the skids today, -654 points or -3.64%. S&P flash PMI for July Services and M ...

Table of Contents FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-35580 Not Applicable (Former name, former address and formal fiscal year, if changed since last report) Title of each class Trading Symbol Name of each exchange on which registered Common stock, par value $0.001 per share NOW T ...