Why ServiceNow Stock Was Sliding Today

Shares of the IT giant pulled back on disappointing guidance.Shares of ServiceNow (NOW -5.25%) were moving lower today after the software-as-a-service company beat estimates in its first-quarter earnings report but offered revenue guidance for the full year that was slightly below analyst expectations. Additionally, there may be concerns about its valuation getting stretched after the stock had run up in the last several months, so it was easy for a slight miss to prompt a sell-off. As a result, the stock w ...