3 Reasons to Hold ServiceNow Stock Despite a 42% Decline in 3 Months
ZACKS· 2026-02-09 19:35
Core Insights - ServiceNow's shares have declined by 41.9% over the past three months, underperforming the broader Computer and Technology sector and the Financial-Miscellaneous Services industry [2][3] - Concerns regarding short-term growth, rising AI and cloud spending, and acquisition integration risks have contributed to the stock's decline [3][10] - Despite the downturn, ServiceNow's fundamentals indicate potential for a hold position, supported by strong AI adoption and a discounted valuation [8][20] Company Performance - ServiceNow's stock has underperformed compared to competitors like SAP, Microsoft, and Salesforce, which saw declines of 19.3%, 20.8%, and 20.9% respectively [4] - The company is experiencing increased adoption of its AI-native products, with Now Assist exceeding $600 million in Annual Contract Value (ACV) and new ACV more than doubling year over year [9][10] - The growth in AI adoption is translating into platform expansion, with enterprises increasing AI use for customer service and operations [11] Competitive Landscape - Competitors such as SAP, Salesforce, and Microsoft are embedding service management and workflow automation into their larger enterprise platforms, posing challenges for ServiceNow [5] - ServiceNow is leveraging a rapidly expanding partner ecosystem, including collaborations with Microsoft, OpenAI, and industry-specific alliances, to enhance AI adoption and interoperability [12][13] Valuation and Market Position - ServiceNow's valuation remains attractive, with a forward 12-month Price/Sales (P/S) multiple of 6.48X compared to the industry average of 13.88X, indicating potential for appreciation [14] - The company is facing pressures from elevated AI spending, acquisition integration risks, and weak technical momentum, which may impact margins and investor sentiment in the near term [20]
How crypto's 2026 slide is dragging ETFs, according to GraniteShares CEO Will Rhind
Youtube· 2026-02-09 19:34
And we're back on halftime. I'm Mackenzie Seagalis with your ETF edge. The recent hard slide in major cryptocurrencies has investors re-examining the entire ecosystem, including the ETFs that track them.Instruments tied to digital assets were expected to be a major source of innovation and expansion for the ETF industry in 2026. Now, that's all in question. Joining me is Will Rin, founder and CEO of Granite Shares.Well, of course there's the general riskoff mentality happening here, but is there more that d ...
Apollo Global Stock Up as Q4 Earnings Top Estimates, AUM Increases Y/Y
ZACKS· 2026-02-09 19:31
Key Takeaways Apollo Global posted Q4 ANI of $2.47 per share, beating estimates and topping the prior-year quarter.APO shares rose nearly 2.6% early after results, supported by a 30.3% year-over-year jump in revenues.APO's total AUM climbed 24.9% year over year to $938 billion, fueled by strong asset management inflows.Apollo Global Management, LLC’s (APO) fourth-quarter 2025 adjusted net income (ANI) per share of $2.47 surpassed the Zacks Consensus Estimate of $2.03. Further, the reported figure compared f ...
2 Internet Content Stocks to Buy From a Prospering Industry
ZACKS· 2026-02-09 19:31
Core Insights - The Zacks Internet - Content industry is experiencing growth due to strong demand for digital offerings, video content, and cloud-based applications, aided by advancements in AI and Generative AI [1][3] - Despite growth opportunities, the industry faces challenges from macroeconomic conditions affecting advertising spending, which is a primary revenue source [1][4] Industry Description - The industry includes providers of video encoding platforms, Internet content, staffing services, and online travel companies, among others, and is undergoing rapid digitalization [2] - Advertising remains a major revenue source, prompting companies to enhance their digital presence across various platforms [2] Trends - There is a growing demand for digital offerings driven by technological advancements and the proliferation of smart devices [3] - The industry is characterized by frequent product introductions and evolving consumer behavior [3] Advertising and Revenue - Marketing efforts are focused on increasing website traffic, with advertising and subscriptions being key revenue sources [4] - Consumer spending trends, particularly during holidays, significantly influence revenue, although macroeconomic challenges are expected to impact ad spending in the near term [4] Regulatory Environment - Increased regulatory pressures, especially in China and the EU, are affecting industry participants, particularly regarding advertising practices [5] - The implementation of the General Data Protection Regulation and the Digital Markets Act in the EU adds to the challenges faced by online content providers [5] Industry Ranking - The Zacks Internet - Content industry holds a Zacks Industry Rank of 55, placing it in the top 23% of over 250 Zacks industries, indicating a generally positive outlook [6] - However, the near-term prospects are considered dim, with the industry underperforming compared to the broader market [7][10] Earnings Outlook - Analysts show optimism regarding the industry's earnings growth potential, with a 4.1% increase in the Zacks Consensus Estimate for 2026 earnings since November 30, 2025 [8] Stock Performance - The industry has underperformed the S&P 500 and the broader Zacks Computer and Technology sector over the past year, with a decline of 40.3% compared to the S&P 500's increase of 16.8% [10] Valuation - The industry is currently trading at a trailing 12-month price-to-sales ratio of 3.66X, lower than the S&P 500's 6.61X and the sector's 8.32X [13] Company Highlights - **RELX**: A Zacks Rank 1 (Strong Buy) company benefiting from a shift towards higher growth analytics and decision tools, with a steady earnings estimate of $1.95 per share for 2026 [16][17] - **Yelp**: A Zacks Rank 2 (Buy) stock experiencing growth from increased ad spending and consumer traffic, with a steady earnings estimate of $2.39 per share for 2026 [20][21]
Investor Notice: Shareholder Rights Law Firm Robbins LLP Informs Investors of the Inovio Pharmaceuticals, Inc. Class Action Lawsuit
Businesswire· 2026-02-09 19:30
SAN DIEGO--(BUSINESS WIRE)--Robbins LLP informs stockholders that a class action was filed on behalf of all persons that purchased or otherwise acquired Inovio Pharmaceuticals, Inc. (NASDAQ: INO) securities between October 10, 2023 and December 26, 2025. Inovio is a biotechnology company focused on the discovery, development, and commercialization of DNA medicines to treat and protect people from diseases associated with, inter alia, human papillomavirus ("HPV†). Robbins LLP is Investigating Allegations t ...
Instagram is internally testing a new Snapchat rival app
Business Insider· 2026-02-09 19:30
Hey Meta, are you also nostalgic for 2016? As social media users wax poetic and share throwbacks about the social media heyday of 2016, it seems Meta wants to revive a piece of it.The tech giant is working on an internal prototype of a new stand-alone app for sending disappearing photos, a spokesperson confirmed to Business Insider. Yes, that does sound like Snapchat's original premise.According to a screenshot shared by mobile developer Alessandro Paluzzi, who reverse engineers Instagram to reveal protot ...
OVI Mining Corp. Files Early Warning Report for Lux Metals Corp
TMX Newsfile· 2026-02-09 19:26
Montreal, Quebec--(Newsfile Corp. - February 9, 2026) - OVI Mining Corp. (formerly La Pulga Mining Corp.) (the "Company" or "OVI") announces that, on February 6, 2026, it acquired 15,125,477 common shares (the "Shares") of Lux Metals Corp. (TSXV: LXM) ("Lux") at a deemed price of $0.20 per common share. The Shares were acquired in the context of the exercised by Lux of its option to acquire a 100% interest in the La Grande Project pursuant to the terms of an option agreement (the "Option Agreement") entere ...
Carlyle Shares Gain 5.9% as Q4 Earnings Meet Estimates, AUM Rises Y/Y
ZACKS· 2026-02-09 19:25
Key Takeaways CG shares rose 5.9% as Q4 post-tax distributable EPS of $1.01 met estimates and beat last year's result.Carlyle's Q4 segment revenue rose 15.1% to $1.09B, driven by higher fees and performance revenue growth.CG's total AUM increased 8.1% Y/Y to $476.9B, though a 16.1% rise in expenses remained a headwind.Shares of The Carlyle Group Inc. (CG) gained 5.9% during Friday’s trading session as fourth-quarter 2025 post-tax distributable earnings per share of $1.01 matched the Zacks Consensus Estimate ...
Investor Notice: Shareholder Rights Law Firm Robbins LLP Informs Investors of the Masonite International Corporation (k/n/a Owens Corning's Doors) Securities Class Action Lawsuit
Businesswire· 2026-02-09 19:24
SAN DIEGO--(BUSINESS WIRE)---- $DOOR #Doors--Robbins LLP informs stockholders that a class action was filed on behalf of all sellers of Masonite International Corporation (NYSE: DOOR) (k/n/a Owens Corning's Doors) common stock between June 5, 2023 and February 8, 2024. Masonite is a leading global designer, manufacturer, marketer, and distributor of interior and exterior doors and door solutions for the residential and non-residential building construction markets' new construction and repair, renovation an ...
Akwaaba Mining Mourns the Passing of Board Member Heidy Arocha Rodriguez
TMX Newsfile· 2026-02-09 19:24
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2026) - Akwaaba Mining Ltd. (TSXV: AML) ("Akwaaba" or the "Company") with profound sadness, announces the passing of Heidy Arocha Rodriguez, a distinguished member of our Board of Directors, who passed away on February 7, 2026.Allan Green, Chairman of the Board, issued the following statement:"On behalf of the entire Board and the employees of Akwaaba, I want to extend our deepest condolences to Heidy's family and loved ones. Heidy was more than ju ...