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Here’s What Impacted ServiceNow (NOW) in Q3
Yahoo Finance· 2025-11-03 13:52
Core Insights - Columbia Threadneedle Investments reported a 12.06% return for its Columbia Global Technology Growth Fund in Q3 2025, slightly below the S&P Global 1200 Information Technology Index's return of 12.82% [1] - The fund's performance was positively influenced by stock selection, particularly in the context of strong earnings growth and enthusiasm for artificial intelligence [1] Company Performance - ServiceNow, Inc. (NYSE:NOW) experienced a one-month return of 0.71% and a 52-week decline of 3.70%, closing at $919.28 per share with a market capitalization of $191.349 billion on October 31, 2025 [2] - The company reported third-quarter subscription revenues of $3.299 billion, reflecting a 20.5% year-over-year growth in constant currency [4] Strategic Positioning - ServiceNow's recent underperformance was attributed to cautious guidance that raised concerns about delayed renewal deals from large clients [3] - Despite challenges, ServiceNow's AI innovations are gaining traction, positioning the company as a next-gen workflow and AI orchestration platform [3]