Analysts predict that ServiceNow, Inc. (NYSE: NOW-Get Rating) will post sales of $ 1.69 billion for the current quarter, according to Zacks. Ten analysts released estimates for ServiceNow’s earnings. The highest estimated sales were $ 1.71 billion and the lowest was $ 1.68 billion. ServiceNow posted sales of $ 1.36 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 24.3%. The company is expected to report its next earnings report after the market closes on Monday, January 1st.
On average, analysts expect ServiceNow to report full-year sales of $ 7.39 billion for the current financial year, with estimates ranging from $ 7.31 billion to $ 7.42 billion. For next year, analysts expect the company to post sales of $ 9.18 billion, with estimates ranging from $ 9.08 billion to $ 9.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of selling -side research analysts following ServiceNow.
ServiceNow (NYSE: NOW-Get Rating) last released its quarterly earnings data on Wednesday, January 26th. The information technology service provider reported $ 0.29 earnings per share (EPS) for the quarter, beating analysts ’consensus estimates of $ 0.22 by $ 0.07. ServiceNow had a return on equity of 9.43% and a net margin of 3.90%. The business had revenue of $ 1.61 billion for the quarter, compared to analysts ’expectations of $ 1.60 billion. At the same time last year, the business posted $ 0.16 revenue per share.
Some brokerages have released reports NOW. Piper Sandler upgraded ServiceNow from a “neutral” rating to an “overweight” rating and set a $ 650.00 target price on the stock in a report on Thursday, January 27th. Robert W. Baird lowered their price target on ServiceNow from $ 650.00 to $ 600.00 in a research report on Thursday, January 27th. BNP Paribas downgraded ServiceNow from a “neutral” rating to an “underperform” rating and set a $ 460.00 target price on the stock. in a research report on Tuesday, March 29th. Mizuho raised their target price on ServiceNow from $ 615.00 to $ 650.00 and gave the stock a “buy” rating in a research report on Thursday, January 27th. Finally, Canaccord Genuity Group lowered their target price on ServiceNow from $ 715.00 to $ 615.00 in a research report on Thursday, January 27th. Two investment analysts rated the stock with a sell rating, three gave a hold rating and twenty-seven assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average “Buy” rating and an average target price of $ 684.84.
In related news, General Counsel Russell S. Elmer sold 2,092 shares of the company’s stock in a transaction dated Monday, Feb. 7th. The stock was sold at an average price of $ 577.99, for a total transaction of $ 1,209,155.08. The sale is disclosed in a document filed with the SEC, which is accessible via this hyperlink. Also, CFO Gina Mastantuono sold 193 shares of the stock in a transaction that took place on Tuesday, April 12th. The stock was sold at an average price of $ 525.00, for a total value of $ 101,325.00. Following the completion of the sale, the chief financial officer now directly owns 4,011 shares of the company’s stock, valued at $ 2,105,775. The disclosure for this sale can be found here. Insiders sold a total of 32,141 shares of the company’s stock worth $ 18,355,758 in the last quarter. Corporate insiders own 0.35% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its stake in ServiceNow by 3.9% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 431 shares of the information technology services provider’s stock worth $ 268,000 after purchasing an additional 16 shares during the period. Nwam LLC raised its position on ServiceNow by 4.5% in the third quarter. Nwam LLC now owns 415 shares of the information technology services provider’s stock worth $ 258,000 after buying an additional 18 shares in the last quarter. Baystate Wealth Management LLC raised its position on ServiceNow by 60.0% in the third quarter. Baystate Wealth Management LLC now owns 48 shares of the information technology services provider’s stock worth $ 30,000 after buying an additional 18 shares in the last quarter. Eagle Bay Advisors LLC raised its position on ServiceNow by 75.0% in the third quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after buying an additional 18 shares in the last quarter. Finally, Cavalier Investments LLC raised its position on ServiceNow by 0.7% in the fourth quarter. Cavalier Investments LLC now owns 2,475 shares of the information technology services provider’s stock worth $ 1,607,000 after buying an additional 18 shares in the last quarter. 86.63% of the stock is owned by hedge funds and other institutional investors.
Shares of NOW stock traded $ 16.92 during trading hours on Friday, reaching $ 514.45. 15,107 shares of the company’s stock were traded, compared to its average volume of 1,783,282. The stock’s 50-day moving average is $ 554.83 and its 200-day moving average is $ 601.35. The stock has a market cap of $ 102.89 billion, a price-to-earnings ratio of 432.59, a price-to-earnings-growth ratio of 9.72 and a beta of 1.04. ServiceNow has a 52 week low of $ 448.27 and a 52 week high of $ 707.60. The company has a debt-to-equity ratio of 0.40, current ratio of 1.05 and quick ratio of 1.05.
ServiceNow Company Profile (Get a Rating)
ServiceNow, Inc. provides enterprise cloud computing solutions that define, develop, integrate, manage, and automate services for businesses around the world. It runs the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.
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