There is no doubt that ServiceNow is one of the best cloud companies in the world. Californians exceeded analyst expectations almost every quarter and set new records. Over the years, this share has been in a perfect upward trend. Now, the newspaper has broken a new record.
After experiencing a brilliant rebound, ServiceNow’s share has been in a horizontal trend since the end of July. On Monday, the stock finally broke through the important resistance level of $454.70, triggering a strong buy signal. Yesterday it was confirmed again: ServiceNow’s stock rose at a price of 6.5% to close at a record high of $487.70, bringing the transaction to a close.
The strong performance of this share is supported by ServiceNow’s operational development. The last quarter’s figures for software providers are sufficient to prove this.
Strong numbers in the third quarter
Overall, ServiceNow’s earnings per share were $1.23, an increase of 73% over the previous year. The average analyst expectation is $1.01.
Sales were 1.08 billion US dollars, an increase of 24% over the previous year. The average analyst forecast is $1.01 billion.
Subscription sales increased significantly (32%), reaching 1.02 billion USD, again impressive.
Shareholders are optimistic about ServiceNow. Investors on the sidelines can visit it at any time. Don’t lose control of your investment.
DERAKTIONÄR recommends a turbocharged warranty in the printed version 22/20 of ServiceNow. Since then, the bill has doubled. Shareholders have now pulled the stop loss to 0.75 euros.
Explanation of possible conflicts of interest:
The author Emil Jusifov directly took a position on the following financial instruments mentioned in the publication or related derivatives that could benefit from any resulting price increases: ServiceNow.
.
#ServiceNow #months
More from Source