ServiceNow Inc (NOW) Updates Q4 Earnings Guidance
ServiceNow Inc (NYSE:NOW) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.02) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.00, AnalystRatings.Net reports. The company issued revenue guidance of $119-121 million, compared to the consensus revenue estimate of $115.72 million.
ServiceNow Inc (NYSE:NOW) traded down 2.07% on Wednesday, hitting $52.96. The stock had a trading volume of 1,418,262 shares. ServiceNow Inc has a 52 week low of $25.54 and a 52 week high of $50.35. The stock’s 50-day moving average is $45.42 and its 200-day moving average is $40.25. The company’s market cap is $7.245 billion.
ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.03. The company had revenue of $111.30 million for the quarter, compared to the consensus estimate of $105.33 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 73.1% on a year-over-year basis. On average, analysts predict that ServiceNow Inc will post $-0.09 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on NOW shares. Analysts at Janney Montgomery Scott initiated coverage on shares of ServiceNow in a research note to investors on Tuesday, October 8th. They set a neutral rating and a $53.25 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of ServiceNow from $52.00 to $60.00 in a research note to investors on Monday, October 7th. They now have an overweight rating on the stock. Finally, analysts at Northland Securities upgraded shares of ServiceNow from a market perform rating to an outperform rating in a research note to investors on Friday, October 4th. They now have a $62.00 price target on the stock, up previously from $42.50. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $52.14.
In other ServiceNow news, SVP David Schneider unloaded 25,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $50.54, for a total transaction of $1,288,770.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
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