ServiceNow Inc Sets New 1-Year High at $58.85 (NOW)
ServiceNow (NYSE:NOW) set a new 52-week high during mid-day trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as high as $58.85 and last traded at $57.93, with a volume of 1,847,258 shares. The stock had previously closed at $55.73.
A number of analysts have recently weighed in on NOW shares. Analysts at FBN Securities raised their price target on shares of ServiceNow from $55.00 to $65.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of ServiceNow from $35.00 to $40.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of ServiceNow from $56.00 to $65.00 in a research note to investors on Thursday, October 24th. They now have a “positive” rating on the stock. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. ServiceNow presently has an average rating of “Buy” and a consensus target price of $57.54.
In other ServiceNow news, CEO Frank Slootman unloaded 40,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $55.65, for a total transaction of $2,226,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
ServiceNow has a 1-year low of $25.54 and a 1-year high of $58.41. The stock’s 50-day moving average is $53.02 and its 200-day moving average is $49.13. The company’s market cap is $8.016 billion.
ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 73.1% on a year-over-year basis. On average, analysts predict that ServiceNow will post $-0.07 earnings per share for the current fiscal year.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
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