ServiceNow (NOW) to Release Earnings on Wednesday
ServiceNow (NYSE:NOW) will be issuing its quarterly earnings data on Wednesday, January 29th. Parties that are interested in registering for the company’s conference call can do so using this link.
Shares of ServiceNow (NYSE:NOW) opened at 58.00 on Tuesday. ServiceNow has a 52-week low of $25.71 and a 52-week high of $63.04. The stock has a 50-day moving average of $55.82 and a 200-day moving average of $50.96. The company’s market cap is $8.047 billion.
NOW has been the subject of a number of recent research reports. Analysts at Mizuho raised their price target on shares of ServiceNow from $60.00 to $70.00 in a research note to investors on Thursday, January 23rd. They now have a “buy” rating on the stock. On a related note, analysts at Maxim Group raised their price target on shares of ServiceNow from $62.00 to $65.00 in a research note to investors on Tuesday, January 21st. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of ServiceNow from $60.00 to $70.00 in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $59.38.
In other ServiceNow news, SVP Daniel Mcgee unloaded 25,000 shares of the stock on the open market in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $59.05, for a total transaction of $1,476,250.00. Following the completion of the sale, the senior vice president now directly owns 34,465 shares in the company, valued at approximately $2,035,158. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
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