This Is Why ServiceNow Stock Plunged Today
ServiceNow (NYSE: NOW) is one of the most well-known software companies. It is in the cloud and data storage industry, so it has been quite a hot name over the past few months. In fact, NOW stock is still up 25% despite the recent decline.
Why ServiceNow (NOW) Shares Are Plunging Today
Shares of enterprise workflow software maker ServiceNow (NYSE:NOW) fell 13% in the morning session after the company reported fourth quarter results: With shares up roughly 20% in the last three months (before this print) and the stock making a 52-week high just earlier this week,
Why ServiceNow Stock Is Plummeting Today
For the current quarter, ServiceNow is guiding for sales to come in between $2.995 billion and $3 billion -- representing growth of 18.75% year over year at the midpoint of the target. Remaining performance obligations at the end of the period are projected to be up 19.5%.
ServiceNow Stock Plunges on Slowing Subscription Revenue Growth Forecast
KEY TAKEAWAYS Shares of ServiceNow tanked 12% in intraday Thursday, as the software and IT services provider posted slower subscription revenue growth than it had forecast earlier and projected a slight decline in first-quarter growth.
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ServiceNow Stock Drops On 2025 Outlook As Analysts Boost Price Targets
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ServiceNow Stock Falls as Revenue Comes In Shy of Estimates. AI Demand Stays Strong.
ServiceNow reported a mixed fourth quarter, forecasting subscription revenue that was just shy of Wall Street estimates.
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