News articles about ServiceNow (NYSE:NOW) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ServiceNow earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the information technology services provider an impact score of 45.7048893874652 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Tenable and ServiceNow Form Strategic Security Alliance to Reduce Cyber Risk (finance.yahoo.com)
- Suntrust Banks Inc. Purchases 1,991 Shares of ServiceNow Inc (NOW) (americanbankingnews.com)
- Carillon Tower Advisers Inc. Purchases New Stake in ServiceNow Inc (NOW) (americanbankingnews.com)
- ServiceNow Inc (NOW) Insider Chirantan Jitendra Desai Sells 30,000 Shares (americanbankingnews.com)
- DevSecOps Leader Cavirin Systems Appoints Brajesh Goyal as Vice President of Engineering (bizjournals.com)
A number of equities analysts recently weighed in on NOW shares. Mizuho reissued a “buy” rating and issued a $160.00 price target (up previously from $140.00) on shares of ServiceNow in a research note on Monday, January 22nd. JPMorgan Chase & Co. cut ServiceNow from an “overweight” rating to a “neutral” rating and set a $138.00 price target on the stock. in a research note on Tuesday, December 12th. BMO Capital Markets lifted their target price on ServiceNow from $133.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Cowen reaffirmed a “buy” rating and set a $160.00 target price on shares of ServiceNow in a research note on Monday, December 11th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $170.00 target price on shares of ServiceNow in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. ServiceNow has an average rating of “Buy” and a consensus target price of $149.72.
ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $546.37 million during the quarter, compared to analysts’ expectations of $532.74 million. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. analysts predict that ServiceNow will post 0.1 EPS for the current fiscal year.
In related news, Director Frederic B. Luddy sold 170,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $129.43, for a total value of $22,003,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anita M. Sands sold 1,636 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $150.51, for a total value of $246,234.36. Following the completion of the sale, the director now directly owns 12,704 shares of the company’s stock, valued at approximately $1,912,079.04. The disclosure for this sale can be found here. In the last three months, insiders sold 522,747 shares of company stock valued at $73,348,429. 3.30% of the stock is currently owned by company insiders.
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ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.
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