ServiceNow (NOW) Given Daily News Sentiment Score of 0.19

Media coverage about ServiceNow (NYSE:NOW) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ServiceNow earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the information technology services provider an impact score of 45.5992793838165 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s scoring:

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A number of equities analysts have recently commented on NOW shares. JPMorgan Chase & Co. cut shares of ServiceNow from an “overweight” rating to a “neutral” rating and set a $138.00 target price on the stock. in a report on Tuesday, December 12th. Cowen reaffirmed a “buy” rating and issued a $160.00 target price on shares of ServiceNow in a report on Monday, December 11th. Barclays reaffirmed a “buy” rating and issued a $150.00 target price on shares of ServiceNow in a report on Monday, January 15th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $160.00 target price on shares of ServiceNow in a report on Tuesday, January 16th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $160.00 target price (up from $138.00) on shares of ServiceNow in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $155.24.

NOW stock traded down $3.99 during trading hours on Friday, hitting $164.77. 1,992,644 shares of the stock were exchanged, compared to its average volume of 1,949,962. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.15. ServiceNow has a fifty-two week low of $83.42 and a fifty-two week high of $176.56. The firm has a market cap of $29,482.37, a PE ratio of -189.39, a PEG ratio of 37.66 and a beta of 1.14.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. ServiceNow had a negative net margin of 7.71% and a negative return on equity of 23.78%. The business had revenue of $546.37 million for the quarter, compared to analysts’ expectations of $532.74 million. During the same period in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 41.7% on a year-over-year basis. analysts forecast that ServiceNow will post 0.1 EPS for the current year.

In other news, Director Frederic B. Luddy sold 32,500 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $173.95, for a total transaction of $5,653,375.00. Following the transaction, the director now directly owns 260,791 shares of the company’s stock, valued at approximately $45,364,594.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frederic B. Luddy sold 100,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $135.37, for a total transaction of $13,537,000.00. Following the transaction, the director now directly owns 240,000 shares in the company, valued at $32,488,800. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 490,308 shares of company stock worth $73,834,398. Corporate insiders own 3.30% of the company’s stock.

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About ServiceNow

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.

Insider Buying and Selling by Quarter for ServiceNow (NYSE:NOW)

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