ServiceNow (NOW) Earning Somewhat Positive News Coverage, Analysis Finds

News headlines about ServiceNow (NYSE:NOW) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ServiceNow earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the information technology services provider an impact score of 44.5113049102804 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern’s analysis:

A number of equities analysts recently issued reports on NOW shares. Mizuho reiterated a “buy” rating on shares of ServiceNow in a research report on Monday, October 16th. BMO Capital Markets reiterated a “buy” rating and issued a $127.00 target price on shares of ServiceNow in a research report on Friday, October 13th. Robert W. Baird set a $120.00 target price on shares of ServiceNow and gave the company a “buy” rating in a research report on Friday, October 6th. Northland Securities reiterated a “buy” rating and issued a $135.00 target price on shares of ServiceNow in a research report on Thursday, October 19th. Finally, Deutsche Bank increased their target price on shares of ServiceNow from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-eight have issued a buy rating and three have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $133.73.

ServiceNow (NYSE:NOW) traded up $0.34 during trading hours on Thursday, hitting $141.13. 1,292,768 shares of the stock traded hands, compared to its average volume of 1,574,058. ServiceNow has a one year low of $82.14 and a one year high of $141.66. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $24,040.00, a price-to-earnings ratio of -155.09 and a beta of 1.06.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.06. ServiceNow had a negative net margin of 8.68% and a negative return on equity of 22.11%. The company had revenue of $498.20 million during the quarter, compared to analyst estimates of $491.62 million. During the same quarter last year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. equities analysts forecast that ServiceNow will post -0.35 earnings per share for the current year.

In other ServiceNow news, Director Frank Slootman sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $125.96, for a total value of $18,894,000.00. Following the completion of the transaction, the director now directly owns 216,535 shares in the company, valued at $27,274,748.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO David Schneider sold 16,349 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $124.21, for a total transaction of $2,030,709.29. Following the completion of the transaction, the executive now owns 67,185 shares of the company’s stock, valued at $8,345,048.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 630,174 shares of company stock valued at $80,823,650. Corporate insiders own 3.30% of the company’s stock.

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ServiceNow Company Profile

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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