ServiceNow (NOW) Given Coverage Optimism Score of 0.18

Media coverage about ServiceNow (NYSE:NOW) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ServiceNow earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media coverage about the information technology services provider an impact score of 44.3653369038217 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of equities research analysts recently weighed in on NOW shares. UBS Group boosted their price objective on shares of ServiceNow from $128.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research cut shares of ServiceNow from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. JPMorgan Chase & Co. cut shares of ServiceNow from an “overweight” rating to a “neutral” rating and set a $138.00 target price for the company. in a research report on Tuesday, December 12th. Cowen reiterated a “buy” rating and issued a $160.00 price objective on shares of ServiceNow in a report on Monday, December 11th. Finally, Mizuho reiterated a “buy” rating and issued a $160.00 price objective (up from $140.00) on shares of ServiceNow in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $148.97.

ServiceNow (NYSE NOW) traded down $0.14 during trading on Wednesday, reaching $147.41. 1,107,869 shares of the company’s stock traded hands, compared to its average volume of 1,974,604. The firm has a market cap of $25,428.35, a price-to-earnings ratio of -170.35, a PEG ratio of 31.31 and a beta of 1.26. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.10. ServiceNow has a 1 year low of $83.42 and a 1 year high of $157.00.

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, hitting the Thomson Reuters’ consensus estimate of $0.35. ServiceNow had a negative net margin of 7.71% and a negative return on equity of 24.97%. The company had revenue of $546.37 million for the quarter, compared to analyst estimates of $532.74 million. During the same quarter in the prior year, the business posted $0.25 EPS. ServiceNow’s quarterly revenue was up 41.7% on a year-over-year basis. research analysts expect that ServiceNow will post 0.1 EPS for the current fiscal year.

In related news, Director Frederic B. Luddy sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $125.34, for a total value of $6,267,000.00. Following the transaction, the director now directly owns 400 shares in the company, valued at approximately $50,136. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Scarpelli sold 95,035 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $126.52, for a total transaction of $12,023,828.20. Following the completion of the transaction, the insider now owns 194,664 shares in the company, valued at $24,628,889.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 536,344 shares of company stock worth $71,502,450. 3.30% of the stock is currently owned by company insiders.

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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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