Somewhat Favorable Press Coverage Somewhat Unlikely to Affect ServiceNow (NOW) Stock Price

News stories about ServiceNow (NYSE:NOW) have been trending somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ServiceNow earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 45.8584471662256 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

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Shares of NOW traded up $5.09 during midday trading on Tuesday, reaching $174.54. The stock had a trading volume of 1,700,487 shares, compared to its average volume of 1,941,538. ServiceNow has a 52 week low of $85.93 and a 52 week high of $176.56. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $29,157.43, a PE ratio of -166.23, a P/E/G ratio of 37.25 and a beta of 1.08.

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

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on ServiceNow from $120.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Barclays boosted their price target on ServiceNow from $158.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. Mizuho reiterated a “buy” rating and set a $190.00 price target on shares of ServiceNow in a research report on Thursday, March 15th. Argus boosted their price target on ServiceNow to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, March 13th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $165.00 price target on shares of ServiceNow in a research report on Sunday, February 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-eight have assigned a buy rating and three have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $155.93.

In other news, Director Anita M. Sands sold 1,636 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $150.51, for a total transaction of $246,234.36. Following the sale, the director now directly owns 12,704 shares of the company’s stock, valued at $1,912,079.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Bostrom sold 19,673 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $142.24, for a total value of $2,798,287.52. Following the sale, the director now directly owns 7,079 shares in the company, valued at $1,006,916.96. The disclosure for this sale can be found here. Insiders have sold 490,308 shares of company stock worth $76,422,398 over the last ninety days. 3.30% of the stock is owned by insiders.

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About ServiceNow

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.

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

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