ServiceNow said on Monday it would buy artificial intelligence company Moveworks for $2.85 billion, marking the software maker's largest-ever acquisition as it looks to expand its product portfolio and attract more customers.
ServiceNow said on Monday that it has agreed to acquire Moveworks, which develops enterprise-focused automation and AI tools.
ServiceNow (NOW -1.90%) utilizes artificial intelligence to help enterprises improve operations.
In the closing of the recent trading day, ServiceNow (NOW) stood at $850.63, denoting a -1.9% change from the preceding trading day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
ServiceNow (NOW) closed at $929.76 in the latest trading session, marking a +0.96% move from the prior day.
Business software specialist ServiceNow (NOW 2.13%) announced a piece of business on Wednesday, and the market rewarded the company for it. The stock ended that day's trading session more than 2% higher, in contrast to the flat performance of the S&P 500 index.
ServiceNow (NOW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Zacks.com users have recently been watching ServiceNow (NOW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
NOW's near-term results are expected to suffer from unfavorable forex and sluggish Agentic AI revenues despite a strong portfolio and partner base.
The recent 10% pullback in ServiceNow stock could be a buying opportunity for long-term growth investors, despite slightly missing guidance estimates. ServiceNow is a leader in AI innovation and automation, with a growing TAM and strong customer base, including many Fortune 500 companies. Despite high valuation, NOW's industry leadership, strong margins, and cash flow make it a compelling investment with significant upside potential.
ServiceNow's Q4 subscription revenue grew 21% YoY with 97% of revenue from subscriptions and a 98% renewal rate, demonstrating strong customer retention. The company has strategically integrated AI into their offerings which enhancing its platform with advanced AI capabilities, boosting product value and customer ROI. Despite soft guidance for FY2025, ServiceNow's AI products are growing rapidly, with new partnerships and innovative AI solutions like the AI Agent Orchestrator.