Shares of ServiceNow Inc (NYSE:NOW) are sharply lower this morning, after reports that the software name is in talks to acquire cybersecurity startup Armis for $7 billion as early as this week.
ServiceNow stock was falling following a report that it could be about to make its largest ever acquisition.
Workflow automation platform ServiceNow is reportedly in advanced discussions to purchase cybersecurity startup Armis. The deal, which could be worth up to $7 billion, could be announced in the coming days and comes in the wake of Armis' preparations for an initial public offering (IPO), Bloomberg News reported Sunday (Dec.
Software company ServiceNow could announce plans to acquire startup Armis as soon as this week in a potential $7 billion deal, Bloomberg reported. Armis, a cybersecurity firm, was last valued at $6.1 billion during a November funding round.
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Recently, Zacks.com users have been paying close attention to ServiceNow (NOW). This makes it worthwhile to examine what the stock has in store.
For investors, this is the latest and clearest signal of a much larger ambition. ServiceNow is executing a well-funded, calculated roll-up strategy, methodically acquiring critical pieces of the enterprise artificial intelligence (AI) puzzle.
ServiceNow (NOW) reported earnings 30 days ago. What's next for the stock?
ServiceNow deepens its Microsoft integrations, aiming to boost workflow adoption even as guidance reflects tighter federal budgets.
ServiceNow (NOW) stock could be an attractive purchase at this time. Why is that?
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.