Bill McDermott, ServiceNow chairman and CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, guidance for the second half of the year, and much more.
The stock market imposes a pitiless logic: Unless a public company exceeds investor expectations and raises guidance each quarter, the company's stock price falls.
Shares of ServiceNow (NOW) are tanking 9% in premarket trading Thursday, as the software and IT services provider posted slower subscription revenue growth than it had forecast earlier and projected a slight decline in first-quarter growth.
ServiceNow's CFO said the forecast for subscription revenue is prudent. And one analyst cheered the company's momentum with large deals.
ServiceNow, Inc. (NYSE:NOW ) Q4 2024 Earnings Conference Call January 29, 2025 5:00 PM ET Company Participants Darren Yip - Group VP, IR & Market Insights William McDermott - Chairman & CEO Gina Mastantuono - CFO Amit Zavery - President, Chief Product Officer & COO Conference Call Participants Kash Rangan - Goldman Sachs Mark Murphy - JPMorgan Sanjit Singh - Morgan Stanley Matthew Hedberg - RBC Capital Markets Brad Sills - Bank of America Samad Samana - Jefferies Michael Cikos - Needham & Company Derek Wood - TD Cowen Operator Ladies and gentlemen, thank you for standing by. My name is Abby, and I'll be your conference operator today.
Although the revenue and EPS for ServiceNow (NOW) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
ServiceNow (NOW) came out with quarterly earnings of $3.67 per share, beating the Zacks Consensus Estimate of $3.58 per share. This compares to earnings of $3.11 per share a year ago.
ServiceNow reported Q4 earnings that topped estimates but shares fell on lower-than-expected subscription revenue growth in 2025. The post ServiceNow Earnings Beat.
ServiceNow forecast annual subscription revenue below Wall Street estimates on Wednesday, affected by a strong U.S. dollar and a planned shift in its monetization model.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
As DeepSeek rattles Nvidia and other AI names, ServiceNow stock holds strong near a breakout with earnings due. The post As DeepSeek Ravages Nvidia, This AI Stock Conjures A Breakout appeared first on Investor's Business Daily.
Goldman Sachs analyst Kash Rangan reiterated a Buy rating on the shares of ServiceNow Inc NOW with a price forecast of $1,200.