Somewhat Favorable Press Coverage Somewhat Unlikely to Impact ServiceNow (NOW) Share Price

Media stories about ServiceNow (NYSE:NOW) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. 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 news sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the information technology services provider an impact score of 45.1179532462474 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

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

Shares of ServiceNow (NYSE:NOW) opened at $153.17 on Thursday. ServiceNow has a 1 year low of $83.42 and a 1 year high of $157.00. The company has a market capitalization of $26,150.00, a PE ratio of -174.06, a price-to-earnings-growth ratio of 30.89 and a beta of 1.26. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.66 and a current ratio of 1.66.

ServiceNow (NYSE:NOW) last announced 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 24.97% and a negative net margin of 7.71%. The firm had revenue of $546.37 million during the quarter, compared to analyst estimates of $532.74 million. During the same period last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 41.7% compared to the same quarter last year. equities analysts predict that ServiceNow will post 0.1 earnings per share for the current fiscal year.

NOW has been the subject of a number of recent analyst reports. UBS Group increased their price target on 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 lowered ServiceNow from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. JPMorgan Chase & Co. lowered ServiceNow from an “overweight” rating to a “neutral” rating and set a $138.00 price target for the company. in a research report on Tuesday, December 12th. Cowen reiterated a “buy” rating and issued a $160.00 price target on shares of ServiceNow in a research report on Monday, December 11th. Finally, Mizuho reiterated a “buy” rating on shares of ServiceNow in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-seven have assigned 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 price target of $148.28.

In other news, Director Anita M. Sands sold 1,636 shares of ServiceNow stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $150.51, for a total transaction of $246,234.36. Following the completion of the sale, the director now directly owns 12,704 shares in the company, valued at approximately $1,912,079.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO David Schneider sold 16,349 shares of ServiceNow stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $124.21, for a total value of $2,030,709.29. Following the sale, the executive now owns 67,185 shares of the company’s stock, valued at $8,345,048.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 481,810 shares of company stock valued at $62,175,884. 3.30% of the stock is owned by corporate 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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