ServiceNow (NYSE:NOW) announced its quarterly earnings data on Wednesday, January 30th. The information technology services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14, Bloomberg Earnings reports. The firm had revenue of $715.44 million during the quarter, compared to the consensus estimate of $717.73 million. ServiceNow had a positive return on equity of 4.15% and a negative net margin of 1.02%. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS.
NYSE:NOW traded up $4.99 during midday trading on Friday, hitting $235.00. The stock had a trading volume of 1,980,829 shares, compared to its average volume of 2,232,703. ServiceNow has a one year low of $147.63 and a one year high of $237.49. The stock has a market cap of $41.24 billion, a P/E ratio of 1,175.00, a price-to-earnings-growth ratio of 23.51 and a beta of 1.43. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.64.
In other ServiceNow news, insider Patricia L. Wadors sold 3,830 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $232.77, for a total transaction of $891,509.10. Following the completion of the sale, the insider now owns 6,451 shares in the company, valued at $1,501,599.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael Scarpelli sold 39,827 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $179.09, for a total value of $7,132,617.43. Following the sale, the insider now owns 75,341 shares of the company’s stock, valued at approximately $13,492,819.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 289,261 shares of company stock valued at $57,646,855. 1.60% of the stock is owned by company insiders.
Several analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating and issued a $240.00 price target (up previously from $200.00) on shares of ServiceNow in a report on Thursday, January 31st. Bank of America reiterated a “buy” rating and set a $235.00 price objective (up from $217.00) on shares of ServiceNow in a research report on Thursday, January 31st. JMP Securities restated a “mkt outperform” rating and set a $225.00 price target (up from $220.00) on shares of ServiceNow in a research report on Thursday, January 31st. Credit Suisse Group reiterated an “outperform” rating and issued a $225.00 price objective (up from $215.00) on shares of ServiceNow in a research report on Thursday, January 31st. Finally, Morgan Stanley restated an “overweight” rating and issued a $250.00 target price (up previously from $229.00) on shares of ServiceNow in a research note on Thursday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company. ServiceNow has an average rating of “Buy” and a consensus target price of $223.07.
ServiceNow Company Profile
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.
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