This Is Why ServiceNow Stock Plunged Today
ServiceNow (NYSE: NOW) is one of the most well-known software companies. It is in the cloud and data storage industry, so it has been quite a hot name over the past few months. In fact, NOW stock is still up 25% despite the recent decline.
ServiceNow Stock Plunges on Slowing Subscription Revenue Growth Forecast
KEY TAKEAWAYS Shares of ServiceNow tanked 12% in intraday 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 Forecasts Slightly Slower Growth After Revenue Jumps
ServiceNow forecast slightly slower growth ahead, even as executives noted that the shakeup caused by artificial intelligence offers significant upside to the cloud-based software company.
ServiceNow sees FY25 subscription revenue growth up 19.5%-20.0%
Sees FY25 operating margin 30.5%. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on N
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