CLSA has initiated an 'Underperform' rating on ServiceNow, citing challenges such as rising costs and intense competition affecting profit margins. Despite this cautious outlook, ServiceNow expects strong Q2 2026 revenue growth of 22% to $3.92 billion and an EPS increase to $0.86. The company shows robust AI adoption and subscription growth, with a 21% subscription revenue growth guide and a 97% renewal rate. The stock trades near decade lows at $103.24, well below its 52-week high of $210.20, reflecting concerns about future profitability amid market pressures.
ServiceNow's stock surged 29% in August following a strong Q2 earnings report that beat expectations with 24% revenue growth and significant AI product adoption. The company raised its FY26 subscription revenue guidance and set ambitious long-term ta...
Jim Cramer highlighted a market rotation away from tech and data center stocks toward enterprise software and pharmaceuticals, driven by political opposition to data center construction and bond market volatility. Software companies like ServiceNow, ...
Palantir Technologies and BigBear.ai, both serving government AI and data analytics, saw their stocks rise 4% on Friday, with Palantir surpassing the $180 psychological level. This move reflects regained ground after earlier losses in 2026 rather tha...
Salesforce and ServiceNow both reported strong AI-driven growth but with different approaches. Salesforce posted $11.13 billion revenue, emphasizing its Agentforce AI platform and a $25 billion stock buyback, while ServiceNow grew subscription revenu...
