에 대한 최신 뉴스 ServiceNow (NYSE:NOW) 주식

ServiceNow

ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.

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이들 10개 대형주는 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 1. 서밋 테라퓨틱스(NASDAQ:SMMT)의 주가는 씨티그룹이 주식을 매수에서 중립으로 하향 조정했으나 목표 주가를 19달러에서 23달러로 상향 조정한 후 14.37% 하락했다.

리제네론과 슈퍼 마이크로는 지난주 최악의 성과를 보인 10개 대형주 중 일부 (9월 23일-9월 27일)

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GLMD

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매주 ‘벤징가의 스톡 위스퍼 지수(Benzinga&#39;s Stock Whisper Index)&#39;는 독점 데이터(proprietary data)와 패턴 인식의 조합을 사용하여 표면 바로 아래에서 주목을 끌고 있는 주식 5종목을 소개한다.

벤징가의 &#39;스톡 위스퍼&#39; 지수: 투자자들이 몰래 주시하지만 아직 말하지 않는 주식 5종목

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금요일 실망스러운 7월 고용 보고서가 대규모 매도세를 촉발했음에도 불구하고 투자자들은 여전히 ​​호황을 누리고 있는 기술 부문의 강세를 믿어야 한다.

테크 주식의 패닉 매도는 &#34;단지 당황&#34;스러울 뿐, 저가 매수의 기회: 웨드부시의 댄 아이브스

ServiceNow Inc

ChangeNOW Token

NOW CORP ORD by NOW CORP.

Nowigence Inc

NOWVERTICAL GROUP SUB VTG by NowVertical Group Inc.

NowVertical Group Inc

SERVICENOW ORD

ServiceNow's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) short percent of float has risen 11.33% since its last report. The company recently reported that it has 3.44 million shares sold short, which is 1.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.55 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ServiceNow Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728049519_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ServiceNow has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing ServiceNow's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ServiceNow's peer group average for short interest as a percentage of float is 5.11%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About ServiceNow?

Whales with a lot of money to spend have taken a noticeably bearish stance on ServiceNow.
Looking at options history for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $99,575 and 8, calls, for a total amount of $351,728.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $760.0 to $1200.0 for ServiceNow over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of ServiceNow stands at 272.3, with a total volume reaching 765.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ServiceNow, situated within the strike price corridor from $760.0 to $1200.0, throughout the last 30 days.
<h3>ServiceNow Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727795761_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$2.85</td>
<td>$2.0</td>
<td>$2.6</td>
<td>$910.00</td>
<td>$104.0K</td>
<td style="text-align: right;">493</td>
<td style="text-align: right;">613</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$3.0</td>
<td>$2.75</td>
<td>$2.75</td>
<td>$910.00</td>
<td>$53.9K</td>
<td style="text-align: right;">493</td>
<td style="text-align: right;">16</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$243.8</td>
<td>$236.3</td>
<td>$240.0</td>
<td>$820.00</td>
<td>$48.0K</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$17.1</td>
<td>$16.3</td>
<td>$16.5</td>
<td>$760.00</td>
<td>$41.2K</td>
<td style="text-align: right;">83</td>
<td style="text-align: right;">27</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$67.1</td>
<td>$66.0</td>
<td>$66.0</td>
<td>$880.00</td>
<td>$39.6K</td>
<td style="text-align: right;">72</td>
<td style="text-align: right;">7</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
In light of the recent options history for ServiceNow, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of ServiceNow</h3>
<ul>
<li>With a volume of 232,204, the price of NOW is down -1.69% at $879.31. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 22 days.</li>
</ul>
<h3>What The Experts Say On ServiceNow</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $900.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $900. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ServiceNow with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

ServiceNow's Options Frenzy: What You Need to Know

ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) has outperformed the market over the past 10 years by 19.87% on an annualized basis producing an average annual return of 31.32%. Currently, ServiceNow has a market capitalization of $181.59 billion. 
Buying $100 In NOW: If an investor had bought $100 of NOW stock 10 years ago, it would be worth $1,457.36 today based on a price of $882.14 for NOW at the time of writing.
<h3>ServiceNow's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727710219_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In ServiceNow 10 Years Ago Would Be Worth Today

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Summit Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares fell 14.37% last week after Citigroup downgraded the stock from <a href="https://www.benzinga.com/quote/smmt/analyst-ratings" target="_blank" rel="noreferrer noopener">Buy to Neutral</a> but raised its price target from $19 to $23.</li>
<li>MakeMyTrip Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) stock plummeted 12.46%.</li>
<li>Medpace Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) stock fell 9.37% after Jefferies downgraded the stock from Buy to Hold and <a href="https://www.benzinga.com/quote/medp/analyst-ratings" target="_blank" rel="noreferrer noopener">cut its price target from $415 to $345</a>.</li>
<li>Regeneron Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) stock lost 8.94% last week after Leerink Partners <a href="https://www.benzinga.com/quote/regn/analyst-ratings" target="_blank" rel="noreferrer noopener">downgraded it</a> from Outperform to Market Perform and lowered its price target from $1,175 to $1,077.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) shares dived 8.74% after the company guided <a href="https://www.benzinga.com/pressreleases/24/09/b41024786/global-payments-shares-updated-strategy-and-medium-term-outlook-at-investor-conference" target="_blank" rel="noreferrer noopener">FY25 EPS growth below estimates</a>, and multiple firms downgraded the stock and<a href="https://www.benzinga.com/quote/gpn/analyst-ratings" target="_blank" rel="noreferrer noopener"> cut their respective price targets</a>.</li>
<li>Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) stock lost 8.39% last week. There was no company-specific news to justify the price loss.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares dipped 8.21% following a report indicating the company is being probed by the Department of Justice following an August short <a href="https://www.benzinga.com//node/41052423" target="_blank" rel="noreferrer noopener">report from</a><a href="https://www.benzinga.com//node/41052423" target="_blank" rel="noreferrer noopener"> Hindenburg Research</a>.</li>
<li>TechnipFMC plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) stock fell 6.10% amid reports suggesting Saudi Arabia may raise crude oil output.</li>
<li>First Citizens BancShares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) stock lost 6.09% last week after Wedbush analyst <a href="https://www.benzinga.com/quote/fcnca/analyst-ratings" target="_blank" rel="noreferrer noopener">downgraded the stock</a> from Outperform to Neutral and lowered the price target from $2,450 to $2,150.</li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) stock fell 5.93% from pressure following the DOJ&#8217;s Carahsoft investigation.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/41082440/chinese-stocks-dominate-jd-com-and-temu-parent-pdd-are-among-top-10-large-cap-gainers-last-week-se" target="_blank" rel="noreferrer noopener">Chinese Stocks Dominate &#8211; JD.com And Temu Parent PDD Are Among Top 10 Large Cap Gainers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Company

Regeneron Pharma, Super Micro Computer And Global Payments Are Among Top 10 Large Cap Losers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?

WIIM

ServiceNow shares are trading lower. The stock may be under pressure following the DOJ's Carahsoft investigation.

Financial giants have made a conspicuous bullish move on ServiceNow. Our analysis of options history for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) revealed 31 unusual trades.
Delving into the details, we found 64% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $263,650, and 26 were calls, valued at $4,188,422.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $600.0 and $920.0 for ServiceNow, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for ServiceNow's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ServiceNow's whale activity within a strike price range from $600.0 to $920.0 in the last 30 days. 
<h3>ServiceNow Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727272009_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$72.6</td>
<td>$72.5</td>
<td>$72.6</td>
<td>$830.00</td>
<td>$761.3K</td>
<td>1.1K</td>
<td style="text-align: right;">410</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$72.5</td>
<td>$70.1</td>
<td>$72.5</td>
<td>$830.00</td>
<td>$551.0K</td>
<td>1.1K</td>
<td style="text-align: right;">124</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$71.5</td>
<td>$69.8</td>
<td>$71.5</td>
<td>$830.00</td>
<td>$507.6K</td>
<td>1.1K</td>
<td style="text-align: right;">505</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$72.0</td>
<td>$68.9</td>
<td>$72.0</td>
<td>$830.00</td>
<td>$396.0K</td>
<td>1.1K</td>
<td style="text-align: right;">282</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$67.0</td>
<td>$65.7</td>
<td>$67.0</td>
<td>$830.00</td>
<td>$301.5K</td>
<td>1.1K</td>
<td style="text-align: right;">205</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
In light of the recent options history for ServiceNow, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>ServiceNow's Current Market Status</h3>
<ul>
<li>With a trading volume of 73,478, the price of NOW is down by -3.35%, reaching $892.67.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 28 days from now.</li>
</ul>
<h3>Expert Opinions on ServiceNow</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $900.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $900.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for ServiceNow, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

What the Options Market Tells Us About ServiceNow

Each week,&nbsp;Benzinga's Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Here&#8217;s a look at the Benzinga Stock Whisper Index for the week of Sept. 20:
Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>): The gold-mining company saw increased interest from readers this week on the heels of a 50 basis point cut to interest rates by the Federal Reserve, which saw gold prices rise. The interest also comes after Barrick Gold CEO Mark Bristow spoke at the Gold Forum Americas earlier this week and<a href="https://www.benzinga.com/news/24/09/40915786/barrick-forecasts-strong-organic-growth-by-2030-ceo-bristow-touts-undervaluation"> said the company expects </a>30% growth in gold-equivalent ounces by the end of the decade from its existing assets. 
Bristow's comments emphasized the company's current mines and those in development, as the industry experiences a surge in merger and acquisition activity. The CEO also highlighted how the company is expanding its copper portfolio, which could be something exciting to watch for investors.
Barrick shares were down 2% over the last five trading days, as seen on the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> below. The stock is up 14% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="999" height="483" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121633/Screenshot-183.png" alt="" class="wp-image-558808" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121633/Screenshot-183.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121633/Screenshot-183-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121633/Screenshot-183-768x371.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Galmed Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>): The biopharmaceutical company <a href="https://www.benzinga.com/news/24/09/40941193/galmed-pharmaceuticals-stock-is-soaring-thursday-heres-why">saw shares soar </a>during the week after an announcement on drug development activities. Galmed plans to add drug developments that target cardiac fibrosis and colorectal and hepatic cancers. The company will release data from the studies during the fourth quarter.
"The conditions Galmed plans to focus upon in the coming years are major public health problems impacting millions of people worldwide and posing huge financial burden on health providers," Galmed CEO Allen Baharaff said.
Large interest in Galmed saw shares halted several times during the trading week. Helping with volatility in the biopharmaceutical company is the low-float of the stock with around 625,000 shares available according to Benzinga Pro. Low-float stocks can often see high volatility on company announcements.
The stock was up 160% over the last five days and up nearly 100% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121656/Screenshot-184.png" alt="" class="wp-image-558810" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121656/Screenshot-184.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121656/Screenshot-184-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121656/Screenshot-184-768x388.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
Read Also:&nbsp;<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40691773/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-august-2024-where-do-tesla-n" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In August 2024 – Where Do Tesla, Nvidia, Apple, AMD Stock Rank?</a>
ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>): The software company is seeing a large increase in interest from readers ahead of its third-quarter financial results. Analysts expect the company to report revenue of $2.74 billion, up from $2.29 billion in last year's third quarter.
The company has beaten analyst revenue estimates in six straight quarters. Analysts expect the company to report earnings per share of $3.46, up from $2.92 in last year's third quarter. ServiceNow has beaten earnings estimates from analysts in more than 20 straight quarters.
The company's earnings report will show investors and analysts whether revenue growth and AI platform demand are continuing to strengthen. The company saw subscription revenue up 23% year-over-year in <a href="https://www.benzinga.com/news/earnings/24/07/39944577/servicenow-q2-earnings-revenue-beat-eps-beat-servicenow-intends-to-reinvent-every-workflow-in-every">the second quarter </a>and said it was helping meet demand from CEOs looking for new growth as ServiceNow reinvents "every workflow, in every company, in every industry with GenAI at the core."
ServiceNow shares are up 4% over the last five days and up 34% year-to-date.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="514" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121712/Screenshot-185.png" alt="" class="wp-image-558811" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121712/Screenshot-185.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121712/Screenshot-185-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121712/Screenshot-185-768x396.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Deutsche Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>): It's not every week that a bank stock makes its way on the Stock Whisper Index, but here we are. Deutsche Bank saw strong interest from readers, which could be due to bank stocks getting a lift after the <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40928301/interest-rates-in-free-fall-what-it-means-for-mortgages-credit-cards-and-your-wallet-a">interest rate cut was announced.</a> 
The move could see lenders have their balance sheets strengthened going forward and see increased demand for loan activity. Deutsche Bank reports third-quarter financial results in October and could comment on demand and what the future looks like for the company and the sector.
Shares were up 5% over the last five days and 24% year-to-date.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="999" height="504" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121726/Screenshot-186.png" alt="" class="wp-image-558812" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121726/Screenshot-186.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121726/Screenshot-186-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121726/Screenshot-186-768x387.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>): The medical equipment company saw strong interest from readers during the week, which comes on the heels of acquisition announcements, new products <a href="https://www.benzinga.com/quote/SYK/analyst-ratings">and analyst notes</a>. 
The company recently unveiled new foot and ankle solutions that can help restore limb length. Stryker closed its acquisition of privately held care.ai, a company helping with AI-assisted virtual care workflows and smart room technology. The company said the acquisition will help accelerate its digital vision and could expand its healthcare IT business. 
On Friday, Stryker closed its acquisition of NICO Corporation, a company with a surgery method for tumor and intracerebral hemorrhage procedures. Stryker also announced an acquisition of pain management company Vertos Medical in August. Together, the acquisitions and new products could have investors excited about the company's future and its potential diversification efforts.
Piper Sandler recently maintained an Overweight rating and a $380 price target on the stock. Wolfe Research initiated coverage with an Outperform rating and a $405 price target.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121742/Screenshot-187.png" alt="" class="wp-image-558813" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121742/Screenshot-187.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121742/Screenshot-187-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20121742/Screenshot-187-768x387.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/08/40420145/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">August 16</a></li>
<li><a href="https://www.benzinga.com/top-stories/24/08/40531771/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">August 23</a></li>
<li><a href="https://www.benzinga.com/exclusives/24/08/40653930/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">August 30</a></li>
<li><a href="https://www.benzinga.com/general/biotech/24/09/40752686/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">September 6</a></li>
<li><a href="https://www.benzinga.com/top-stories/24/09/40855829/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">September 13 </a></li>
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40838414/gold-miners-eye-best-1-day-rally-in-6-months-as-gold-hits-fresh-record-highs-todays-environment-">Gold Miners Eye Best 1-Day Rally In 6 Months As Gold Hits Fresh Record Highs: &#8216;Today&#8217;s Environment Closely Resembles The 1970s&#8217;</a></li>
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Photo: Benzinga

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Financial giants have made a conspicuous bearish move on ServiceNow. Our analysis of options history for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) revealed 10 unusual trades.
Delving into the details, we found 20% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $148,200, and 7 were calls, valued at $331,595.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $400.0 to $1000.0 for ServiceNow over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for ServiceNow's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ServiceNow's whale activity within a strike price range from $400.0 to $1000.0 in the last 30 days. 
<h3>ServiceNow Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726849015_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$23.8</td>
<td>$21.2</td>
<td>$21.52</td>
<td>$930.00</td>
<td>$96.7K</td>
<td style="text-align: right;">40</td>
<td style="text-align: right;">88</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$71.2</td>
<td>$67.5</td>
<td>$69.41</td>
<td>$920.00</td>
<td>$70.7K</td>
<td style="text-align: right;">201</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$134.7</td>
<td>$129.8</td>
<td>$132.0</td>
<td>$1000.00</td>
<td>$66.0K</td>
<td style="text-align: right;">280</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$577.8</td>
<td>$565.3</td>
<td>$568.0</td>
<td>$400.00</td>
<td>$56.8K</td>
<td style="text-align: right;">19</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$435.2</td>
<td>$428.0</td>
<td>$428.0</td>
<td>$540.00</td>
<td>$42.8K</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
Following our analysis of the options activities associated with ServiceNow, we pivot to a closer look at the company's own performance.
<h3>Current Position of ServiceNow</h3>
<ul>
<li>Currently trading with a volume of 517,501, the NOW's price is down by -0.02%, now at $919.06. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 33 days.</li>
</ul>
<h3>Expert Opinions on ServiceNow</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $900.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $900. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ServiceNow with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

ServiceNow Options Trading: A Deep Dive into Market Sentiment

ADBE

AEYE

AILE

AIRE

AIXI

ASAN

BILL

CDNS

CRWD

DAVE

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

HUBS

INTU

MNDY

PCOR

SLNH

SNPS

Shares of software companies are trading higher amid overall market strength following Wednesday's Fed rate cut.

Deep-pocketed investors have adopted a bullish approach towards ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NOW usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for ServiceNow. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 41% leaning bullish and 23% bearish. Among these notable options, 2 are puts, totaling $75,360, and 15 are calls, amounting to $1,343,249.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $400.0 to $900.0 for ServiceNow over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for ServiceNow options trades today is 135.81 with a total volume of 116.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for ServiceNow's big money trades within a strike price range of $400.0 to $900.0 over the last 30 days.
<h3>ServiceNow Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726591567_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$53.9</td>
<td>$48.4</td>
<td>$52.1</td>
<td>$880.00</td>
<td>$208.4K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$53.4</td>
<td>$51.0</td>
<td>$51.0</td>
<td>$850.00</td>
<td>$204.0K</td>
<td style="text-align: right;">45</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$65.5</td>
<td>$59.7</td>
<td>$62.66</td>
<td>$835.00</td>
<td>$150.3K</td>
<td style="text-align: right;">140</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$60.3</td>
<td>$55.5</td>
<td>$57.85</td>
<td>$840.00</td>
<td>$138.8K</td>
<td style="text-align: right;">672</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$47.9</td>
<td>$46.0</td>
<td>$46.0</td>
<td>$850.00</td>
<td>$115.0K</td>
<td style="text-align: right;">281</td>
<td style="text-align: right;">25</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
<h3>Where Is ServiceNow Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 405,541, the NOW's price is down by -0.42%, now at $888.68. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 36 days.</li>
</ul>
<h3>What Analysts Are Saying About ServiceNow</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $900.0.
<ul>
<li>An analyst from Needham downgraded its action to Buy with a price target of $900. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest ServiceNow options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

A Closer Look at ServiceNow's Options Market Dynamics

Tech&#8217;s extended bull run has more legs to play out, with a key imminent catalyst potentially giving a<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40828657/top-3-tech-stocks-youll-regret-missing-in-september"> thrust to the stocks belonging to the sector,</a> according to an analyst at Wedbush.
Fed To Kickstart Risk-On Trade: The Federal Reserve will finally begin to cut interest rates in the current monetary policy cycle. The likely cut will come two-and-a-half years after the first rate hike implemented to curb inflationary pressure that reared its ugly head following the stimulatory measures implemented to offset the impact of the COVID-19 pandemic. 
Wedbush&#8217;s Daniel Ives said tech investors now look forward to risk-on trade after some nervousness seen in late July. &#8220;Despite all the noise and white knuckles, overall tech earnings have been generally robust with Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), the latest tech stalwart to give more validation that the AI Revolution is starting to quickly move towards the much-awaited software and use case part of the cycle,&#8221; he said.
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Growth Sweet-spot: The tech supply chain is gearing up for an &#8220;unprecedented&#8221; period of growth, driven by the massive artificial intelligence capex spending over the next few years, Ives said, basing his view on Asia checks.
The AI revolution, which kickstarted with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), now has ramifications for the broader tech sector, the analyst said, calling the technology the fourth industrial revolution. This revolution is happening across semiconductor, software, infrastructure, internet and smartphones and will likely extend over the next 12 to 18 months, he said.
Nvidia and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) are core drivers of AI, and now other tech stocks such as Oracle, ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), Dell Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Advanced Micro Devices, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NYSE">AMD</a>) are joining the party as well, he said. &#8220;We believe the stage is set for tech stocks to move higher into yearend and 2025 in our opinion as the Fed and Powell kick off its rate-cutting cycle this week, macro soft landing remains the path, and tech spending on AI remains a generational spending cycle just starting to hit the shores of the tech sector,&#8221; Ives said.
Why It&#8217;s Important: The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an exchange-traded fund that tracks the Nasdaq 100 Index, has been on an extended uptrend since the start of 2023. This is despite the hiccup seen since mid-July due to concerns about the lavish capex plans of AI companies.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="475" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-1024x475.png" alt="" class="wp-image-548793" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-1024x475.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-768x356.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-1536x713.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111.png 1860w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro data.
The extended run-up introduces caution among investors, given valuations have become stretched. Analysts also see the laggards and leaders switching places when the Fed begins to cut rates, with <a href="https://www.benzinga.com/markets/equities/24/07/39830547/why-cathie-wood-is-betting-on-small-cap-stocks-triumphing-over-magnificent-six-amid-restrictive-">underperforming interest-rate sensitive small-cap stocks seen as the biggest beneficiaries.</a>
Tech bulls such as Ives see the broadening of the rally rather than one gaining at the expense of the other, given the massive potential AI offers.
The QQQ settled Friday&#8217;s session up 0.45% at $475.34, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) gained 0.50% to $220.44 and is up about 15% for the year.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40771209/peter-schiff-warns-against-irrational-exuberance-toward-tech-stocks-cryptos-as-econ">Peter Schiff Warns Against Irrational Exuberance Toward Tech Stocks, Cryptos As Economist Cites Intel&#8217;s Fall From Grace</a></li>
</ul>
Photo by Phongphan on Shutterstock

Equities

DELL

ORCL

PLTR

Worried About Staggering Tech Valuation? Analyst Says These Stocks Are  Poised To Go Higher As Fed Kicks Off 'Rate-Cutting Cycle' This Week

Deep-pocketed investors have adopted a bearish approach towards ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NOW usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for ServiceNow. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 60% bearish. Among these notable options, 6 are puts, totaling $536,554, and 4 are calls, amounting to $314,477.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $400.0 and $1280.0 for ServiceNow, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of ServiceNow stands at 74.38, with a total volume reaching 103.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ServiceNow, situated within the strike price corridor from $400.0 to $1280.0, throughout the last 30 days.
<h3>ServiceNow 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726075883_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$38.3</td>
<td>$34.4</td>
<td>$34.5</td>
<td>$780.00</td>
<td>$345.0K</td>
<td style="text-align: right;">348</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$501.8</td>
<td>$488.2</td>
<td>$494.0</td>
<td>$400.00</td>
<td>$98.8K</td>
<td style="text-align: right;">16</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$96.5</td>
<td>$92.3</td>
<td>$94.0</td>
<td>$840.00</td>
<td>$94.0K</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$87.0</td>
<td>$84.1</td>
<td>$84.2</td>
<td>$820.00</td>
<td>$84.1K</td>
<td style="text-align: right;">81</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$45.2</td>
<td>$43.8</td>
<td>$45.2</td>
<td>$810.00</td>
<td>$45.2K</td>
<td style="text-align: right;">26</td>
<td style="text-align: right;">23</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
Following our analysis of the options activities associated with ServiceNow, we pivot to a closer look at the company's own performance.
<h3>ServiceNow's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 340,221, the NOW's price is up by 0.46%, now at $864.13. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 42 days.</li>
</ul>
<h3>Professional Analyst Ratings for ServiceNow</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $900.0.
<ul>
<li>An analyst from Needham downgraded its action to Buy with a price target of $900. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ServiceNow with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Unpacking the Latest Options Trading Trends in ServiceNow

ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) has outperformed the market over the past 10 years by 19.85% on an annualized basis producing an average annual return of 30.43%. Currently, ServiceNow has a market capitalization of $175.75 billion. 
Buying $1000 In NOW: If an investor had bought $1000 of NOW stock 10 years ago, it would be worth $14,475.25 today based on a price of $853.75 for NOW at the time of writing.
<h3>ServiceNow's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725998411_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning ServiceNow Stock In The Last 10 Years

STOCKS CLIMBS OVER 16 POINTS AND CLOSES NEAR THE HIGH OF THE DAY
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="787" height="780" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/09232713/Screen-Shot-2024-09-09-at-7.19.05-PM.png" alt="" class="wp-image-1090" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/09232713/Screen-Shot-2024-09-09-at-7.19.05-PM.png 787w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/09232713/Screen-Shot-2024-09-09-at-7.19.05-PM-300x297.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/09232713/Screen-Shot-2024-09-09-at-7.19.05-PM-150x150.png 150w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/09232713/Screen-Shot-2024-09-09-at-7.19.05-PM-768x761.png 768w" sizes="(max-width: 787px) 100vw, 787px" /></figure>
TradePulse&#8217;s latest Power Inflow alert indicated institutional volume is coming into Service Now Inc., (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), signaling a shift from net selling to buying. This shift is a key indicator of rising investor confidence and the potential for an uptrend in NOW&#8217;s stock.
At 11:03 AM ET on September 9th, NOW registered a Power Inflow at a price of $839.33. Following this signal, the stock reached its high point at 3;59 EDT, climbing over 16 points ($856.13 during the day, translating to an increase of 2.0%. This alert is crucial for investors relying on order flow analytics, suggesting the beginning of an uptrend and presenting a valuable opportunity for those anticipating higher prices. Observers are now closely monitoring NOW for sustained positive momentum, viewing this as a bullish sign.
Understanding Power Inflow:
A Power Inflow is identified by a surge in buy orders over sell orders, typically occurring within the first one or two hours after the market opens. This phenomenon is observed in ten to twenty stocks daily, reflecting the initial strategies and reactions of large institutional investors. Analyzing the size, timing, and price of these transactions helps signal shifts in market sentiment and potential price changes. For those interested in monitoring more stocks exhibiting Power Inflows, visiting the TradePulse website provides comprehensive insights and updates on daily occurrences.
Importance of Power Inflow:
Power Inflows are crucial as they offer early indications of potential uptrends, enabling traders to act even before the market fully adjusts. Such a change is commonly viewed as a sign of larger inflows than retail is capable of producing, indicating institutional interest and a short-term uptrend in the stock. Although not always marking the lowest point, stocks tend to rise following a Power Inflow. This makes these signals especially valuable for identifying strategic entry points and planning short-term investments, as they provide an opportunity to capitalize on upward momentum ahead of wider market recognition.
Strategic Actions Following a Power Inflow:
After detecting a Power Inflow, traders should view it as a potential entry buying point but also confirm the trend with TradePulse's additional indicators such as Momentum, Daily, and Large Deal flows to ensure its strength and viability. Prompt action, combined with strategic stop-loss settings, can maximize returns and minimize risks. This comprehensive approach allows traders to make more informed decisions, optimizing their trading strategies in alignment with real-time market dynamics.
If you want to stay updated on the latest options trades for Service Now Inc.,<a href="https://benzinga.grsm.io/register174"> Benzinga Pro</a> gives you real-time options trade alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data are brought to you by Benzinga APIs</a> and include firms, like<a href="https://finitusa.com/en/"> Finit USA</a>, responsible for parts of the data within this article. 
After Market Close UPDATE:
The price at the time of the Power Inflow was $839.33. The returns on the high price&nbsp;($856.13)&nbsp;and close price ($855.58)&nbsp;after the power inflow were&nbsp;2.0% and 1.9%&nbsp;respectively. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case, the high of the day and close were very close but that is not always the case
Past Performance is Not Indicative of Future Results

Signals

General

Tradepulse Power Inflow Alert: Service Now Inc. Moves Up Over 2% After Alert On The Trading Day

Hundreds of additional, new AI capabilities boost customer agility, enhance productivity, and improve employee experiences
ServiceNow Now Assist GenAI portfolio expands to new mission-critical Security Operations and Sourcing &amp; Procurement Operations functions
Now Assist integration with Microsoft Copilot for Microsoft 365 meets employees where they work and collaborate by offering a holistic, connected experience
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.servicenow.com%2F&amp;esheet=54119729&amp;newsitemid=20240910730948&amp;lan=en-US&amp;anchor=ServiceNow&amp;index=1&amp;md5=0c20ce58cd39024af0a2b39590418d4e">ServiceNow</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), the AI platform for business transformation, today released its most comprehensive set of new AI innovations with the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.servicenow.com%2Fnow-platform%2Flatest-release.html&amp;esheet=54119729&amp;newsitemid=20240910730948&amp;lan=en-US&amp;anchor=Now+Platform+Xanadu+release&amp;index=2&amp;md5=f5c0698666a7acaccd26bcae1003f925">Now Platform Xanadu release</a>. The Xanadu release features hundreds of additional, new AI capabilities to boost customer agility, enhance productivity, and improve employee experiences. It also expands the generative AI (GenAI) portfolio to new mission-critical enterprise functions including Security Operations and Sourcing &amp; Procurement Operations. In addition, the previously announced <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.servicenow.com%2Fcompany%2Fmedia%2Fpress-room%2Fgenai-microsoft-integration.html&amp;esheet=54119729&amp;newsitemid=20240910730948&amp;lan=en-US&amp;anchor=Now+Assist+integration+with+Microsoft+Copilot+for+Microsoft+365&amp;index=3&amp;md5=9df3af7547e283559c1599f6877e3b36">Now Assist integration with Microsoft Copilot for Microsoft 365</a> is now generally available, meeting employees where they work and collaborate by offering a holistic, connected experience.

ServiceNow Releases Its Most Comprehensive Set Of New AI Innovations With The Now Platform Xanadu Release

AAOI

ANET

BBAI

CLSK

COHR

COMM

DMRC

DOCN

EMKR

EVLV

FICO

FLEX

GREE

GWRE

LINK

LTRX

NSYS

ONDS

PANW

PHUN

Shares of companies within the broader tech sector are trading higher amid a rebound. Also, the sector may be moving higher in sympathy with Dell Technologies and Palantir Technologies' inclusion in the S&P 500 index.

In the latest quarter, 21 analysts provided ratings for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $864.33, a high estimate of $935.00, and a low estimate of $640.00. This upward trend is apparent, with the current average reflecting a 0.6% increase from the previous average price target of $859.20.
<img src="https://www.benzinga.com/files/images/story/2024/1725883236_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive ServiceNow is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$900.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$850.00</td>
<td>$825.00</td>
</tr>
<tr>
<td>Derrick Wood</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$900.00</td>
<td>$870.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$935.00</td>
<td>$920.00</td>
</tr>
<tr>
<td>Brad Zelnick</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$900.00</td>
<td>$875.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$880.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$860.00</td>
<td>$830.00</td>
</tr>
<tr>
<td>Joel Fishbein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$780.00</td>
<td>$750.00</td>
</tr>
<tr>
<td>Mark Murphy</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$820.00</td>
<td>$780.00</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$900.00</td>
<td>$820.00</td>
</tr>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$850.00</td>
<td>$835.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$850.00</td>
<td>$830.00</td>
</tr>
<tr>
<td>Rob Oliver</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$900.00</td>
<td>$885.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$900.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Maintains</td>
<td>Buy</td>
<td>$835.00</td>
<td>$835.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$911.00</td>
<td>$909.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$900.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>John Difucci</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Sell</td>
<td>$640.00</td>
<td>-</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$820.00</td>
<td>$820.00</td>
</tr>
<tr>
<td>Jason Ader</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$920.00</td>
<td>$950.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$900.00</td>
<td>$900.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ServiceNow. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ServiceNow compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of ServiceNow's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of ServiceNow's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/NOW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ServiceNow analyst ratings.</a>
<h2>Unveiling the Story Behind ServiceNow</h2>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
<h3>ServiceNow: Financial Performance Dissected</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Over the 3 months period, ServiceNow showcased positive performance, achieving a revenue growth rate of 22.19% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: ServiceNow's net margin is impressive, surpassing industry averages. With a net margin of 9.97%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): ServiceNow's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.12%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): ServiceNow's ROA excels beyond industry benchmarks, reaching 1.47%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.26.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

What Analysts Are Saying About ServiceNow Stock

Needham analyst Mike Cikos reiterates ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and maintains $900 price target.

Price Target

Reiteration

Needham Reiterates Buy on ServiceNow, Maintains $900 Price Target

Amidst the fast-paced and highly competitive business environment of today, conducting comprehensive company analysis is essential for investors and industry enthusiasts. In this article, we will delve into an extensive industry comparison, evaluating ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) in comparison to its major competitors within the Software industry. By analyzing critical financial metrics, market position, and growth potential, our objective is to provide valuable insights for investors and offer a deeper understanding of company's performance in the industry.
<h3>ServiceNow Background</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>ServiceNow Inc</td>
<td>151.24</td>
<td>19.83</td>
<td>17.37</td>
<td>3.12%</td>
<td>$0.48</td>
<td>$2.08</td>
<td>22.19%</td>
</tr>
<tr>
<td>Microsoft Corp</td>
<td>34.65</td>
<td>11.32</td>
<td>12.46</td>
<td>8.45%</td>
<td>$34.33</td>
<td>$45.04</td>
<td>15.2%</td>
</tr>
<tr>
<td>Oracle Corp</td>
<td>37.94</td>
<td>44.56</td>
<td>7.50</td>
<td>43.89%</td>
<td>$6.21</td>
<td>$10.36</td>
<td>3.26%</td>
</tr>
<tr>
<td>Palo Alto Networks Inc</td>
<td>47.55</td>
<td>21.77</td>
<td>15.26</td>
<td>7.42%</td>
<td>$0.32</td>
<td>$1.62</td>
<td>10.31%</td>
</tr>
<tr>
<td>CrowdStrike Holdings Inc</td>
<td>375.83</td>
<td>22.28</td>
<td>18.31</td>
<td>1.75%</td>
<td>$0.12</td>
<td>$0.73</td>
<td>31.74%</td>
</tr>
<tr>
<td>Fortinet Inc</td>
<td>45.49</td>
<td>204.02</td>
<td>10.77</td>
<td>504.05%</td>
<td>$0.5</td>
<td>$1.16</td>
<td>10.95%</td>
</tr>
<tr>
<td>Gen Digital Inc</td>
<td>27.24</td>
<td>8.17</td>
<td>4.35</td>
<td>8.69%</td>
<td>$0.54</td>
<td>$0.78</td>
<td>2.33%</td>
</tr>
<tr>
<td>Monday.Com Ltd</td>
<td>302.24</td>
<td>13.58</td>
<td>14.78</td>
<td>1.62%</td>
<td>$0.0</td>
<td>$0.21</td>
<td>34.4%</td>
</tr>
<tr>
<td>Dolby Laboratories Inc</td>
<td>32.42</td>
<td>2.77</td>
<td>5.48</td>
<td>1.58%</td>
<td>$0.06</td>
<td>$0.25</td>
<td>-3.2%</td>
</tr>
<tr>
<td>CommVault Systems Inc</td>
<td>38.38</td>
<td>23.10</td>
<td>7.76</td>
<td>6.62%</td>
<td>$0.02</td>
<td>$0.18</td>
<td>13.38%</td>
</tr>
<tr>
<td>Qualys Inc</td>
<td>27.34</td>
<td>10.66</td>
<td>8.02</td>
<td>10.52%</td>
<td>$0.05</td>
<td>$0.12</td>
<td>8.38%</td>
</tr>
<tr>
<td>Teradata Corp</td>
<td>43.62</td>
<td>35.77</td>
<td>1.56</td>
<td>57.36%</td>
<td>$0.09</td>
<td>$0.27</td>
<td>-5.63%</td>
</tr>
<tr>
<td>Progress Software Corp</td>
<td>35.69</td>
<td>6.20</td>
<td>3.65</td>
<td>3.75%</td>
<td>$0.05</td>
<td>$0.14</td>
<td>-1.78%</td>
</tr>
<tr>
<td>N-able Inc</td>
<td>71</td>
<td>3.27</td>
<td>5.33</td>
<td>1.32%</td>
<td>$0.03</td>
<td>$0.1</td>
<td>12.6%</td>
</tr>
<tr>
<td>Average</td>
<td>86.11</td>
<td>31.34</td>
<td>8.86</td>
<td>50.54%</td>
<td>$3.26</td>
<td>$4.69</td>
<td>10.15%</td>
</tr>
</tbody>
</table>
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 </style>Upon closer analysis of ServiceNow, the following trends become apparent: 
<ul>
<li>
At 151.24, the stock's Price to Earnings ratio significantly exceeds the industry average by 1.76x, suggesting a premium valuation relative to industry peers.
</li>
<li>
With a Price to Book ratio of 19.83, significantly falling below the industry average by 0.63x, it suggests undervaluation and the possibility of untapped growth prospects.
</li>
<li>
With a relatively high Price to Sales ratio of 17.37, which is 1.96x the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
The company has a lower Return on Equity (ROE) of 3.12%, which is 47.42% below the industry average. This indicates potential inefficiency in utilizing equity to generate profits, which could be attributed to various factors.
</li>
<li>
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $480 Million is 0.15x below the industry average, suggesting potential lower profitability or financial challenges.
</li>
<li>
The gross profit of $2.08 Billion is 0.44x below that of its industry, suggesting potential lower revenue after accounting for production costs.
</li>
<li>
With a revenue growth of 22.19%, which surpasses the industry average of 10.15%, the company is demonstrating robust sales expansion and gaining market share.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725548448_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a financial metric that helps determine the level of financial risk associated with a company's capital structure.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When assessing ServiceNow against its top 4 peers using the Debt-to-Equity ratio, the following comparisons can be made:
<ul>
<li>
ServiceNow is in a relatively stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 0.26.
</li>
<li>
This implies that the company relies less on debt financing and has a more favorable balance between debt and equity.
</li>
</ul>
<h3>Key Takeaways</h3>
For ServiceNow in the Software industry, the PE ratio is high compared to peers, indicating potential overvaluation. The PB ratio is low, suggesting the stock may be undervalued based on its book value. The PS ratio is high, signaling rich valuation relative to sales. In terms of ROE, EBITDA, gross profit, and revenue growth, ServiceNow lags behind its industry peers, reflecting lower profitability and growth potential.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Comparative Study: ServiceNow And Industry Competitors In Software Industry

As the clock ticks down to NVIDIA Corporation&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) Q2 2024 earnings report, set to drop after the closing bell on August 28, 2024, Wall Street is holding its collective breath. This isn&#39;t just another quarterly update - it&#39;s shaping up to be a market-defining moment that could send shockwaves through the tech sector and beyond. The anticipation is so high that finance influencers, stock market news outlets, and trading communities across the board are dedicating extensive coverage to the event. Trading education community True Trading Group is also contributing to the discussion, <a href="https://www.youtube.com/watch?v=x_Y4rp0c_P0">they hosted a special live Sunday on YouTube</a> to analyze the potential implications of NVIDIA&#39;s report.
NVIDIA, the undisputed king of AI chips, has seen its stock skyrocket by a jaw-dropping 160% year-to-date, closing at $129.37 on August 23, 2024. Now, with its market cap hovering around $3.18 trillion, all eyes are on CEO Jensen Huang and his team to deliver results that justify this meteoric rise. But the stakes go far beyond NVIDIA&#39;s own stock price - this earnings report has the potential to move markets, reshape the AI landscape, and even influence the trajectory of the entire S&amp;P 500.
As investors and analysts buckle up for what some are calling &quot;the most important earnings report not of the year but ever,&quot; let&#39;s dive into the five key reasons why NVIDIA&#39;s upcoming announcement is sending ripples of anticipation through Wall Street and Silicon Valley alike.
<h3>1. Most Highly Anticipated Earnings:</h3>
For traders and investors in the stock market, NVIDIA&#39;s upcoming earnings report is generating buzz that rivals major geopolitical events. While the United States prepares for its presidential election on November 5, 2024, with Donald Trump and Kamala Harris dominating headlines, Wall Street is laser-focused on August 28th - NVIDIA&#39;s earnings day. Just as pollsters scrutinize every word from Trump and Harris, analysts are dissecting NVIDIA&#39;s every move. The anticipation surrounding this quarterly report matches that of election night, with potential to sway market sentiment and trigger significant moves across various sectors, potentially impacting portfolios as much as the next president might influence economic policy.
Analyst projections have reached fever pitch. In a bullish frenzy, consensus estimates have surged in the past 48 hours alone. Revenue forecasts have jumped by $170 million, now targeting a colossal $28.65 billion. Similarly, net income projections have seen a significant upward revision of $120 million. These rapidly evolving forecasts underscore the immense weight the market is placing on NVIDIA&#39;s performance.
The pressure is on for CEO Jensen Huang and his team to deliver results that not only meet but exceed these lofty expectations, making this earnings call a pivotal moment in the 2024 financial calendar, with implications for tech stocks, the Nasdaq, and even the S&amp;P 500.
<h3>2. Insight into AI Industry Growth</h3>
NVIDIA&#39;s earnings report serves as more than just a financial statement; it&#39;s a barometer for the entire AI industry. With the global AI market projected to grow from $196 billion in 2023 to over $250 billion in 2024, NVIDIA&#39;s performance offers a real-time glimpse into this explosive growth trajectory.
As the dominant force in AI chips, NVIDIA&#39;s forward guidance is crucial for gauging AI spending trends across various sectors. From Apple&#39;s &quot;Apple Intelligence&quot; to Microsoft&#39;s OpenAI integrations, tech giants are betting big on AI. NVIDIA&#39;s outlook on chip demand could signal whether this AI gold rush is accelerating or facing headwinds.
The recent surge in consensus estimates underscores the market&#39;s bullish expectations. With revenue forecasts jumping by $170 million in just 48 hours, analysts are pricing in continued robust growth. This upward revision isn&#39;t just about NVIDIA; it reflects optimism about the entire AI ecosystem.
Moreover, NVIDIA&#39;s insights could shed light on emerging trends like AI&#39;s role in addressing global challenges or advancements in natural language processing. With 83% of companies claiming AI as a top priority, NVIDIA&#39;s report could influence investment decisions far beyond the tech sector, potentially impacting industries from healthcare to finance.
In essence, NVIDIA&#39;s earnings call isn&#39;t just about one company&#39;s balance sheet; it&#39;s a pulse check on the AI revolution itself, offering valuable insights that could shape market strategies and investment flows across the entire tech landscape.
<h3>3. Impact on the Entire AI Stock Sector</h3>
NVIDIA&#39;s earnings report isn&#39;t just about one company - it&#39;s a bellwether for the entire AI industry. The ripple effects of NVIDIA&#39;s performance could be felt across a wide range of AI-related stocks and even beyond the tech sector.
A strong showing from NVIDIA could fuel bullish sentiment for other AI players. For instance, Advanced Micro Devices (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>), NVIDIA&#39;s closest competitor in the AI chip space, could see its stock price affected. Similarly, companies like Broadcom (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>) and Super Micro Computer (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>), which provide critical components and systems for AI infrastructure, might experience significant price movements based on NVIDIA&#39;s outlook.
Conversely, any hint of a slowdown could send shockwaves through the industry. Cloud service providers like Amazon (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) and Google (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>), which rely heavily on NVIDIA&#39;s GPUs for their AI and machine learning services, could see their AI growth projections reassessed by investors.
The earnings call might also offer insights into key industry trends. For example, any commentary on the adoption of NVIDIA&#39;s latest Blackwell architecture could signal the pace of AI advancement across various industries. Similarly, updates on NVIDIA&#39;s partnerships, like its collaboration with ServiceNow on generative AI, could provide clues about the direction of enterprise AI adoption.
Moreover, NVIDIA&#39;s performance could impact adjacent sectors. Semiconductor equipment manufacturers like Applied Materials (AMAT) and ASML Holding (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) might see increased investor interest if NVIDIA signals strong future demand. Even non-tech sectors like automotive, with companies such as Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) heavily invested in AI for autonomous driving, could feel the effects of NVIDIA&#39;s report.
As the AI job market continues to evolve, NVIDIA&#39;s outlook could even influence workforce trends. A positive forecast might accelerate hiring in AI-related fields, affecting everything from university enrollments to corporate training programs.
In essence, this earnings report isn&#39;t just about numbers - it&#39;s a crystal ball for the future of AI, with implications that extend far beyond NVIDIA&#39;s balance sheet, potentially reshaping investment strategies across multiple sectors.
While NVIDIA&#39;s earnings report will undoubtedly send ripples through the AI stock sector, its influence extends far beyond just AI-focused companies. In fact, NVIDIA&#39;s performance has the potential to move the entire S&amp;P 500, underscoring the company&#39;s outsized role in the broader market.
<h3>4. Potential To Move The Entire S&amp;P 500</h3>
NVIDIA&#39;s earnings report isn&#39;t just a tech sector event - it has the potential to move the entire S&amp;P 500 index. The concentration of market returns in a handful of tech giants has reached unprecedented levels, with NVIDIA leading the charge.
As of June 2024, NVIDIA had already contributed a staggering 33% of the S&amp;P 500 Index&#39;s year-to-date return. This outsized influence means that NVIDIA&#39;s performance can cause substantial movements in the overall index. To put this in perspective, if NVIDIA were to lose its gains from earlier in the year, it could potentially drag the S&amp;P 500 down by approximately 4.5%.
The tech sector&#39;s dominance in the S&amp;P 500 has reached historic levels. By late June 2024, only 27% of stocks in the S&amp;P 500 were outperforming the index - the lowest reading on record in over 50 years. The top 10 contributors accounted for a whopping 70% of the S&amp;P 500&#39;s 18% year-to-date return.
NVIDIA&#39;s market cap, now exceeding $3 trillion, places it among the stock market&#39;s most massive companies. This means that even small percentage moves in NVIDIA&#39;s stock can translate to significant point changes in the S&amp;P 500.
The concentration of returns in NVIDIA and other tech giants has created a unique market dynamic. The S&amp;P 500 can now fall even on days when the majority of stocks are rising, due to the outsized impact of these few companies. This phenomenon has portfolio managers on edge, as not being invested in these top-performing tech stocks can significantly impact overall returns.
As Wall Street holds its breath for NVIDIA&#39;s earnings report, it&#39;s clear that the stakes extend far beyond the tech sector. The entire market is poised to react, underscoring NVIDIA&#39;s role not just as a tech leader, but as a key driver of overall market performance. Whether bullish or bearish, NVIDIA&#39;s results could set the tone for the broader market in the coming months.
<h3>5. Spotlight On Key AI Players</h3>
As we approach NVIDIA&#39;s earnings report, it&#39;s crucial to understand how other key players in the AI space have been performing. This context will help gauge the potential ripple effects of NVIDIA&#39;s results:
<ul>
<li>
Super Micro Computer has had a stellar year, with a year-to-date increase of 116% in 2024.
</li>
<li>
Meta Platforms&nbsp;has shown remarkable growth, with its stock price gaining 79% over the past 12 months.
</li>
<li>
Microsoft and ServiceNow (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/now#NYSE">NOW</a>) have seen significant increases of 70% and 109% respectively since January 2023.
</li>
<li>
Amazon (AMZN), Apple (AAPL), and Alphabet (GOOGL) have also shown positive momentum in recent months.
</li>
</ul>
NVIDIA&#39;s earnings report could either reinforce or challenge the bullish sentiment surrounding these stocks. A strong report from NVIDIA might further fuel the AI boom, potentially boosting these companies. Conversely, any signs of slowdown could prompt a reassessment of the entire AI sector&#39;s valuation.&quot;
This approach ties together the performance of various AI-related stocks and sets up the potential impact of NVIDIA&#39;s earnings report on the broader AI market.
<h3>Economic Context and Market Outlook</h3>
As NVIDIA&#39;s earnings report looms, it&#39;s crucial to consider the broader economic landscape being a part of a <a href="https://ttgtrial.com/">stock market community</a> would have potentially made it easier to understand Federal Reserve Chair Jerome Powell&#39;s recent comments at Jackson Hole have added another layer of anticipation to an already charged market environment. Powell&#39;s statement that &quot;the time has come for policy to adjust&quot; signals a potential shift towards rate cuts, a move that could have far-reaching implications for the tech sector and NVIDIA.
The Fed&#39;s pivot towards a more dovish stance suggests growing confidence in a soft economic landing. This optimism, coupled with a resilient labor market, creates a favorable backdrop for companies to maintain or even increase their capital expenditures. In the context of AI, this could translate into sustained or accelerated spending on infrastructure and technologies that form the backbone of AI development and deployment.
For NVIDIA, this economic outlook could be a double-edged sword. On one hand, lower interest rates typically boost growth stocks, potentially fueling further gains for NVIDIA and its AI-focused peers. On the other hand, the company will need to justify its lofty valuation with continued strong performance and forward-looking guidance that aligns with this optimistic economic narrative.
The relationship between a strong economy and increased capital expenditures is particularly pertinent for the AI sector. As companies feel more confident about the economic outlook, they may be more inclined to invest heavily in AI technologies to gain a competitive edge. This could lead to a surge in demand for NVIDIA&#39;s products, from GPUs to specialized AI chips and systems.
In essence, NVIDIA&#39;s earnings report will not just reflect the company&#39;s performance, but a litmus test for the entire AI industry&#39;s growth trajectory in the context of a potentially more accommodative monetary policy. As investors parse through NVIDIA&#39;s numbers and forward guidance, they&#39;ll be looking for signs that the company can capitalize on this favorable economic backdrop and continue to drive the AI revolution forward.
The tech sector, and NVIDIA in particular, stands at a pivotal juncture. A strong earnings report, coupled with positive forward guidance, could cement NVIDIA&#39;s position as a cornerstone of the AI boom and provide a strong tailwind for the broader tech sector. Conversely, any hints of caution or slowdown could prompt a reassessment of the AI growth narrative.
As Wall Street holds its breath for NVIDIA&#39;s announcement, one thing is clear: the implications of this earnings report extend far beyond a single company&#39;s balance sheet. It&#39;s a moment that could define the trajectory of AI investments, shape market sentiment, and potentially influence the pace of technological innovation in the coming years.

Federal Reserve

ASML

AVGO

GOOGL

TSLA

NVIDIA's Earnings: 5 Reasons Why This Week's Report Could Shake Up Markets, AI Stocks, And The S&P 500

Nvidia, Microsoft leading AI Revolution with tech set to rally into year-end: Wedbush

ServiceNow estimates appear achievable if Q2 momentum continues: Guggenheim

Software stocks down following escalating violence in Middle East

The cloud software industry is evolving rapidly due to the significant adoption of cloud solutions across various industries to support digital transformation initiatives. So, let's analyze Salesforce (CRM) and ServiceNow (NOW) to determine which cloud software stock holds more potential. Read more... The rising global demand for cloud computing is fueled by the advancement of emerging technologies like big data, Artificial Intelligence (AI), and Machine Learning (ML).
Additionally, the increasing emphasis on customer-centric applications aimed at improving consumer satisfaction is further driving the adoption of these technologies. The cloud computing market is estimated to grow at a <a href="https://www.mordorintelligence.com/industry-reports/cloud-computing-market">CAGR of 16.4%</a> by 2029.
According to the latest update to the International Data Corporation (IDC) Worldwide Software and Public Cloud Services Spending Guide, worldwide spending on public cloud services is forecast to reach <a href="https://www.idc.com/getdoc.jsp?containerId=prUS52460024">$805 billion in 2024</a> and double in size by 2028.
Against this backdrop, let's compare two cloud stocks, Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>) and ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>), to analyze which cloud software stock holds more potential.
The Case for Salesforce, Inc.
Valued at $258.54 billion by market cap, Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>) provides Customer Relationship Management technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.
On September 17, 2024, CRM and NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) announced a strategic collaboration to develop advanced AI capabilities for the enterprise with autonomous agent and interactive avatar experiences.
The companies would work together to deliver optimized predictive and generative AI workflows by bringing together the NVIDIA AI platform, which includes accelerated computing and AI software, with the CRM Platform and Agentforce.
With this collaboration, Agentforce agents would enable new insights and improved productivity across the sales, service, marketing, and IT teams that rely on the industry-leading Salesforce CRM as the one place for all their customer data.
On September 5, CRM announced its acquisition of Own Company, a leading provider of data protection and data management solutions, for $1.90 billion in cash. This acquisition is set to enhance CRM's ability to offer customers robust data protection and management solutions.
CRM's stock has gained 1.5% over the past nine months to close the last trading session at $270.44. Over the past month, the stock has surged 2.4%.
CRM's trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a> of 76.35% is 53.6% higher than the industry average of 49.71%. Further, its trailing-12-month EBIT margin of 19.06% is 292.1% higher than the industry averages of 4.86%.
In the fiscal 2025 second quarter that ended on July 31, 2024, CRM's total revenue increased 8.4% year-over-year to $9.33 billion. The company reported non-GAAP income from operations of $3.14 billion, indicating a 15.5% growth from the prior year quarter with a non-GAAP operating margin of 33.7% (up 210 bps year-over-year). Its free cash flow increased 20.2% year-over-year to $755 million.
CRM's non-GAAP net income came in at $2.49 million, up 19.1% year-over-year, while its non-GAAP net income per share grew 20.8% from the year-ago value to $2.56.
Street expects CRM's revenue for the fiscal fourth quarter (ending October 2024) to increase 7.2% year-over-year to $9.35 billion. Its EPS for the same period is expected to register a 16% growth from the prior year, settling at $2.45. In addition, it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is promising.
CRM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
CRM has a B grade for Sentiment and Quality. It is ranked #15 out of 129 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry.
<a href="https://stocknews.com/stock/CRM/">Click here</a> for the additional POWR Ratings for CRM (Value, Growth, Stability, and Momentum).
The Case for ServiceNow, Inc.
Valued at $190.13 billion by market cap, ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>) provides end-to-end intelligent workflow automation platform solutions for digital businesses in North America, Europe, the Middle East and Africa, Asia Pacific, and internationally.
NOW's stock has gained 23.3% over the past three months and 32.4% over the past nine months to close the last trading session at $923.60.
On September 10, 2024, NOW announced the integration of Agentic AI into its platform to enhance 24/7 productivity across IT, customer service, HR, and more. The new AI agents will use advanced reasoning for deep contextual understanding, while the NOW's Assist Skill Kit will allow organizations to build and deploy custom GenAI skills.
On July 24, 2024, NOW and Boomi announced a partnership to enhance customer experiences through AI-driven self-service solutions. Boomi will use NOW's platform to streamline support and self-service, while ServiceNow will integrate Boomi's API Management capabilities for better API visibility and governance.
NOW's trailing-12-month EBIT and EBITDA margin of 10.78% and 16.46% are 121.7% and 61.7% higher than the industry averages of 4.86% and 10.19%, respectively. However, the stock's trailing-12-month asset turnover ratio of 0.60x is 3.3% lower than the industry average of 0.62x.
During the second quarter ended June 30, 2024, NOW's non-GAAP total revenues rose 22.5% year-over-year to $2.64 billion. Its non-GAAP gross profit rose 23.1% from the year-ago quarter to $2.17 billion. Its non-GAAP net income rose 34% year-over-year to $651 million. Also, the company's non-GAAP earnings per share came in at $3.13, representing an increase of 32.1% year-over-year.
Analysts expect NOW's EPS for the quarter ending September 30, 2024, to increase 18.2% year-over-year to $3.45. Its revenue for the same quarter is expected to grow 20% year-over-year to $2.75 billion. It surpassed the consensus EPS estimates in each of the trailing four quarters.
NOW's fundamentals are reflected in its POWR Ratings. The stock has an overall C rating, translating to a Neutral in our proprietary rating system.
The stock has a C grade for Momentum and Stability. NOW is ranked #15 out of 39 stocks in the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
In addition to the POWR Ratings I've just highlighted, you can see NOW's ratings for Value, Growth, Sentiment, and Quality <a href="https://stocknews.com/stock/NOW/">here</a>.
Salesforce (CRM) vs. ServiceNow (NOW): Which Cloud Software Stock Holds More Potential?
Cloud computing has completely changed the software business driving its growth by providing scalable and affordable infrastructure. Businesses are increasingly leveraging cloud solutions to enhance efficiency and reduce costs, leading to higher demand for cloud-based services. Both CRM and NOW stand to capitalize on these burgeoning industry trends.
However, CRM's higher profitability, and strong financials favor it as the better cloud software stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Software - Application industry <a href="https://stocknews.com/category/software-application/">here</a> and the Software - Business industry <a href="https://stocknews.com/category/software-business/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
CRM shares were trading at $273.37 per share on Wednesday afternoon, up $2.93 (+1.08%). Year-to-date, CRM has gained 4.35%, versus a 21.02% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/crm-now-nvda-salesforce-crm-vs-servicenow-now-which-cloud-software-stock-holds/>Salesforce (CRM) vs. ServiceNow (NOW): Which Cloud Software Stock Holds More Potential?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Salesforce (CRM) vs. ServiceNow (NOW): Which Cloud Software Stock Holds More Potential?

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Legal

Press Releases

ServiceNow, Inc. (NOW) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

ServiceNow Infuses New AI Capabilities Into Purpose-built Industry Solutions With the Now Platform Xanadu Release

ServiceNow to Unlock 24/7 Productivity at Massive Scale With AI Agents for IT, Customer Service, Procurement, HR, Software Development, and More

ServiceNow Announces Powerful Data Enhancements to Unlock Value With Ultra-Scale and Performance

ServiceNow Releases Its Most Comprehensive Set of New AI Innovations With the Now Platform Xanadu Release

ServiceNow Boosts Productivity and Strengthens Collaboration Across the Enterprise With the Now Platform Xanadu Release

ServiceNow Demonstrates Commitment to Building a Better World, Expands Access to Technology, Knowledge, and Opportunity

ServiceNow Releases New HR Innovations, Empowering Leaders to Fuel Employee and Business Growth

ServiceNow to Announce Third Quarter 2024 Financial Results on October 23

ServiceNow Named a Leader in Inaugural IDC MarketScape for Worldwide SaaS and Cloud-enabled Spend Orchestration

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