UPDATE: Barclays Starts ServiceNow (NOW) at Overweight; Vertical and Horizontal Opportunity
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Price: $40.39 +1.23%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade NOW Now!
(Updated - July 24, 2012 2:53 PM EDT)
Barclays initiates coverage on ServiceNow (NYSE: NOW) with an Overweight. PT
$30.00.
Analyst, Raimo Lenschow, said, "ServiceNow is one of the fastest-growing companies in the Software-as-a-Service (SaaS) space, having increased revenues by +100% in 2011. It has a broad addressable market, today offering software to manage IT departments - a large horizontal opportunity as every company grapples with IT. However, the long-term opportunity is potentially even larger, as the company is in a good position to become a Platform-as-a-Service (PaaS) provider, an emerging opportunity that industry analysts still struggle to quantify."
For an analyst ratings summary and ratings history on ServiceNow click here. For more ratings news on ServiceNow click here.
Shares of ServiceNow closed at $24.35 yesterday, with a 52 week range of $22.62-$26.30.
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Barclays initiates coverage on ServiceNow (NYSE: NOW) with an Overweight. PT
$30.00.
Analyst, Raimo Lenschow, said, "ServiceNow is one of the fastest-growing companies in the Software-as-a-Service (SaaS) space, having increased revenues by +100% in 2011. It has a broad addressable market, today offering software to manage IT departments - a large horizontal opportunity as every company grapples with IT. However, the long-term opportunity is potentially even larger, as the company is in a good position to become a Platform-as-a-Service (PaaS) provider, an emerging opportunity that industry analysts still struggle to quantify."
For an analyst ratings summary and ratings history on ServiceNow click here. For more ratings news on ServiceNow click here.
Shares of ServiceNow closed at $24.35 yesterday, with a 52 week range of $22.62-$26.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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