Mizuho Securities Downgrades ServiceNow (NOW) to Neutral
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January 28, 2016 1:03 PM EST
ServiceNow (NYSE: NOW) continues to bounce of this morning's earnings/guidance related lows. Shares are down 15.3% after trading down as much as 23.5% lower.
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January 28, 2016 7:53 AM EST
(Updated - January 28, 2016 11:12 AM EST)
MKM Partners downgrades ServiceNow (NYSE: NOW) from Buy to Neutral with a price target of $60. The change follows Q4 results. Analyst Kevin Buttigieg doesn't think the stock's premium is sustainable given decelerating billings and softer macro.
Buttigieg... More
January 27, 2016 4:10 PM EST
ServiceNow (NYSE: NOW) reported Q4 EPS of $0.20, $0.12 better than the analyst estimate of $0.08. Revenue for the quarter came in at $285.7 million versus the consensus estimate of $281.36 million.
GUIDANCE:
ServiceNow sees Q1 2016 revenue of $298-303 million, versus the consensus of $297.8... More
