UPDATE: MKM Partners Cuts ServiceNow (NOW) to Neutral on Macro Weakness, Valuation
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Go back to UPDATE: MKM Partners Cuts ServiceNow (NOW) to Neutral on Macro Weakness, Valuation
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 6:11 AM EST
Mizuho Securities downgraded ServiceNow (NYSE: NOW) from Buy to Neutral with a price target of $65.00 (from $90.00), saying the stock is now in the penalty box following results and guidance.
Analyst Abhey Lamba commented, "We are downgrading ServiceNow to Neutral from Buy... 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
