ServiceNow Outperforms Second Quarter and Raises Top Line Guidance for Full-Year 2018
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July 26, 2018 6:57 AM EDT
Cowen raised its price target on ServiceNow (NYSE: NOW) to $205.00 (from $195.00) while maintaining an Outperform rating.
Analyst J. Derrick Wood commented, "NOW delivered a solid 2Q with sub billings growth of 32% cc above our 30% estimate, and high end of FY18 growth guide... More
July 25, 2018 4:11 PM EDT
(Updated - July 25, 2018 4:28 PM EDT)
ServiceNow (NYSE: NOW) reported Q2 EPS of $0.49, $0.06 better than the analyst estimate of $0.43. Revenue for the quarter came in at $631.1 million versus the consensus estimate of $618.44 million.
Outlook
Our guidance is based on foreign exchange rates as of June 30, 2018 and includes GAAP and non-GAAP financial measures.
The... More
