ServiceNow (NOW)

ServiceNow (NOW)

Postby winston » Thu May 23, 2013 6:07 am

not vested

ServiceNow, Inc. provides cloud-based services to automate enterprise information technology (IT) operations worldwide. Its services include a suite of applications built on its proprietary platform that automates workflow and integrates related business processes.

The company's IT infrastructure library applications include:-
1. Incident Management for restoring a failed service to an operational state;
2. Problem Management for resolving service outages or issues affecting various users;
3. Change Management that manages the proposal and approval process for changes to be made to the IT infrastructure;
4. Release Management, which assigns, manages, and monitors the various tasks;
5. Configuration Management Database, an inventory repository; Service Catalog;
6. Knowledge Management for storing and displaying knowledge articles or documents;
7. Service Portfolio Management; and
8. Service Level Agreement Management to monitor and manage the progress by IT staff on assigned tasks.

Its IT applications also include:-
1. Project and Portfolio Management for tracking and managing projects;
2. IT Cost Management to track staff work time, project-related expenses, and labor costs;
3. IT Asset Management to track financial elements;
4. IT Governance Risk and Compliance;
5. Software Development Lifecycle Management; Discovery, which discovers and maps operational dependencies; and Runbook Automation to execute routine and repeatable projects.


http://todaysbigstock.com/2013/05/22/se ... -nyse-now/
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Re: ServiceNow (NOW)

Postby winston » Mon Nov 18, 2019 1:39 pm

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ServiceNow, Inc. (NOW)

Originally an IT service automation tool, ServiceNow has become one of the top providers of cloud-based solutions that tracks service issues within businesses as they come up. With shares moving 46% higher year-to-date, Wall Street has its eyes on NOW.

Despite facing foreign exchange (FX) headwinds, the company posted a beat in terms of EPS, subscription billings as well as subscription revenue, which is up 33% year-over-year. Its guidance for fiscal Q4 2019 was also generally better than analysts expected.

Most notably, management addressed the misinformation circling around the Street. Incoming CEO Bill McDermott tells investors that the current situation is much brighter than some may think, citing its “pristine” platform and “amazing” organic growth story.

Its CFO search is in fact coming to a conclusion, with a decision expected soon. There also hasn’t been a change to employee attribution rates as 97 out of the top 100 sales staff are staying put.

This helped reaffirm Macquarie analyst Sarah Hindlian’s conclusion that NOW is still a Buy. “We are highly confident in ServiceNow’s global strategic positioning and believe an opportunity for entry exists,” she commented.

As a result, the four-star analyst attached an increased price target of $336 to her bullish call. This updated target conveys her confidence in NOW’s ability to jump 29% in the next twelve months. (To watch Hindlian’s track record, click here)

Like Hindlian, the rest of the Street is impressed. NOW is a ‘Strong Buy’ based on the 18 Buy ratings and 2 Holds issued in the last three months.

In addition, its $229 average price target brings the upside potential to 15%. (See ServiceNow stock analysis on TipRanks)

Source: Tip Ranks
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Re: ServiceNow (NOW)

Postby winston » Mon Nov 18, 2019 1:39 pm

not vested

ServiceNow, Inc. (NOW)

Originally an IT service automation tool, ServiceNow has become one of the top providers of cloud-based solutions that tracks service issues within businesses as they come up. With shares moving 46% higher year-to-date, Wall Street has its eyes on NOW.

Despite facing foreign exchange (FX) headwinds, the company posted a beat in terms of EPS, subscription billings as well as subscription revenue, which is up 33% year-over-year. Its guidance for fiscal Q4 2019 was also generally better than analysts expected.

Most notably, management addressed the misinformation circling around the Street. Incoming CEO Bill McDermott tells investors that the current situation is much brighter than some may think, citing its “pristine” platform and “amazing” organic growth story.

Its CFO search is in fact coming to a conclusion, with a decision expected soon. There also hasn’t been a change to employee attribution rates as 97 out of the top 100 sales staff are staying put.

This helped reaffirm Macquarie analyst Sarah Hindlian’s conclusion that NOW is still a Buy. “We are highly confident in ServiceNow’s global strategic positioning and believe an opportunity for entry exists,” she commented.

As a result, the four-star analyst attached an increased price target of $336 to her bullish call. This updated target conveys her confidence in NOW’s ability to jump 29% in the next twelve months. (To watch Hindlian’s track record, click here)

Like Hindlian, the rest of the Street is impressed. NOW is a ‘Strong Buy’ based on the 18 Buy ratings and 2 Holds issued in the last three months.

In addition, its $229 average price target brings the upside potential to 15%. (See ServiceNow stock analysis on TipRanks)

Source: Tip Ranks
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Re: ServiceNow (NOW)

Postby winston » Fri Nov 29, 2019 8:20 pm

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ServiceNow (NOW)

In the world of cloud computing, subscription SaaS has become all the rage. Companies jostle for position by offering every service imaginable for businesses and individuals.

ServiceNow has found success in the workflow niche, providing software for tracking and improving IT management, help desk functionality, and workflow efficiency.

ServiceNow fills a vital need that can be seen from one raw number: the company did $2.6 billion in sales for fiscal 2018.

Looking at a few other numbers, we find that NOW beat Q3 earnings by 11%, showing 99 cents per share against the 89-cent forecast. Revenues were equally impressive – the $885.8 million reported for the quarter was 31.5% higher than the year-ago period. The strong revenue growth has helped push the stock to a 57% year-to-date gain.

In October, the company announced that both the CEO and CFO would be stepping down. However, their replacements are former SAP head Bill McDermott as CEO and Ingram Micro alum Gina Mastantuono in the finance slot.

While the transition was announced after Q3 had ended, events at this level in companies of this size do not happen overnight; this had been in the works for a while. And NOW still performed. It goes to show that the new management takes over an efficiently running operation.

Writing from JMP Securities, 5-star analyst Patrick Walravens points out all of these factors. He details the strong quarterly print, notes the smoothness of the CEO transition, and writes, “We maintain our Market Outperform rating and $325 price target on ServiceNow, after the company hosted its 3Q19 earnings, which featured what appears to be a smooth hand-off from outgoing CEO John Donahoe to incoming CEO Bill McDermott…”

Walravens’ price target implies a 16% upside for NOW shares.

Joel Fishbein, of SunTrust Robinson, published a short note on NOW as well following the CFO announcement: “ServiceNow continues to define and disrupt service management and we rate it Buy as we see several potential catalysts to drive the shares higher…” Fishbein gave NOW a $321 price target, showing confidence in a 14% upside.

NOW shares are clearly attracting the bulls, as the stock’s consensus rating of Strong Buy is based on 18 bullish reviews and only 2 Holds. However, the stock isn’t cheap, at $281 per share, and the $298 average price target suggests a modest 6% upside potential.

Source: Tip Ranks
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Re: ServiceNow (NOW)

Postby winston » Thu Jul 02, 2020 2:15 pm

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ServiceNow (NOW)

ServiceNow offers software that delivers digital workflows designed to improve productivity. Given the strength of its technology, the firm sees big things in store for the tech company.

After looking at the space as a whole, four-star analyst Christopher Merwin goes so far as to deem NOW a best idea.

Expounding on this, he wrote, “We believe the resiliency of the sector throughout COVID underscores the criticality of many software categories as businesses adjust for more distributed workforces and therefore require modernized cloud systems. With sector multiples at all-time highs, we favor stocks where we see compelling relative value.”

According to Merwin, NOW is set to be a “key beneficiary of digital transformations as enterprise customers increasingly focus on leveraging a select few strategic platforms that can deliver could-based solutions with ease, agility, and integrations.”

Citing its product development, the analyst believes its approach is “best-in-class", with the company continuing to expand into new areas like financial operations management and DevOps.

“We believe this rich product roadmap, and ongoing momentum for ITSM, ITOM, HR, and CSM, will all help to sustain 28%-plus subscription revenue growth through FY22E,” Merwin commented.

Going forward, its efforts to re-invest in new products in order to increase the addressable market and runway for growth should help NOW reach its long-term revenue target of $10 billion, in the analyst’s opinion.

Merwin added, “As software valuations continue to move higher across the space, we believe NOW stands out as an attractively valued stock - particularly on a growth-adjusted FCF, trading at 45.5x our CY21E FCF, relative to FCF growth expectations of 35%.”

It should come as no surprise, then, that Merwin stayed with the bulls. In addition to keeping a Buy rating on the stock, the analyst gave the price target a boost, from $403 to $538, which brings the upside potential to 33%.

Source: GS
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Re: ServiceNow (NOW)

Postby winston » Mon Aug 03, 2020 1:27 pm

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ServiceNow Inc (NOW US) - Solid execution despite trying conditions

ServiceNow Inc’s (NOW) 2Q20 results came in above expectations.

Adjusted subscription billings grew 26% YoY, significantly higher than management’s previous guidance of 20-22%.

NOW delivered an adjusted EPS of $1.23, above consensus by 21%.

Apart from the strong 2Q beat, there were other encouraging signs that point towards NOW’s strong position in benefiting from Digital Transformation.

Management shared that the highly affected industries continue to hold up well in Q2.

Even in this environment, NOW closed 40 deals greater than $1m in ACV, an increase from 1Q, with the average size of these deals larger than in any quarter over the past year.

NOW also continues to hire with S&M headcount growing 24% YoY and with a better sales coverage ratio vs. last year.

While NOW’s 2Q scorecard was robust, we believe that there could be some near-term share price volatility due to seasonality shifts creating some complexity in 3Q guidance, while management changes were announced.

Following adjustments and a decrease in our risk-free rate assumption (from 2.7% to 1.2%), our FV estimate increases from $405 to $512. Maintain BUY.

Source: OCBC
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Re: ServiceNow (NOW)

Postby winston » Fri Oct 23, 2020 9:19 pm

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DEMAND KEEPS RISING FOR THIS WORKPLACE SOFTWARE

Today, we're looking at a software company that keeps its customers coming back...

Software as a Service ("SaaS") businesses make it easy to buy and use software. Under this structure, customers don't own the software they use – they rent it. They can then access it anywhere, thanks to the cloud.

This model is also great for SaaS businesses, as most sales are recurring. And with many folks still working from home, today's SaaS company is getting plenty of business...

ServiceNow (NOW) is a $95 billion software provider. Its tools help customers automate their workflows and other processes.

During the COVID-19 pandemic, ServiceNow's digital workflows have become even more of a must-have.

This has led to impressive sales growth – the company's second-quarter subscription revenue totaled $1.01 billion, which is 30% year-over-year growth.

As you can see in the chart, NOW shares have steadily surged. They're up more than 500% over the past five years, and they recently hit a new all-time high.

With more folks working from home and companies moving toward digital workplaces, ServiceNow will likely continue to thrive...

Source: Daily Wealth
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Re: ServiceNow (NOW)

Postby winston » Fri Jul 28, 2023 10:40 am

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ServiceNow Inc (NOW US) - 2Q23 earnings beat, all eyes on upcoming generative AI product launch

ServiceNow Inc (NOW) is a preeminent cloud computing company that has an established position in IT service management (ITSM) applications for enterprises.

The company has also been expanding its product offering and has consistently grown its existing customer base.

As of 2Q23, NOW has 1,724 customers with more than USD1m in annual contract value (ACV), and such customers have registered an average ACV of between USD3.5m to USD4.3m over the last two years.

NOW is a clear leader in Gartner’s Magic Quadrant for ITSM platforms, which is a testimony to the economic moat of its business. HOLD.

Source: OCBC
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