Published on 3 Dec 2021 on Zacks via Yahoo Finance
ServiceNow (NOW) Dips More Than Broader Markets: What You Should Know
ServiceNow (NOW) closed the most recent trading day at $613.11, moving -1.65% from the previous trading session. This change lagged the S&P 500's 0.85% loss on the day. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.05%.
Coming into today, shares of the maker of software that automates companies' technology operations had lost 11.17% in the past month. In that same time, the Computer and Technology sector lost 0.5%, while the S&P 500 lost 0.97%.
Investors will be hoping for strength from ServiceNow as it approaches its next earnings release. On that day, ServiceNow is projected to report earnings of $1.43 per share, which would represent year-over-year growth of 22.22%. Our most recent consensus estimate is calling for quarterly revenue of $1.6 billion, up 28.06% from the year-ago period.