ServiceNow, Inc. (NYSE:NOW) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, NOW is expected to report 3Q20 income of $ 1.03 per share from revenue of $ 1112.15 million.
For the full year, analysts anticipate top line of $ 4412.71 million, while looking forward to income of $ 4.42 per share bottom line.
Previous Quarter Performance
ServiceNow, Inc. revealed income for the second quarter of $ 1.23 per share, from the revenue of $ 1,071.00 million. Street analysts expected ServiceNow, Inc. to report income of $ 1.01 per share on revenue of $ 1050.00 million for the second quarter. The bottom line results beat street analysts by $ 0.22 or 21.78 percent, at the same time, top line results outshined analysts by $ 21.00 million or 2.00 percent.
Stock Performance
Shares of ServiceNow, Inc. traded low $ -1.80 or -0.36 percent on Tuesday, reaching $ 499.81 with volume of 1.13 million shares. ServiceNow, Inc. has traded high as $ 510.00 and has cracked $ 498.52 on the downward trend
According to the previous trading day, closing price of $ 499.81, representing a 110.50 % increase from the 52 week low of $ 238.29 and a 5.95 % decrease over the 52 week high of $ 533.37.
The company has a market capital of $ 95.86 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by BMO Capital Markets at Outperform rating, with $ 562.00 target price.
Conference Call
ServiceNow, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.servicenow.com
ServiceNow, Inc. provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers information technology (IT) service management applications; and digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.
