ServiceNow is a leading provider of digital workflows that help organizations streamline their operations and enhance productivity
The company's cloud-based platform enables businesses to automate and manage various processes, such as IT service management, human resources, customer service, and security operations. By integrating various functions into a single platform, ServiceNow empowers organizations to improve service delivery, accelerate decision-making, and enhance employee and customer experiences. The company's solutions are designed to be scalable and adaptable, catering to the needs of enterprises across diverse industries as they navigate their digital transformation journeys.
Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match.
The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.
Morgan Stanley’s Keith Weiss said the proposed Moveworks buy expands ServiceNow’s agentic offerings and assists with expansion into areas such as customer relationship management and enterprise/agentic search.
Over the past six months, Acuity Brands has been a great trade. While the S&P 500 was flat, the stock price has climbed by 6.1% to $269.79 per share. This run-up might have investors contemplating their next move.
Over the last six months, Floor And Decor’s shares have sunk to $89.46, producing a disappointing 18.2% loss while the S&P 500 was flat. This may have investors wondering how to approach the situation.
Let's delve into the developments on the US markets in the middle of the day on Tuesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of enterprise workflow software maker ServiceNow (NYSENOW)
jumped 5.6% in the morning session after stocks rebounded, following a broad-based sell-off the previous day. The Nasdaq was down 4%, while the S&P fell 2.7% as concerns over the ongoing trade war continued to spread. While those concerns haven't exactly disappeared, it's likely some investors looked to take positions in some of the beaten-down stocks, especially some of the high-quality names that got caught up in the sell-off.
Since September 2024, SiteOne has been in a holding pattern, posting a small loss of 3.9% while floating around $127.85. The stock also fell short of the S&P 500’s 3.8% gain during that period.
ServiceNow reports fourth-quarter revenue of $2.957 billion, missing the consensus estimate of $92.961 billion. The company reports fourth-quarter adjusted earnings of $3.67 per share, in line with analyst estimates, according to Benzinga Pro.
Palantir Technologies Inc. will join the S&P 100 index, S&P Dow Jones Indices announced Friday, as the data analytics firm continues its remarkable post-election rally.
Over the last six months, QuidelOrtho’s shares have sunk to $40.10, producing a disappointing 7.7% loss - a stark contrast to the S&P 500’s 7.1% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.
