21.1 C
New York
Wednesday, June 29, 2022

Why ServiceNow Inc. (NOW) stock is sinking despite a recent attractive announcement?

ServiceNow Inc. (NOW) stock has lost 6.69% in the pre-market session on Thursday, April 29, 2021, as of this writing. NOW stock lost 0.96% to close Wednesday’s session at $557.24.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


NOW shares have gained 88.26% over the last 12 months, and they have moved up by 1.97% in the past week. Over the past three months, the stock has gained 7.89%, while over the past six months, it has added 11.09%.

Let’s see why NOW is facing negativity?

Recent financial result

On April 28, 2021, ServiceNow Inc reported financial results for its first quarter ended March 31, 2021.

Q1 2021 financial highlights

  • ServiceNow total revenue was$1,360 million in Q1 2021.
  • Total gross profit was $1061 million for the reported quarter
  • Net cash provided by operating activities was $727 million in Q1 2021.
  • NOW had GAPP net income of $82 million or $0.42 per basic and $0.41 per dilutes share in Q1 2021.
  • NOW had Non- GAPP net income of $306 million or $1.55 per basic and $1.52 per dilutes share in Q1 2021.

2021 Gartner Magic Quadrant for Enterprise Agile Planning (EAP) Tools winner

On April 23, 2021, ServiceNow Incwas named a Leader in the 2021 Gartner Magic Quadrant for Enterprise Agile Planning (EAP) Tools. For the third year in a row, ServiceNow was recognized for its IT Business Management (ITBM) product suite and first time positioned as a Leader.

ServiceNow agreement with Qualtrics

On April 23, 2021, ServiceNow Inc signed a strategic partnership with Qualtrics.

The combined power of ServiceNow’s digital workflows with Qualtrics’ experience management technology on a single platform will help companies to deliver next-generation employee experiences and customer service.

NOW acquiring Intellibot

On March 24, 2021, ServiceNow announced its intention to acquire Intellibot, India-based robotic process automation (RPA) company. The terms of the buyout have not been announced yet.

The acquisition, subject to regulatory and customary approvals, is expected to conclude in the second quarter of 2021.

ServiceNow Managing COVID-19 vaccine distributions

On March 17, 2021, the U.S. Department of Homeland Security (DHS) said that it is using ServiceNow’s platform to quickly and efficiently vaccinate the DHS’s 240,000 employees.

New Version of the Now Platform released

On March 11, 2021, ServiceNow released the Now Platform Quebec release.

The latest version features expanded native AI capabilities and new low-code app development tools, empowering customers to innovate quickly, realize fast time-to-value, improve productivity and deliver great experiences.


Despite NOW earnings and revenue figures beats Zacks consensus estimates, its recent loss is strange and we were unable to find any justification for its loss.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles




Download Free eBook For

The 5 Best Growth Stocks 2022

100% free. stop anytime no spam