ServiceNow Inc (NOW) is Initiated by BMO Capital Markets to Market Perform, Price Target at $85

ServiceNow Inc (NOW) was Initiated by BMO Capital Markets to “Market Perform” and the brokerage firm has set the Price Target at $85. BMO Capital Markets advised their investors in a research report released on Sep 20, 2016.

Many Wall Street Analysts have commented on ServiceNow Inc. ServiceNow Inc was Initiated by Guggenheim to “Buy” on Sep 15, 2016. Company shares were Reiterated by MKM Partners on Jul 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 70 from a previous price target of $60 .Company shares were Upgraded by Mizuho on Jul 15, 2016 to ” Buy”, Firm has raised the Price Target to $ 85 from a previous price target of $70 .

On the company’s financial health, ServiceNow Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.09. The company had revenue of $341.30 million for the quarter, compared to analysts expectations of $333.91 million. The company’s revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

ServiceNow Inc closed down -0.42 points or -0.54% at $77.29 with 2,113,666 shares getting traded on Friday. Post opening the session at $77.05, the shares hit an intraday low of $76.78 and an intraday high of $78.3499 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 8, 2016, William L Strauss (director) sold 10,000 shares at $77.20 per share price. According to the SEC, on Aug 24, 2016, Frederic B Luddy (CHIEF PRODUCT OFFICER) sold 174,201 shares at $72.21 per share price. On Aug 22, 2016, David Schneider (Chief Revenue Officer) sold 11,047 shares at $72.98 per share price, according to the Form-4 filing with the securities and exchange commission.

ServiceNow Inc. is a provider of cloud-based solutions that define structure manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization including IT human resources (HR) facilities field service marketing legal and finance. It also provides business management and IT operations management solutions that facilitate the delivery of services across the enterprise. The Company markets its services to enterprises in a variety of industries including financial services consumer products IT services health care and technology. The Company offers a portfolio of services including Professional Services Education Services and Customer Support. The Company provides its services from data centers located in Australia Brazil Canada Hong Kong the Netherlands Singapore Switzerland the United Kingdom and the United States.

ServiceNow Inc

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