ServiceNow's stock falls as the outlook underwhelms. But it is conservative?
Portfolio Pulse from
ServiceNow's stock experienced a decline due to an underwhelming outlook. The CFO described the subscription revenue forecast as prudent, while an analyst highlighted the company's momentum with large deals.
January 30, 2025 | 3:00 am
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ServiceNow's stock fell due to a conservative outlook on subscription revenue. The CFO described the forecast as prudent, and an analyst noted positive momentum with large deals.
The stock price decline is attributed to the conservative outlook on subscription revenue, which may have disappointed investors. However, the CFO's prudent approach and the analyst's positive note on large deals could mitigate some negative sentiment.
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IMPORTANCE 80
RELEVANCE 100