In today’s session ServiceNow Inc (NOW) registered an unusually high (677) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious NOW increase. With 677 contracts traded and 34714 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: NOW161118C00080000 closed last at: $2.9 or 7.4% up. About 402,607 shares traded hands. ServiceNow Inc (NYSE:NOW) has risen 21.07% since March 15, 2016 and is uptrending. It has outperformed by 15.59% the S&P500.
Analysts await ServiceNow Inc (NYSE:NOW) to report earnings on October, 19. They expect $-0.10 EPS, up 50.00% or $0.10 from last year’s $-0.2 per share. After $-0.25 actual EPS reported by ServiceNow Inc for the previous quarter, Wall Street now forecasts -60.00% EPS growth.
ServiceNow Inc (NYSE:NOW) Ratings Coverage
Out of 21 analysts covering ServiceNow Inc (NYSE:NOW), 16 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 76% are positive. ServiceNow Inc has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Cowen & Co initiated the stock with “Outperform” rating in Friday, June 24 report. On Thursday, September 10 the stock rating was initiated by BTIG Research with “Buy”. The firm earned “Buy” rating on Wednesday, December 2 by UBS. The stock of ServiceNow Inc (NYSE:NOW) has “Neutral” rating given on Thursday, January 28 by Mizuho. Macquarie Research initiated ServiceNow Inc (NYSE:NOW) rating on Tuesday, April 26. Macquarie Research has “Outperform” rating and $81 price target. As per Tuesday, September 20, the company rating was initiated by BMO Capital Markets. The firm has “Buy” rating by Guggenheim given on Thursday, September 15. Brean Capital maintained the stock with “Buy” rating in Thursday, July 30 report. Argus Research initiated the stock with “Buy” rating in Thursday, April 14 report. The company was initiated on Friday, December 11 by Goldman Sachs.
According to Zacks Investment Research, “ServiceNow, Inc. provides cloud-based services that automate enterprise IT operations. The Company’s service includes a suite of applications built on its platform that automates workflow and integrates related business processes. It focuses on transforming enterprise IT by automating and standardizing business processes and consolidating IT across the global enterprise. ServiceNow, Inc. is based in San Diego, California.”
Insitutional Activity: The institutional sentiment increased to 1.14 in Q2 2016. Its up 0.24, from 0.9 in 2016Q1. The ratio improved, as 41 funds sold all ServiceNow Inc shares owned while 101 reduced positions. 50 funds bought stakes while 112 increased positions. They now own 156.31 million shares or 2.61% less from 160.50 million shares in 2016Q1.
The Japan-based Dai Ichi Life Ins Ltd has invested 0.01% in ServiceNow Inc (NYSE:NOW). The United Kingdom-based Royal London Asset Mngmt has invested 0.06% in ServiceNow Inc (NYSE:NOW). Bbva Compass Bancshares last reported 4,487 shares in the company. Blackrock has invested 0.01% of its portfolio in ServiceNow Inc (NYSE:NOW). Amp Cap Investors reported 43,650 shares or 0.02% of all its holdings. Tocqueville Asset Management Lp last reported 52,425 shares in the company. Franklin Res Incorporated has 0.15% invested in the company for 4.17M shares. Turner Invs L P accumulated 0.11% or 5,090 shares. State Of New Jersey Common Pension Fund D holds 0.02% or 80,000 shares in its portfolio. Mitsubishi Ufj Trust And Bk holds 319,739 shares or 0.05% of its portfolio. Moreover, Avalon Asset Mgmt Ltd Liability Corp has 3.97% invested in ServiceNow Inc (NYSE:NOW) for 103,500 shares. Natl Registered Inv Advisor Inc has 4,844 shares for 0.15% of their US portfolio. Hirtle Callaghan And Limited Liability Co holds 0% or 291 shares in its portfolio. Stifel Fincl Corp holds 0% of its portfolio in ServiceNow Inc (NYSE:NOW) for 4,254 shares. Sheets Smith Wealth Mgmt has 0.67% invested in the company for 34,800 shares.
Insider Transactions: Since April 20, 2016, the stock had 0 buys, and 22 selling transactions for $87.59 million net activity. Another trade for 199,000 shares valued at $15.26 million was made by LUDDY FREDERIC B on Wednesday, September 21. Schneider David also sold $806,167 worth of ServiceNow Inc (NYSE:NOW) on Thursday, August 18. Another trade for 27,814 shares valued at $2.08 million was sold by McGee Daniel. 5,000 shares with value of $372,713 were sold by STRAUSS WILLIAM L on Monday, August 1. Slootman Frank sold $11.25 million worth of ServiceNow Inc (NYSE:NOW) on Tuesday, August 9.
ServiceNow, Inc. is a provider of cloud solutions that define, structure, manage and automate services across the global enterprise. The company has a market cap of $12.39 billion. The Firm provides cloud service management and business management solutions that address the needs of various departments within an enterprise, including information technology , human resources (HR), facilities, field service, marketing, customer service, security, legal and finance. It currently has negative earnings. The Company’s service management solutions are built on the Company’s platform that also allows clients to create, by themselves or with its partners, their own service-oriented applications for use in departments across the enterprise.
NOW Company Profile
ServiceNow, Inc., incorporated on February 16, 2012, is a well-known provider of cloud solutions that define, structure, manage and automate services across the global enterprise. The Firm provides cloud service management and business management solutions that address the needs of various departments within an enterprise, including information technology (IT), human resources (HR), facilities, field service, marketing, customer service, security, legal and finance. The Company’s service management solutions are built on the Company’s platform that also allows clients to create, by themselves or with its partners, their own service-oriented applications for use in departments across the enterprise. The Firm markets its services to enterprises in a range of industries, including financial services, consumer products, IT services, healthcare and technology. It sells solutions primarily through direct sales and through indirect channel sales. The Firm also provides a portfolio of professional services to customers. It also provides a suite of IT activities management (ITOM) solutions that manages visibility of business services and infrastructure with a single system of record. It delivers software applications through the Internet as a service. The Firm has approximately eight paired data centers on over five continents. The Firm provides its services from data centers located in Australia, Brazil, Canada, Hong Kong, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States.
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