What’s Oracle’s Value Proposition in the US Software Space?
As of December 26, 2017, Microsoft (MSFT), with a market cap exceeding $650 billion, continued to be the largest software player. Oracle came in second.
ServiceNow: No ‘Sell’ Recommendations
Of the 34 analysts tracking ServiceNow, 30 recommended a “buy,” four recommended a “hold,” and none of the analysts recommended a “sell.”
Analyzing the Recent Decline in High-Growth Stocks
ServiceNow rose 56% between January and September. However, the stock has declined 20% since the beginning of October.
Why ServiceNow Stock Has Been Volatile
ServiceNow was impacted by the sell-off last week, falling 12%. It has since recovered, rising 6.5% on October 16 to close at $192.72.
ServiceNow Stock and Why It Fell 4.5% Yesterday
ServiceNow (NOW) stock fell 4.5% on October 4 and closed at $187.44. It’s currently trading 66% above its 52-week low of $112.84.
Why Did ServiceNow’s Stock Fall by 20% after the Results?
ServiceNow’s stock fell after it announced its fiscal 4Q15 results. Investors might have been concerned about the revenue forecasts for 1Q16 and 2016.
Where Stanley Druckenmiller Is Bullish
Last week, Duquesne Family Office, managed by Stanley Druckenmiller, filed its Q3 13F with the SEC. We’ll look at the fund’s top holdings, buys, and sells.
Roku Slumps while ServiceNow Gains: Tech’s Latest
Roku stock was down close to 5%, and ServiceNow was up 4% in early market trading today. What’s affecting these high-growth stocks?
Why Salesforce shares fell after earnings despite revenue growth
Shares plunged at the end of February despite Salesforce beating Street estimates with its results for the fiscal fourth quarter ended January 31, 2014.
eBay and ServiceNow: Downgrades and Revised Estimates
eBay (EBAY) shares are trading 7.8% lower in pre-market today. In contrast, ServiceNow (NOW) stock has gained 7% in pre-market trading.
Why Are ServiceNow and iRobot Shares Falling Today?
Stocks of high-growth tech companies ServiceNow (NOW) and iRobot (IRBT) have lost considerable value in pre-market trading today.
TTD, OKTA, NOW, and TWLO Lead Tech Losses Today
High-growth tech firms have lost significant market value in the first half of October. TTD, NOW, OKTA, and TWLO are all trading lower today.
Adobe, Workday, and ServiceNow Fall Due to Downgrades
Adobe (ADBE), Workday (WDAY), and ServiceNow shares have lost significant market value in early-market trading today. Adobe stock has fallen close to 4%.
Five High-Growth Tech Stocks to Buy at Major Dips
High-growth tech stocks can generate exponential returns. However, they have a high beta and can underperform markets by a huge margin in a downturn.
How Do Analysts View ServiceNow?
William Fitzsimmons from Morningstar raised ServiceNow’s (NOW) price target from $221 to $195 and expected the company’s revenues to double in the short term.
Can Investors Expect a ‘Black Monday’ Tomorrow?
Tech and semiconductor stocks have significant exposure to China during this trade war. Investors should expect these stocks to trade lower on Monday.
Tech Stocks: Are They Attractive after Recent Pullback?
Tech stocks led the sell-off. Investors have been concerned about a slowdown in tech spending after NetApp’s preliminary guidance on August 2.
Was Friday’s Tech Sell-Off Justified?
Last week, Donald Trump threatened 10% tariffs on $300 billion in Chinese imports. The stock market was sent tumbling on August 2, led by a tech sell-off.
Yet Another Analyst Cautions about Tech Slowdown
AB Bernstein analyst Tony Sacconaghi has warned investors to stay away from tech stocks with high valuations.
ServiceNow Stock Slumps on Q2 Earnings
Enterprise software company ServiceNow (NOW) saw its stock fall over 5.0% in after-hours trading today after the company reported its Q2 earnings results.
What’s Expected for ServiceNow Stock in Q2 2019
Earnings season is here, and analysts and investors are waiting with bated breath to see if companies meet Wall Street estimates. FactSet data suggests most companies’ earnings will decline, particularly in the technology sector. However, several companies, especially in the mid-cap category, are seeing robust revenue and earnings growth. Enterprise software provider ServiceNow (NOW) is one […]
ServiceNow Stock Easily Outperformed Markets This Year
Shares of high-growth technology company ServiceNow (NOW) have gained close to 16.0% since April 2019. It’s gained over 60.0% since the start of 2019. It also had an encouraging run in 2018, when it gained 32.0% in market value.
How Do Analysts View ServiceNow Stock?
Of the 34 analysts tracking ServiceNow (NOW), 30 have recommended “buys,” four have recommended “holds,” and none have recommended “sells” on the stock. Analysts have a 12-month average target price of $287.29 on the stock.
Why Is ServiceNow’s Renewal Rate High?
ServiceNow (NOW) has a high renewal rate, meaning that the company is providing a stellar enterprise experience. A high renewal rate is a key identifier of customer satisfaction. In the first quarter of 2019, ServiceNow’s renewal rate stood at 98.0%.
What Will Drive ServiceNow’s Revenue Going Forward?
ServiceNow (NOW) is one of the top players in the enterprise software space. It operates in a high-growth segment. ServiceNow is a company in the software-as-a-service cloud segment.
A Look at ServiceNow’s Earnings and Revenue Growth
High-growth technology company ServiceNow (NOW) has seen its shares rise 356.0% in the last five years. It managed to grow its sales from $425 million in fiscal 2013 to $2.61 billion in fiscal 2018, indicating a compound annual growth rate of 44.0%.
ServiceNow Stock Has Gained More than 50.0% in 2019
ServiceNow’s (NOW) stock performance has easily outperformed the broader markets. The stock has risen 50.8% in 2019.
Are These High-Growth Tech Stocks Trading at a Discount?
High-growth tech stocks have made a massive comeback this year after a volatile 2018.
These High-Growth Tech Stocks Could Be Undervalued
Let’s look at the high-growth tech stocks discussed in this series and their valuations at their current prices.
ServiceNow Gained Over 10% in April
In this series, we’ll take a look at the performances of high-growth tech stocks since April 2019 and what’s affected them.
ServiceNow’s Balance Sheet Looks Strong
ServiceNow’s (NOW) sales have risen at an impressive rate over the last several years.
What’s ServiceNow’s Valuation?
ServiceNow is slated to achieve GAAP profitability in fiscal 2020, and the company has a forward 2020 PE ratio of 265x.
Here’s What Could Drive ServiceNow’s Revenue Growth
ServiceNow (NOW) aims to be a strategic partner in the digital transformation of global enterprises.
What to Expect from ServiceNow’s Revenue and Earnings Growth
ServiceNow (NOW) is banking on companies’ digital transformation to drive sales.
What Do Analysts Expect from ServiceNow in Q1 2019?
ServiceNow (NOW) is set to announce its first-quarter earnings results on April 24, 2019.
A Look at ServiceNow’s Valuation, Stock Returns, and More
The stock of enterprise cloud computing solutions company ServiceNow has generated a return of 44% in the last 12 months.
What Should Workday Investors Expect?
For its third quarter of fiscal 2019, which ended October 31, Workday reported revenue of $743.2 million, representing an increase of 33.8% YoY.
ServiceNow Stock Rose More than 2% in November
In this series, we’ll look at the performances of high-growth tech stocks ServiceNow, Splunk, Pure Storage, Arista Networks, and Square.
Why Infinera Stock Fell 33.4% Yesterday
Infinera stock (INFN) fell 33.4% on November 7 to close at $4.15.
Analyzing ServiceNow’s Financial Metrics
In the third quarter, ServiceNow (NOW) reported non-GAAP gross margins of 86%. The company’s gross margin was 84% in 2016.
ServiceNow’s Subscription Revenues: 93% of the Total Sales
ServiceNow’s renewal rate in the third quarter was 97%—lower compared to a renewal rate of 98% in the previous two quarters.
ServiceNow: Digital Transformation Drove Its Q3 Revenues
ServiceNow announced an alliance with Microsoft (MSFT) to deliver digital workflows through the Azure Government Cloud.
How Did ServiceNow Perform in Q3 2018?
ServiceNow (NOW) announced its third-quarter results on October 24 and reported revenues of $676.2 million—a rise of 37.6% YoY.
A Look at ServiceNow’s Balance Sheet and Financial Metrics
While we’ve seen ServiceNow’s (NOW) exponential revenue and earnings growth over the last few years, it hasn’t posted GAAP profit yet.
ServiceNow’s Revenue Expected to Grow Significantly
Analysts expect ServiceNow’s sales to rise 29% to $3.35 billion in fiscal 2019 and 27.5% to $4.28 billion in 2020.
ServiceNow to Acquire FriendlyData: Will It Help?
On October 10, ServiceNow (NOW) announced it will acquire start-up company FriendlyData. It didn’t reveal the financial terms of the deal.
Why ServiceNow Could Achieve Ongoing Robust Revenue Growth
ServiceNow’s customer retention rate stands at an impressive 98.5%.
A Look at ServiceNow’s Stock Returns
ServiceNow (NOW) stock is trading at $197.61, which is 76.0% above its 52-week low of $112.43 and 4.0% below its 52-week high of $206.30.
Accenture Extends Partnership with SAP to Support Oil and Gas
Accenture (ACN) has extended its alliance with SAP to build a SAP S/4HANA Cloud solution that could be useful to oil and gas companies.
Comparing Workday’s Valuations with Its Peers
In the last year, Workday stock has gained 31.9%. In the last month, its stock has risen 5.4%.
How Workday’s New Acquisition Impacts Its Free Cash Flow Growth
Workday (WDAY) completed its acquisition of Adaptive Insights for $1.55 billion on August 1 in an all-cash transaction.
Can ServiceNow Meet Its Subscription Billings Target?
ServiceNow (NOW) has projected subscription billings in fiscal Q2 2018 to be in between $584 million to $588 million, which represents around 27% YoY (year-over-year) growth.
Can ServiceNow Achieve Operating Margin Target in 2018?
ServiceNow (NOW) projects non-GAAP operating margin in fiscal Q2 2018 to be 16% as compared with 15% in the prior-year quarter.
Palo Alto Networks Acquires Secdo
To boost its endpoint security service capabilities, Palo Alto Networks (PANW) acquired Israel-based company Secdo.
Tax Reform to Boost Teradata’s Free Cash Flow
Teradata (TDC) exited fiscal 2017 with $237.0 million in free cash flow compared to $328.0 million generated in fiscal 2016.
Why Adobe Is One of Jim Cramer’s ‘Cloud Kings’
Earlier this week, Jim Cramer highlighted a new stock selection in the tech space that he calls “the cloud kings.”
Cadence’s Acquisition Spree to Bolster Product Growth
Cadence Design Systems (CDNS) continues to enhance its product portfolio by way of new acquisitions. In the last five years, the company has completed eight acquisitions.
Professional Services Revenue Growth Looks Strong for ServiceNow
In 4Q17, ServiceNow’s (NOW) Professional Services and Other segment posted $49.1 million in revenues, a 19.7% increase year-over-year.
New Orders Drive Deferred and Backlog Revenues for ServiceNow
In fiscal 2017, ServiceNow’s deferred revenues improved by a stellar 44.0% year-over-year to $1.3 billion.
ServiceNow Strengthens Its Operating Platform via Acquisitions
SkyGiraffe, a mobile platform company, was ServiceNow’s latest purchase made on October 31, 2017, for $32 million.
ServiceNow Reported Strong ACV Growth in 4Q17
In the last four quarters, ServiceNow (NOW) maintained an average addition of 34 ACV accounts each quarter.
How Wall Street Analysts See Oracle Stock
Of the 35 analyst recommendations for Oracle’s stock, only one is a “sell” recommendation. More than 60% of the ratings recommended a “buy.”
What Is Microsoft’s Value Proposition in the US Software Space?
As of January 25, 2017, Microsoft continues to be the largest software player by market capitalization on a global scale.
How Do Analysts See Oracle’s Stock Prior to the Fiscal 2Q17 Results?
As of December 8, 2016, Oracle stock had risen by ~3%. But in the past year, Oracle has hardly managed to return any value to its shareholders.
What Are Analysts Recommending for Microsoft’s Stock?
Of the 40 analyst recommendations on Microsoft’s stock, ~58% have issued a “buy,” and 32% have issued a “hold.” The remaining 10% have issued a “sell.”
What Is Oracle’s Value Proposition in the Software Space?
As of September 9, 2016, Microsoft was the world’s largest software player by market cap, followed by Oracle, Red Hat, ServiceNow, and Tableau Software.
Columbia Select Large Cap Growth Fund: Sector Composition YTD 2016
The Columbia Select Large Cap Growth Fund (ELGAX) invests at least 80% of its assets in common stocks of US-based and foreign companies with market caps in the range of companies in the Russell 1000 Growth Index.
Post-Netsuite, What Are Analysts Recommending for Oracle’s Stock?
Oracle’s stock price movement over the past month has been mildly positive. As of July 29, 2016, the company’s stock had risen by ~1.6%.
Oracle’s Value Proposition: A Peer Comparison
As of June 20, 2016, Microsoft (MSFT) was the world’s largest software player by market capitalization. Oracle followed.
How ELGAX’s Portfolio Has Changed
Information technology was the single largest sectoral holding of ELGAX, forming 40% of its portfolio, as of April 2016.
What Do Analysts Recommend for ServiceNow?
Out of a total 28 recommendations by Wall Street analysts, there were no “sell” recommendations for ServiceNow.
ServiceNow’s Value Proposition in the US Software Space
ServiceNow was trading at a forward enterprise value to earnings before interest, tax, depreciation, and amortization multiple of ~26.45x on April 22, 2016.
How ITapp Enhances ServiceNow’s Position in the Cloud Space
ServiceNow announced the acquisition of ITapp, a cloud management platform provider, in early April 2016.
What Are the Analysts’ Recommendations for Microsoft?
Of the 38 analyst recommendations on Microsoft’s stock, 60.5% were “buys” as of April 6. Meanwhile, ~29% of recommendations were “holds.” The remaining ~10.5% of recommendations on the stock were “sells.”
Microsoft’s Value Proposition in the US Software Space
As of April 6, 2016, Microsoft was the largest software player by market capitalization on a global scale. It was followed by Oracle (ORCL).
Helpful Facts about the Columbia Select Large Cap Growth Fund
The Columbia Select Large Cap Growth Fund invests at least 80% of its assets in common stocks of US-based and foreign companies with market caps in the range of companies in the Russell 1000 Growth Index.
ServiceNow’s Revenues Crossed $1 Billion in Fiscal 2015
In ServiceNow’s fiscal 3Q15 release, it said that it expects fiscal 4Q15 and 2015 revenues to be in the range of $277–$282 million and $1 billion, respectively.
How ServiceNow’s 3Q15 Results Beat Analyst Expectations
ServiceNow announced its 3Q15 results on October 21 and posted revenues and non-GAAP earnings per share of $261.2 million and $0.15 per share, respectively.