Pacific Crest Maintains ServiceNow Inc to Overweight with Price Target $80.00

Brokerage firm Pacific Crest Maintains its rating on ServiceNow Inc(NYSE:NOW). In a research note issued to the investors, the brokerage major Raises the price-target to $80.00 per share. The shares have been rated Overweight. The rating by Pacific Crest was issued on Jul 28, 2016.

In a different note, On Jul 20, 2016, Citigroup said it Maintains its rating on ServiceNow Inc. In the research note, the firm Raises the price-target to $77.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 15, 2016, Mizuho Securities said it Upgraded its rating on ServiceNow Inc. The shares have been rated ‘Buy’ by the firm. Cowen & Company said it Initiates Coverage on ServiceNow Inc, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Outperform’ by the firm. Oppenheimer said it Initiates Coverage on ServiceNow Inc, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Perform’ by the firm.

ServiceNow Inc (NOW) made into the market gainers list on Thursdays trading session with the shares advancing 0.90% or 0.67 points. Due to strong positive momentum, the stock ended at $74.94, which is also near the day’s high of $75.03. The stock began the session at $73.87 and the volume stood at 17,16,316 shares. The 52-week high of the shares is $91.28 and the 52 week low is $45.995. The company has a current market capitalization of $12,200 M and it has 16,28,00,000 shares in outstanding.

ServiceNow Inc(NOW) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $341.31M. Analysts had an estimated revenue of $333.96M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, David Schneider (Chief Revenue Officer) sold 5,000 shares at $69.26 per share price.Also, On Jun 9, 2016, Frederic B Luddy (CHIEF PRODUCT OFFICER) sold 195,000 shares at $75.86 per share price.On May 18, 2016, Daniel Mcgee (Chief Operating Officer) sold 6,892 shares at $70.01 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.

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