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NOW

ServiceNow

$228.26

-12.315 (-5.12%)

17:05
10/22/19
10/22
17:05
10/22/19
17:05

ServiceNow down 6.3% at $214 per share after announcing CEO change

  • 22

    Oct

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    Oct

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    Dec

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    Dec

NOW ServiceNow
$228.26

-12.315 (-5.12%)

10/16/19
MSCO
10/16/19
DOWNGRADE
Target $267
MSCO
Equal Weight
Morgan Stanley downgrades ServiceNow to Equal Weight as risks seen rising
As previously reported, Morgan Stanley analyst Keith Weiss downgraded ServiceNow to Equal Weight from Overweight with an unchanged $267 price target. Weiss said the company remains "best-in-class," but it faces increasing near-term risks, including a CFO transition that may result in more cautious initial guidance for FY20 than most investors expect; tougher subscription billings comparisons in the second half of the year; and high expectations with the stock up more than 50% year-to-date, Weiss tells investors. He also noted that the firm's recent CIO survey highlighted the increasingly uncertain macro environment, particularly in Europe, which is another concern for ServiceNow.
10/16/19
10/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Adobe (ADBE) downgraded to Neutral from Buy at Citi with analyst Walter Pritchard saying he believes the stock's risk/reward is "more balanced" with the company's fiscal 2020 guidance "likely to be less conservative." 2. Acuity Brands (AYI) downgraded to Neutral from Outperform at Baird and to Perform from Outperform at Oppenheimer. 3. Costco (COST) downgraded to Neutral from Buy at Northcoast with analyst Chuck Cerankosky citing valuation. 4. ServiceNow (NOW) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Keith Weiss saying the company remains "best-in-class," but it faces increasing near-term risks, including a CFO transition that may result in more cautious initial guidance for FY20 than most investors expect; tougher subscription billings comparisons in the second half of the year; and high expectations with the stock up more than 50% year-to-date. 5. Extraction Oil & Gas (XOG) downgraded to Equal Weight from Overweight at Stephens with analyst Gail Nicholson citing the Q3 production miss, and increased cautiousness around oil. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/19
MACQ
10/17/19
NO CHANGE
Target $335
MACQ
Outperform
ServiceNow selloff yesterday a buying opportunity, says Macquarie
Macquarie analyst Sarah Hindlian recommends using the selloff yesterday in shares of ServiceNow as a buying opportunity. The analyst's channel checks suggest a "solid quarter" with North American resellers "pointing well ahead of plan." Further, a CFO appointment is in the final stages and may be announced soon "while Snowflake concerns are overblown," Hindlian tells investors in a research note. She believes investors should be building positions in ServiceNow going into its "seasonally strong" second half of the year. She reiterates an Outperform rating on the shares with a $335 price target.
10/18/19
RBCM
10/18/19
NO CHANGE
Target $320
RBCM
Top Pick
Strong Q3 results, new CFO announcement to support ServiceNow, says RBC Capital
RBC Capital analyst Alex Zukin is keeping his Top Pick rating and $320 price target on ServiceNow ahead of its Q3 results next week. The analyst notes that the his quarter-end checks and the discussions at the recent customer/partner event suggest that the company's performance in the quarter was strong, with better than expected growth in North America. Zukin adds that the decline of 3.4% this week and 14% since the release of Q2 results driven by concerns about EMEA weakness, sales attrition, and management changes sets up potential near term upside catalysts for ServiceNow with the likely announcement of a new CFO and the expected strong Q3 earnings.

TODAY'S FREE FLY STORIES

MO

Altria Group

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Merck

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FNV

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NFLX

Netflix

$302.89

0.22 (0.07%)

, DIS

Disney

$148.62

0.97 (0.66%)

12:37
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Survey finds Netflix cancelers blame price hikes, content for leaving, blog says »

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Netflix

$302.89

0.22 (0.07%)

DIS

Disney

$148.62

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AAPL

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CMCSA

Comcast

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AUPH

Aurinia Pharmaceuticals

$5.92

0.17 (2.96%)

12:25
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Options
Aurinia Pharmaceuticals call volume above normal and directionally bullish »

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GOOG

Alphabet

$1,318.96

0.51 (0.04%)

, GOOGL

Alphabet Class A

$1,318.08

-2.09 (-0.16%)

12:19
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GOOG

Alphabet

$1,318.96

0.51 (0.04%)

GOOGL

Alphabet Class A

$1,318.08

-2.09 (-0.16%)

FB

Facebook

$199.25

1.8 (0.91%)

AMZN

Amazon.com

$1,753.39

0.69 (0.04%)

AAPL

Apple

$266.15

-0.88 (-0.33%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
11/19/19
11/19
12:17
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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Z

Zillow

$38.77

-1.17 (-2.93%)

12:15
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12:15
Options
Zillow put volume heavy and directionally bearish »

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MSFT

Microsoft

$151.08

0.73 (0.49%)

12:12
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Microsoft's Spencer says Xbox Scarlett aims to support Play Anywhere, IGN says »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$312.06

0.05 (0.02%)

12:10
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11/19
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Periodicals
Trump threatens higher tariffs on China with no trade deal, CNBC reports »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$312.06

0.05 (0.02%)

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NVS

Novartis

$90.13

-0.15 (-0.17%)

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  • 07

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SNE

Sony

$61.84

-0.575 (-0.92%)

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Sony call volume above normal and directionally bullish »

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  • 09

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FB

Facebook

$199.41

1.96 (0.99%)

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  • 26

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BA

Boeing

$366.75

-2.75 (-0.74%)

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VWAGY

Volkswagen

$0.00

(0.00%)

12:03
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Periodicals
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CRSP

Crispr Therapeutics

$65.35

6.83 (11.67%)

12:00
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CTRA

Contura Energy

$7.43

-0.785 (-9.56%)

12:00
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KSS

Kohl's

$48.07

-10.32 (-17.67%)

12:00
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I

Intelsat

$6.45

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  • 10

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WUBA

58.com

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BA

Boeing

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NSCO

Nesco Holdings

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0.65 (18.57%)

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MYOV

Myovant Sciences

$12.47

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