ServiceNow Analysts Increase Their Forecasts After Better-Than-Expected Q2 Earnings
ServiceNow posted better-than-expected second-quarter results after Wednesday's closing bell.
ServiceNow reported quarterly earnings of 90 cents per share, which beat the Street estimate of 85 cents. Quarterly revenue clocked in at $3.99 billion, which beat the analyst consensus estimate of $3.93 billion and was up from $3.22 billion in the same period last year.
"ServiceNow's exceptional Q2 results solidify our position as the fastest-growing major enterprise software and cybersecurity company," said ServiceNow CEO Bill McDermott.
ServiceNow shares rose 5.5% to $100.67 in pre-market trading.
These analysts made changes to their price targets on ServiceNow following earnings...
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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