Why Software Leaders ServiceNow, Snowflake, and UiPath Rallied Today [Yahoo! Finance]
ServiceNow, Inc. (NOW)
Last servicenow, inc. earnings: 4/29 04:10 pm
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Source: Yahoo! Finance
Software leaders ServiceNow (NYSE: NOW) Snowflake (NYSE: SNOW) , and UiPath (NYSE: PATH) rallied on Friday, up 3.1%, 3.7%, and 4.4%, respectively, in the day's trading. There wasn't any company-specific news today on these three enterprise software leaders. However, today's solid jobs report, in combination with still-dovish commentary from Federal Reserve officials, sent each stock soaring. Software stocks to benefit from a soft landing The past few years of rising interest rates have generally been difficult for software stocks. While ServiceNow has impressively managed to buck the trend and recover strongly after 2022's downturn, Snowflake and UiPath are still down 62% and 76% over the past three years, respectively. NOW data by YCharts Interest rates have had a lot to do with it. When the post-pandemic inflation took off and the Federal Reserve raised interest rates, it hit software stocks in a number of ways. First, rapidly raising interest rates caused companies, fe
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News
- ITSM Meets Process Intelligence: Here's Why They're A Perfect Match [Forbes]Forbes
- Stock-Split Watch: Is ServiceNow Next? [Yahoo! Finance]Yahoo! Finance
- ServiceNow (NOW) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- ServiceNow Inc. (NOW): A Good Breakout Stock to Invest In Right Now [Yahoo! Finance]Yahoo! Finance
- ServiceNow Named a Leader in Inaugural IDC MarketScape for Worldwide SaaS and Cloud-enabled Spend Orchestration [Yahoo! Finance]Yahoo! Finance
NOW
Earnings
- 7/24/24 - Beat
NOW
Sec Filings
- 9/19/24 - Form 144
- 9/16/24 - Form 144
- 8/30/24 - Form 144
- NOW's page on the SEC website