Why ServiceNow Stock Was Sliding Today [Yahoo! Finance]
ServiceNow, Inc. (NOW)
Last servicenow, inc. earnings: 4/29 04:10 pm
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Source: Yahoo! Finance
Shares of ServiceNow (NYSE: NOW) were sliding today in response to news that a partner firm, Carahsoft Technology, was raided by the FBI yesterday in Virginia. While the raid on the IT distributor doesn't directly implicate ServiceNow, analysts seem to fear that the investigation could put a dent in ServiceNow's business. As of 11:11 a.m. ET, the stock was down 2.9%. How ServiceNow is impacted According to Piper Sandler , ServiceNow has about the greatest exposure of any software company, and the move could disrupt some of ServiceNow's deals with the federal government. It also said that more than 40% of ServiceNow's reported federal contracts come through Carahsoft. SAP and Okta were also impacted by the investigation. Investigators believe that Carahsoft and its partners may have schemed to overcharge government agencies. ServiceNow has not addressed that investigation, though the potential impact on the company still seems unclear. Earlier this year, SAP agreed to pa
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News
- Salesforce Targets AI-Driven Enterprise Automation With Agentforce [Forbes]Forbes
- Putting Culture and Customer Obsession at the Center of Business Transformation [TechCrunch]TechCrunch
- ServiceNow (NOW) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- DOJ investigating SAP, Carahsoft for alleged price-fixing [Fortune]Fortune
- US Investigating SAP, Carahsoft for Possible Price-Fixing [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