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$NOW
ServiceNow, Inc.
ServiceNow provides cloud-based software and services that help public and private organizations manage AI and automate, integrate and coordinate workflows across their operations. Its ServiceNow AI Platform connects people, processes and data. Products are grouped into Technology; Customer Relationship Management and Industry; Core Business; and Creator and Other, with offerings for IT, security and risk, customer service and sales, industry-specific workflows, HR, legal, finance, facilities, application development, data integration, privacy and security. The platform includes Now Assist AI tools and agents, Workflow Data Fabric and RaptorDB. ServiceNow primarily serves enterprise customers and supports enterprise-wide deployments. It sells products and services through subscription agreements, including certain AI and data solutions with consumption-based pricing when usage exceeds included service credits, and also sells through managed service providers and resale partners. Customer offerings include support, professional services and the subscription-based ServiceNow Impact. ServiceNow is headquartered in Santa Clara, California.
ServiceNow (NOW) shares fell 0.62% to $101.73 on November 6 after announcing global layoffs. The company has seen a 35% share price drop since October 23. Severance costs rose to $167 million in 2026. Q3 results missed expectations, with cRPO growth guidance of 18.5% below consensus. AI efficiency gains are cited as a factor.
NowVertical Group Inc. (NOW) agreed to pay former CEO Sandeep Mendiratta £405K under a separation agreement. The payment is a one-time sum, minus required withholdings, in exchange for a full release. The company did not disclose broader performance updates or further leadership changes.
Apple, Amazon, Tesla, Boeing, and others have objected to tokenized trading of their shares on a planned blockchain stock venue co-owned by the New York Stock Exchange's parent company. About 62 companies have opted out, according to Unchained. The venue, run by OKXICE LLC, would offer trading in tokens of U.S. stocks, including those created by third parties, but companies can block tokenized versions of their shares from trading there.
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NOW sentiment & insider activity
Over the past 7 days, AlphAI's AI scored 30 news stories mentioning NOW (ServiceNow, Inc.). Coverage has skewed bearish: 8 bullish, 10 neutral, and 12 bearish.
Recent NOW coverage spans financial news, corporate actions and earnings.
What's driving NOW
The layoff announcement adds cost pressure and signals slower growth, likely weighing on the stock.
AlphAI scores every news story that mentions NOW with an AI model for sentiment and relevance, and aggregates insider trades from ServiceNow, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
ServiceNow (NOW) shares fell 0.62% to $101.73 on November 6 after announcing global layoffs. The company has seen a 35% share price drop since October 23. Severance costs rose to $167 million in 2026. Q3 results missed expectations, with cRPO growth guidance of 18.5% below consensus. AI efficiency gains are cited as a factor.
NowVertical Group Inc. (NOW) agreed to pay former CEO Sandeep Mendiratta £405K under a separation agreement. The payment is a one-time sum, minus required withholdings, in exchange for a full release. The company did not disclose broader performance updates or further leadership changes.
Apple, Amazon, Tesla, Boeing, and others have objected to tokenized trading of their shares on a planned blockchain stock venue co-owned by the New York Stock Exchange's parent company. About 62 companies have opted out, according to Unchained. The venue, run by OKXICE LLC, would offer trading in tokens of U.S. stocks, including those created by third parties, but companies can block tokenized versions of their shares from trading there.
ServiceNow's board approved $127M in retention stock awards for senior executives, including $50M for CEO Bill McDermott. The awards vest over 2027-2029. The company also reported $167M in severance costs for 2026 and plans further job cuts. Stock-based compensation was $633M in Q3, 15.5% of revenue.
Salesforce (CRM) and ServiceNow (NOW) reported Q2 earnings, both highlighting AI-driven growth. CRM revenue rose 10.8% to $11.345B, with AI products growing over 210%. NOW subscription revenue increased 21% to $3.988B, but missed EPS estimates. Both stocks fell, CRM by 6.17% and NOW by 27.58%. Investors focus on AI growth and premium upgrades.
Keysight Technologies implemented ServiceNow CPQ to streamline sales operations, reduce maintenance overhead, and accelerate product launches. The solution enabled Keysight to generate quotes 40% faster and improve its digital commerce capabilities. According to Keysight, the platform allows customers to configure complex products directly, enhancing the online customer experience.
ServiceNow (NOW) and LTM are expanding their partnership to promote enterprise adoption of agentic AI, integrating ServiceNow's AI platform with LTM's expertise. LTM will use its own deployment of 1,500 ServiceNow AI agents as a model.
ServiceNow launched the Control Tower Alliance, an 11-member ecosystem, on October 28, 2026. The alliance aims to deliver certified, pre-integrated AI governance solutions on its Super Intelligence Control Tower. Founding members include Anthropic, AWS, Cisco, NVIDIA, Okta, OpenAI, and Stripe. Partners will co-develop solutions, with select offerings sold and supported by ServiceNow. The alliance focuses on AI security, identity, and cost control, addressing enterprise AI adoption challenges.
Palantir (PLTR) shares fell after Q3 results showed 96% revenue growth but only 6% increase in contract value. ServiceNow (NOW) also dropped after guiding lower cRPO growth. Palantir raised 2026 guidance above expectations. ServiceNow's forward P/E is below its 5-year average, while Palantir's valuation assumes sustained high growth.
Morgan Stanley warns that US midterm elections could impact sectors like defense, healthcare, and AI. Democrats may gain influence, leading to investigations and spending changes. Historically, markets perform better under divided government, but analysts are uncertain. Companies like Apple, Nvidia, and Molina Healthcare could be affected by policy shifts.