In the last earnings report, ServiceNow beat on both top and bottom lines by a small margin, yet the stock dipped 11% and eventually dropped over 22% within four days.
It’s likely we’ll see another double beat tonight, but we might also see a repeat of last quarter's sell-off. The story is much the same, but the pressure on AI is even higher now with so many new tools hitting the market.
If ServiceNow falls, it won't be alone; it’ll likely trigger another wave of SaaS pullbacks.
If ServiceNow stock price falls after earnings tonight, will it trigger another wave of the SaaSpocalypse?
byu/Far-East-locker instocks
Posted by Far-East-locker
6 Comments
I would be one happy camper if that company tanks. It’s painful using their software
I bought NOW at 95 and now it’s at 103.
I should probably sell because there isn’t must upside but plenty of downside.
Zoom out 1 year and you’d see lower highs and lower lows.
Zoom out 5 years and you’d see a company fail to keep its momentum after a massive cup and handle.
It’s a falling knife.
That being said, I have no idea what this company does besides its SAAS, which is a dying sector. I just look at the chart.
Definitely
It’s more and more about Agentic AI and personally I only see Salesforce with the potential cuz they acted quick and strong and servicenow still doing M&A. I mean there’s very few to compare when it comes to ISTM.
Let me get my crystal ball out, just wait there, I’ll be right back
it can, but it’s not that simple.
Last time, ServiceNow beat earnings and still dropped around 11% because expectations + AI fears > actual numbers