ServiceNow (NOW) Stock Down Ahead of Q2 Results

ServiceNow (NOW) stock is slipping in afternoon trading as the company is slated to post second quarter results after tomorrow's closing bell.
By Annie Palmer ,

NEW YORK (TheStreet) -- Shares of ServiceNow  (NOW) - Get Report are falling by 0.14% to $73.46 in afternoon trading on Tuesday, as the company expects to report second quarter results after tomorrow's market close. 

Analysts project the company will report earnings of 10 cents per share on revenue of $333.96 million for the most recent quarter. 

ServiceNow posted earnings of 4 cents per share on revenue of $246.72 million for the same quarter last year.

ServiceNow is a Santa Clara, CA-based company that provides cloud-based solutions that define, structure, manage and automate services. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate SERVICENOW INC as a Sell with a ratings score of D. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: NOW

NOW

data by

YCharts

Loading ...