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Tag: NOW

  • ServiceNow, Inc. (NOW) stock is jumping high in premarket – What’s the reason?

    ServiceNow, Inc. (NOW) experienced an increase of 10% in the premarket after the company announced the fourth quarter and full-year 2021 financial results. However, the last trading session closed at $ 484.42 with a decrease of 2.15%.

    Fourth Quarter & Full Year 2021 Financial Results – Latest News

    NOW announced full-year 2021 and fourth-quarter results on 26th January 2022. The subscription revenue came out to be $1,523 million with 29% year-over-year growth. Moreover, there were $5.7 billion in remaining performance obligations. Not only this but there were 135 deals for more than $1 million in net new annual contract value, marking a 52 percent increase year over year. Last but not the least, NOW beats the high end of forecast across the board in Q4 2021 with constant currency subscription revenue growth accelerating year-over-year in Q1 2022.

    Now what?

    The fourth quarter was a standout quarter that capped off a stellar year of earnings growth. The company is working hard, and the company is looking forward to a fantastic year in 2022. In addition, the company expects constant currency subscription revenue growth to increase year over year, positioning the firm for the next solid year and keeping them on track to become a $15 billion revenue company.

    Executive Leadership Promotions by NOW – What’s up?

    On 26th January 2022, NOW announced worldwide executive team promotions. Chirantan CJ Desai, the company’s chief product and engineering officer, is the chief operating officer (COO) now. Moreover, Kevin Haverty, the company’s chief revenue officer, has been appointed to the position of senior advisor to the CEO. Not only this but Paul Smith, the president of EMEA, has been appointed as the chief commercial officer. ServiceNow continues to dominate and collaborate with clients to help them advance their digital transformations. In addition, the company has a tremendous opportunity of becoming the platform for every business, ministry, and educational institution on the planet. Bringing the product and industry sales teams under one roof is in line with the customer-first philosophy and will allow the company to expedite the development cycles even further.

    What’s Next?

    NOW is increasing the leadership team in preparation for scalability as the business grows. Furthermore, customers have never been more interested in ServiceNow’s cutting-edge platform. They couldn’t be more confident in the path to $15 billion in revenue and beyond, with individuals of this level.

  • 3 Best Tech Stocks to Watch in 2021 – (Twilio, ServiceNow, Roblox)

    3 Best Tech Stocks to Watch in 2021 – (Twilio, ServiceNow, Roblox)

    Technology is one of the most-fast paced industry of the 21st century. Be it the education sector or health, finance industry or transportation, technology is embedded in each one of these segments. Without the technology industry, other sectors cannot function in this day and age. Perhaps this is the reason why investors are most keen to purchase their stocks, and closely observe this market. As the global pandemic hit the world in 2020, almost all businesses suffered huge losses. However, the technology industry did not decline as much, but rather it flourished.

    Now with the beginning of 2021 investors are looking forward to putting in their money in technology stocks once again. This article will aim to provide some news and developments about three tech stocks for investors to monitor them from a close lens.

    Twilio

    Twilio (NASDAQ: TWLO) is an American company based in San Francisco, California. The company is basically a cloud communications platform for software developers. It allows them to receive and send text messages, make and receive phone calls, and other communication functions programmatically. In 2020, TWLO’s stock per share price enhanced by more than 300 percent, even in the wake of a pandemic. This manifold increase in the share price was because of the rapid digitization that took place all around the world. As more and more organizations ae replacing their old modes of communication, the target market of TWLO is expected to expand. In addition, TWLO has partnered with big consulting firms like Zendesk. Partnerships with big enterprises, along with TWLO’s innovative solutions would surely give a boost to TWLO stock. Therefore, investors should gauge the performance of TWLO carefully and purchase its stock at the right time.

    ServiceNow

    ServiceNow (NASDAQ: NOW) is a tech firm that provides cloud-based services to IT companies. These services allow the customers to automate its operations. NOW services comprise of a variety of applications that not only automate workflow but also integrate similar business procedures. Ever since NOW Stock went public, its shares have more value. In March, NOW announced that it is planning on acquiring a robotic process automation firm. This will allow NOW to compete in the ever-growing tech industry against its competitors. NOW has been consistently growing for some time now and can be an interesting option for investors.

    Roblox

    Roblox (NASDAQ: RBLX) is a creation of Roblox Corporation. It is an online gaming platform which allows gamers to play games that are created by other gamers. RBLX is compatible with Microsoft Windows, Classic Mac OS, Xbox One, Fire OS, Android, max OS, and iOS. The most recent development that took place at RBLX is its partnership with Hasbro (HAS) which gave RBLX Stock an increase by 9.4%. RBLX is one of the leading gaming platforms that focus on children. When RBLX stock became public, its share price had a significant increase. Now, with the latest partnership with Hasbro, RBLX stock can be expected to have more worth. However, the company is still unprofitable. This means that investors need to be more diligent before purchasing RBLX stock.

  • Up’s and downs of Oil sector

    Up’s and downs of Oil sector

    As the market pondered the possibility of strengthening New York and London restrictions before a readily accessible vaccine, oil prices increased.

    Since switching earlier between losses and gains, futures ended at a nine-month high. The U.S. began distributing the Covid-19 vaccine and national immunization initiatives in other countries, offering a roadmap for stabilizing oil demand.

    However, price gains remain minimal as reopening plans across the globe are affected by the virus’s spread. In the middle of a new strain of the epidemic, London is growing pandemic controls this week while New York City’s mayor said people should be prepared for a complete lockdown. The Association of Petroleum Exporting Countries, meanwhile, cut forecasts for global fuel demand by 1 million barrels a day in the first quarter of 2021.

    GasLog Partners LP (NYSE:GLOP) shares were trading up 31.18% at $3.45 at the time of writing on Monday.

    GasLog Partners LP (NYSE:GLOP) share price went from a low point around $1.51 to briefly over $16.20 in past 52 weeks, though shares have since pulled back to $3.45. GLOP market cap has remained high, hitting $177.88M at the time of writing, giving it price-to-sales ratio of more than 0.

    If we look at the recent analyst rating GLOP, BTIG Research downgraded coverage on GLOP shares with a Neutral rating and a $3.28 price target, which implies room for -0.17% downside momentum this year.

    Mid-Con Energy Partners LP (MCEP) last closed at $3.78, in a 52-week range of $1.14 to $8.70.

    SandRidge Energy Inc. (SD) stock soar by 10.61% to $3.44 after reporting that it has entered into a definitive agreement for the sale of its North Park Basin assets. The most recent rating by Seaport Global Securities, on June 21, 2017, is at a Neutral.

    Enservco Corporation (AMEX:ENSV) Shares headed rising, higher as much as 5.73%. The most recent rating by Northland Capital, on November 13, 2015, is at an Outperform.

    Renewable Energy Group Inc. (NASDAQ:REGI) rose 4.31% after gaining more than $2.68 on Monday. The company on December 3, 2020 declared changes to the organizational construct of its senior leadership team intended to accelerate the company’s performance as a leader in a rapidly growing industry.

    U.S. Well Services Inc. (USWS) last closed at $0.48, in a 52-week range of $0.23 to $2.02.

    NOW Inc. (DNOW) stock soar by 2.38% to $6.45. The firm has scheduled a conference call to discuss fourth quarter and full-year 2020 earnings on Wednesday, February 17, 2021 at 8:00 am (US Central Time). The most recent rating by Stephens, on October 16, 2020, is at an Equal-weight.

    Ultrapar Participacoes S.A. (NYSE:UGP) Shares headed rising, higher as much as 2.21%. The most recent rating by Morgan Stanley, on June 02, 2020, is at an Overweight.

    ChampionX Corporation (NYSE:CHX) rose 1.08% after gaining more than $0.15 on Monday following the announcement of early tender offer results and extension of early tender premium.

    Oceaneering International Inc. (OII) last closed at $8.25, in a 52-week range of $2.01 to $15.99. Analysts have a consensus price target of $7.48.

    Euronav NV (EURN) stock soar by 0.61% to $8.25. The most recent rating by BTIG Research, on October 21, 2020, is at a Neutral.

    TransAtlantic Petroleum Ltd. (AMEX:TAT) Shares headed rising, higher as much as 0.60%. On November 20, 2020, the company released its financial results for the quarter ended September 30, 2020. The most recent rating by TD Securities, on September 09, 2016, is at a Speculative buy.

    Pacific Ethanol Inc. (NASDAQ:PEIX) rose 0.17% after gaining more than $0.01 on Monday. The firm declared on December 1, 2020, the closing of its agreement with Liberty Basin, LLC to sell 134 acres, rail loop and grain handling assets at its Pacific Ethanol Magic Valley plant in Burley, Idaho for $10 million in cash.

    Talos Energy Inc. (TALO) last closed at $9.21, in a 52-week range of $5.00 to $31.34 after declaring proposed offering of $400 million of second-priority senior secured notes due 2026. Analysts have a consensus price target of $13.17.

    Valvoline Inc. (VVV) stock drop by -0.17% to $23.01. The most recent rating by JP Morgan, on August 05, 2020, is at an Overweight. The company on December 2, 2020 reported that it plans to acquire 27 quick-lube locations that will expand its service center network across the U.S.