Investors may be taking issue with various elements of the software company’s margin forecast.
Investor's Business Daily on MSN
ServiceNow earnings meet views as Armis deal clouds margin outlook
Enterprise software maker ServiceNow reported Q1 earnings that met estimates while revenue edged by views. ServiceNow stock fell on the news.
ServiceNow's valuation is extremely stretched, trading at 15.2x EV/FY25 revenue and ~60x P/E, far above peers with similar growth rates. Growth is slowing, with only a slight boost to the FY25 outlook ...
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