Why Shares of ServiceNow Stock Were Rising This Week
The company is riding high after raising full-year revenue guidance.
Overview
Shares of ServiceNow (NYSE: NOW) have jumped by as much as 13.8% this week, according to data from S&P Global Market Intelligence. The software provider reported earnings last week and raised its full-year guidance, prompting investors to buy the stock. As a software stock, shares have still suffered a massive drawdown over the last 12 months, down 41%.
As of this writing at 11:50 AM EST on Friday, July 31, ServiceNow is up 11.4% this week.
Details
Late last week, ServiceNow reported its Q2 2026 earnings. It beat previous guidance for subscription revenue, which grew 23% year-over-year in constant currency to $3.88 billion. For the full year, ServiceNow is now guiding to $15.76 billion in subscription revenue, which is set to grow to $30 billion by 2030.
Source
Originally published at www.fool.com.