ServiceNow ‘Confuses’ With Light Forecast; Stock Down

By | April 17, 2015

Scalper1 News

ServiceNow (NOW) stock tumbled Friday after the fast-growing cloud software maker gave Q2 guidance one analyst called “underwhelming” after what he termed a “confusing” Q1. The maker of enterprise software delivered via the Internet cloud forecast weaker-than-expected billings and revenue for the current quarter, after posting Q1 earnings and sales that edged Wall Street expectations. ServiceNow stock was down 14.5% in afternoon trading in the Scalper1 News

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