ServiceNow Inc.’s stock dropped in after-hours trading, despite the company’s CFO expressing confidence in its subscription revenue growth. The software firm missed expectations for its subscription-revenue guidance, with analyst forecasts suggesting a more conservative outlook. However, one expert praised the company’s momentum from large deals, hinting that the stock might not be as overvalued as it seems.
Source: https://www.marketwatch.com/story/servicenows-stock-falls-as-the-outlook-underwhelms-but-it-is-conservative-06b7ba9f