Cohesity and ServiceNow Announce Strategic Partnership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 13 hours ago
0mins
Should l Buy NOW?
Cohesity and ServiceNow announced a strategic partnership to deliver agent resilience, enabling organizations to build, operate, and safeguard autonomous AI agents and data with enterprise-grade reliability. The company said, "As enterprises move from AI experimentation to deploying agents that execute critical business operations, the ability to quickly and precisely recover data deleted or modified by a compromised agent is becoming as important as building them. Organizations need AI agents they can trust to operate reliably and continuously, even when disruptions occur."
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Analyst Views on NOW
Wall Street analysts forecast NOW stock price to rise
32 Analyst Rating
30 Buy
2 Hold
0 Sell
Strong Buy
Current: 121.930
Low
172.00
Averages
222.81
High
263.00
Current: 121.930
Low
172.00
Averages
222.81
High
263.00
About NOW
ServiceNow, Inc. provides an artificial intelligence (AI) platform for business transformation. The Company’s AI platform connects people, processes, data, and devices to increase productivity and maximize business outcomes. Its intelligent platform, the Now Platform, is a cloud-based solution that helps enterprises and organizations across public and private sectors digitize workflows. The workflow applications built on the Now Platform are organized into four primary areas: Technology, CRM and Industry, Core Business and Creator. Its products include IT Service Management, IT Operations Management, HR Service Delivery, ServiceNow AI Agents, AI Experience, Build Agent, ServiceNow AI Control Tower, AI Agent Fabric, RaptorDB, Workflow Data Fabric, Workplace Service Delivery, ServiceNow Platform Encryption, Telecommunications Service Operations Management, and others. The Company also offers identity security, helping organizations secure access across the enterprise.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ServiceNow Stock Rises 19% Yet Remains a Strong Buy
- Stock Price Surge: ServiceNow's stock has surged 19% over the past two weeks, and despite ongoing concerns about AI's impact, the company demonstrates strong growth potential that continues to attract investor interest.
- Strong Financial Performance: The earnings report released in late January revealed a 19.5% year-over-year increase in subscription revenue, surpassing management's expectations, while remaining performance obligations grew by 22.5%, indicating a rapidly expanding business pipeline.
- Management Confidence: CEO Bill McDermott purchased $3 million worth of stock last month, and the executive team halted automated selling plans, reflecting strong confidence in the company's future value, with aspirations of reaching a $1 trillion market cap.
- AI Opportunity: ServiceNow's Now Assist AI suite achieved $600 million in annual contract value by the end of 2025, with expectations to exceed $1 billion this year, showcasing the company's leadership in AI and robust market demand.
See More
ServiceNow Rises Amid AI Wave, Strong Growth Prospects
- Strong Revenue Growth: ServiceNow's subscription revenue grew by 19.5% year-over-year, exceeding management's guidance, indicating robust performance in AI applications and likely continued investor interest.
- Executive Confidence Boosted: CEO Bill McDermott purchased $3 million worth of stock last month, reflecting management's confidence in the company's future value, with a belief that it could reach a market cap of $1 trillion, up from the current $126 billion.
- AI Opportunities Emerging: The Now Assist AI suite's annual contract value is projected to reach $600 million by the end of 2025, with management expecting it to exceed $1 billion this year, highlighting the significance and growth potential of AI in the company's operations.
- Solid Market Position: Despite the overall software sector's recovery, ServiceNow is viewed as a premium investment choice due to its extensive product portfolio and customer loyalty, with a current P/E ratio of 29, still appearing attractive.
See More
Partnership Enhances Enterprise AI Resilience
- Partnership Goals: The collaboration between Cohesity and ServiceNow aims to assist organizations in building, operating, and safeguarding autonomous AI agents, ensuring rapid data and system recovery during disruptions, thereby enhancing enterprise resilience in AI applications.
- Technical Integration: The ServiceNow platform will provide governance and security for enterprises, while Cohesity will protect and restore the data accessed by AI agents, ensuring a verified baseline can be restored during incidents, thus enhancing the trustworthiness of AI agents.
- Market Performance: Currently, ServiceNow shares are trading at $117.37, which is 8.6% above the 20-day simple moving average but 20% below the 100-day simple moving average, indicating challenges in maintaining long-term strength.
- Analyst Outlook: Analysts unanimously rate the stock as a Buy, with an average price target of $199.21; despite an expected decline in EPS to $0.80 for the financial update on April 22, 2026, revenue estimates are rising to $3.75 billion, reflecting market confidence in future growth.
See More
ServiceNow Shares Decline Amid AI Disruption Concerns
- Stock Price Fluctuation: ServiceNow's shares fell as much as 6% this morning, narrowing to a 3.5% decline by 11:35 a.m. EST, reflecting investor anxiety over potential disruptions from artificial intelligence, despite the company exceeding Wall Street's fourth-quarter estimates.
- Analyst Rating Adjustment: Rothschild & Co. Redburn cut ServiceNow's price target from $230 to $215 while maintaining a buy rating, yet this adjustment has raised investor concerns and may have exacerbated selling pressure.
- Market Sentiment Shift: Recently, investors have become more risk-averse towards software stocks, with many reducing their positions in ServiceNow and other software companies, even as the firm issued strong guidance indicating ongoing business growth.
- Future Outlook: Despite the looming threat of AI, ServiceNow continues to grow, and investors will gain clearer insights into the company's performance when it reports its quarterly results next month, suggesting shareholders should remain patient and avoid panic selling.
See More
Nvidia Partners with Thinking Machines for AI Development
- Deployment Commitment: Nvidia commits to deploying at least one gigawatt of next-generation Vera Rubin systems to power Thinking Machines' frontier model training and enterprise AI platforms, with deployment targeted for early next year, significantly enhancing AI application capabilities.
- Joint System Design: The agreement includes joint efforts to design training and serving systems for NVIDIA architectures, aiming to broaden access to frontier AI and open models for enterprises, research institutions, and the scientific community, thus promoting the widespread adoption of AI technology.
- Leadership Vision: Nvidia founder and CEO Jensen Huang stated that Thinking Machines has assembled a world-class team to advance the frontier of AI, indicating a strong mutual commitment to realizing an exciting vision for the future of AI.
- Company Background Pressure: Despite the promising partnership, Thinking Machines faces pressure due to a lack of clear product and business direction, with reports of employee resignations following a tense all-hands meeting, highlighting internal challenges and uncertainties.
See More
Microsoft Launches AI-Enhanced Office, Prices Up 65%
- Product Upgrade and Pricing: Microsoft has launched the Microsoft 365 E7 subscription at $99 per user per month, a 65% increase from the $60 E5 subscription, aimed at attracting enterprise users to adopt its Copilot AI add-on, thereby boosting overall revenue.
- AI Investment Returns: The company has invested over $100 billion in data center infrastructure over the past year, particularly in Nvidia chips to support AI model operations, with AI product sales being a crucial way to demonstrate returns on this investment, expected to drive future profit growth.
- New Feature Release: Copilot Cowork will be introduced as a research preview, designed to handle multi-step tasks such as sending scheduled emails and preparing meeting documents, which is anticipated to further drive the adoption of Copilot and enhance user productivity.
- Market Expansion Potential: Analysts note that the launch of the E7 subscription will encourage more organizations to upgrade to E5, with Microsoft’s 365 commercial products and cloud services representing 30% of total revenue in the December quarter, indicating strong growth potential in the market.
See More
ServiceNow Stock Rises 19% Yet Remains a Strong Buy
- Stock Price Surge: ServiceNow's stock has surged 19% over the past two weeks, and despite ongoing concerns about AI's impact, the company demonstrates strong growth potential that continues to attract investor interest.
- Strong Financial Performance: The earnings report released in late January revealed a 19.5% year-over-year increase in subscription revenue, surpassing management's expectations, while remaining performance obligations grew by 22.5%, indicating a rapidly expanding business pipeline.
- Management Confidence: CEO Bill McDermott purchased $3 million worth of stock last month, and the executive team halted automated selling plans, reflecting strong confidence in the company's future value, with aspirations of reaching a $1 trillion market cap.
- AI Opportunity: ServiceNow's Now Assist AI suite achieved $600 million in annual contract value by the end of 2025, with expectations to exceed $1 billion this year, showcasing the company's leadership in AI and robust market demand.
See More
ServiceNow Rises Amid AI Wave, Strong Growth Prospects
- Strong Revenue Growth: ServiceNow's subscription revenue grew by 19.5% year-over-year, exceeding management's guidance, indicating robust performance in AI applications and likely continued investor interest.
- Executive Confidence Boosted: CEO Bill McDermott purchased $3 million worth of stock last month, reflecting management's confidence in the company's future value, with a belief that it could reach a market cap of $1 trillion, up from the current $126 billion.
- AI Opportunities Emerging: The Now Assist AI suite's annual contract value is projected to reach $600 million by the end of 2025, with management expecting it to exceed $1 billion this year, highlighting the significance and growth potential of AI in the company's operations.
- Solid Market Position: Despite the overall software sector's recovery, ServiceNow is viewed as a premium investment choice due to its extensive product portfolio and customer loyalty, with a current P/E ratio of 29, still appearing attractive.
See More
Partnership Enhances Enterprise AI Resilience
- Partnership Goals: The collaboration between Cohesity and ServiceNow aims to assist organizations in building, operating, and safeguarding autonomous AI agents, ensuring rapid data and system recovery during disruptions, thereby enhancing enterprise resilience in AI applications.
- Technical Integration: The ServiceNow platform will provide governance and security for enterprises, while Cohesity will protect and restore the data accessed by AI agents, ensuring a verified baseline can be restored during incidents, thus enhancing the trustworthiness of AI agents.
- Market Performance: Currently, ServiceNow shares are trading at $117.37, which is 8.6% above the 20-day simple moving average but 20% below the 100-day simple moving average, indicating challenges in maintaining long-term strength.
- Analyst Outlook: Analysts unanimously rate the stock as a Buy, with an average price target of $199.21; despite an expected decline in EPS to $0.80 for the financial update on April 22, 2026, revenue estimates are rising to $3.75 billion, reflecting market confidence in future growth.
See More
ServiceNow Shares Decline Amid AI Disruption Concerns
- Stock Price Fluctuation: ServiceNow's shares fell as much as 6% this morning, narrowing to a 3.5% decline by 11:35 a.m. EST, reflecting investor anxiety over potential disruptions from artificial intelligence, despite the company exceeding Wall Street's fourth-quarter estimates.
- Analyst Rating Adjustment: Rothschild & Co. Redburn cut ServiceNow's price target from $230 to $215 while maintaining a buy rating, yet this adjustment has raised investor concerns and may have exacerbated selling pressure.
- Market Sentiment Shift: Recently, investors have become more risk-averse towards software stocks, with many reducing their positions in ServiceNow and other software companies, even as the firm issued strong guidance indicating ongoing business growth.
- Future Outlook: Despite the looming threat of AI, ServiceNow continues to grow, and investors will gain clearer insights into the company's performance when it reports its quarterly results next month, suggesting shareholders should remain patient and avoid panic selling.
See More
Nvidia Partners with Thinking Machines for AI Development
- Deployment Commitment: Nvidia commits to deploying at least one gigawatt of next-generation Vera Rubin systems to power Thinking Machines' frontier model training and enterprise AI platforms, with deployment targeted for early next year, significantly enhancing AI application capabilities.
- Joint System Design: The agreement includes joint efforts to design training and serving systems for NVIDIA architectures, aiming to broaden access to frontier AI and open models for enterprises, research institutions, and the scientific community, thus promoting the widespread adoption of AI technology.
- Leadership Vision: Nvidia founder and CEO Jensen Huang stated that Thinking Machines has assembled a world-class team to advance the frontier of AI, indicating a strong mutual commitment to realizing an exciting vision for the future of AI.
- Company Background Pressure: Despite the promising partnership, Thinking Machines faces pressure due to a lack of clear product and business direction, with reports of employee resignations following a tense all-hands meeting, highlighting internal challenges and uncertainties.
See More
Microsoft Launches AI-Enhanced Office, Prices Up 65%
- Product Upgrade and Pricing: Microsoft has launched the Microsoft 365 E7 subscription at $99 per user per month, a 65% increase from the $60 E5 subscription, aimed at attracting enterprise users to adopt its Copilot AI add-on, thereby boosting overall revenue.
- AI Investment Returns: The company has invested over $100 billion in data center infrastructure over the past year, particularly in Nvidia chips to support AI model operations, with AI product sales being a crucial way to demonstrate returns on this investment, expected to drive future profit growth.
- New Feature Release: Copilot Cowork will be introduced as a research preview, designed to handle multi-step tasks such as sending scheduled emails and preparing meeting documents, which is anticipated to further drive the adoption of Copilot and enhance user productivity.
- Market Expansion Potential: Analysts note that the launch of the E7 subscription will encourage more organizations to upgrade to E5, with Microsoft’s 365 commercial products and cloud services representing 30% of total revenue in the December quarter, indicating strong growth potential in the market.
See More
