NOW

ServiceNow Acquires Logik.ai: ServiceNow has announced its acquisition of Logik.ai, an AI-driven company specializing in configure, price, quote solutions, aiming to enhance its CRM capabilities and streamline sales processes.

Integration Benefits: The integration of Logik.ai's technology is expected to improve productivity and efficiency across various industries by simplifying transaction management and providing a consumer-grade experience for users.

ServiceNow Acquires Logik.ai: ServiceNow Inc. has acquired Logik.ai, a company that specializes in AI-powered Configure, Price, Quote (CPQ) solutions, to enhance its Customer Relationship Management (CRM) capabilities and streamline sales processes across various industries.

Impact on Sales Efficiency: The integration of Logik.ai's technology is expected to simplify complex sales cycles, improve productivity, and reduce errors in transaction workflows, thereby strengthening ServiceNow’s CRM and Industry Workflows segment.

Acquisition Announcement: ServiceNow has announced its acquisition of Logik.ai, an AI-powered Configure, Price, Quote (CPQ) solution provider, to enhance its CRM capabilities and improve sales efficiency across various industries.

Impact on Sales Processes: The integration of Logik.ai's technology aims to streamline complex sales processes, reduce inefficiencies, and deliver a consumer-grade experience for both sellers and buyers, ultimately driving better performance in sales and commerce.

Acquisition Announcement: ServiceNow has signed a definitive agreement to acquire Logik.ai, an AI-driven CPQ solution provider, aiming to enhance its CRM capabilities and improve sales efficiency.

Market Reaction: Following the announcement, ServiceNow's stock (NOW) experienced a decline of 4.25%, trading at $789 in premarket sessions.

Major Acquisitions Announced: Brookfield Infrastructure Partners is set to acquire Colonial Enterprises for approximately $9 billion, while A.P. Moeller-Maersk has made an all-cash offer for Svitzer Group valued at around $1.3 billion. Other notable deals include Hershey's acquisition of LesserEvil and ServiceNow's agreement to buy Logik.ai.

Market Movements and Mergers: GlobalFoundries and United Microelectronics are exploring a potential merger, with United Microelectronics' ADRs seeing a 16% increase. Additionally, Brookfield Asset Management is acquiring a 50.1% stake in Angel Oak Companies as part of its expansion into private credit.

Top Performing Stocks: ServiceNow, Shopify, and Comfort Systems are highlighted as market-beating stocks with strong growth potential, showcasing impressive returns over the past five years and solid financial metrics such as ARR growth and operating margins.

Market Outlook: Despite reaching historic highs post-Trump's election, the 2025 outlook is uncertain due to new trade policies; however, investors are encouraged to focus on high-quality stocks that have consistently outperformed the market.

Fastest News Alerts: Benzinga Pro offers real-time intelligence and alerts for traders to stay updated on stock market movements.

Exclusive Community: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories from Benzinga reporters.

Technology Stocks Decline: Technology stocks, led by Apple with an 8% drop, fell sharply due to President Trump's announcement of new tariffs, causing market panic and fears of a global trade war. Other major companies like Meta, Nvidia, Tesla, and Amazon also experienced significant declines.

Global Trade Tensions: The tariffs include a blanket 10% on all imports and specific duties targeting countries like China and Vietnam, prompting international backlash, particularly from China's Ministry of Commerce, which called for the cancellation of these measures.

Analyst Conference Call: Analysts, including Erik Bissonnette, will discuss the software technology business and relevant companies during a conference call on April 10 at 12 pm.

Stock Price Adjustments: ServiceNow's price target has been lowered by multiple analysts, with adjustments ranging from $950 to $1,010, while DocuSign is noted as undervalued amidst an AI push.

Financial Results Announcement: ServiceNow will release its financial results for Q1 2025 on April 23, 2025, after market close and will host a conference call at 2 p.m. PT to discuss these results.

Company Overview: ServiceNow focuses on leveraging AI to enhance productivity and business outcomes across various industries, emphasizing a human-centered approach in their services.

Market Reactions: Tesla's stock fell 2.3% ahead of its first-quarter delivery data, while nCino's shares dropped 33% due to disappointing earnings. Petco saw a 7% increase after CEO stock purchases, and Newsmax's stock plummeted 21% after significant gains earlier in the week.

Company Developments: Meta Platforms' shares declined 1% amid a Senate investigation into its Chinese market entry efforts, and ServiceNow's stock slipped 1% following a price target reduction by Stifel due to economic uncertainties.

ServiceNow's Revenue Growth: Despite some mid-market uncertainty, ServiceNow is expected to maintain around 20% revenue growth due to consistent enterprise deal activity, although estimates for future subscription revenues have been slightly lowered by Stifel analysts.

Market Outlook and Adjustments: Stifel has reduced its price target for ServiceNow stock and adjusted revenue estimates for FY25 and FY26, citing potential risks from consumer purchasing decisions influenced by external factors like DOGE/Tariff.

Market Overview: The S&P 500 closed higher amid volatile trading, with notable movements in commodities like gold and copper, both of which have seen significant year-to-date increases. Key stocks such as Tesla, Rivian, and Boeing are also highlighted, showing mixed performance.

Sector Performance: The software sector faced declines, particularly for companies like Adobe and Oracle, attributed to slowing tech spending. Meanwhile, the healthcare sector underperformed due to layoffs at the Department of Health and Human Services, impacting pharmaceuticals and biotech industries.

Partnership Announcement: Tech Mahindra has partnered with ServiceNow to provide advanced broadband solutions for Communication Service Providers (CSPs), covering all aspects from network planning to customer experience enhancement.

Operational Efficiency: The collaboration utilizes Tech Mahindra's netOps.now platform to improve operational efficiencies by up to 50%, enabling faster market entry and scalable broadband deployments, as demonstrated in a recent implementation in Germany.

ServiceNow Stock Performance: ServiceNow (NOW) closed at $824.03, up 1.54%, outperforming the S&P 500 and other indices despite a 10.43% decline over the past month; it currently holds a Zacks Rank of #4 (Sell).

Earnings Expectations: Analysts anticipate ServiceNow will report an EPS of $3.78 and revenue of $3.09 billion for the upcoming quarter, reflecting significant year-over-year growth, while the company's valuation metrics indicate a premium compared to industry averages.

ServiceNow's Growth: ServiceNow has seen a remarkable 900% increase in stock price over the past decade, making it a significant player in cloud-based workflow management, despite recent market challenges.

Investment Considerations: While ServiceNow is not included in the Motley Fool's current top stock picks, its future growth hinges on successful scaling of its AI tools and long-term potential in the cloud and enterprise software sectors.

ServiceNow Inc. Rating: ServiceNow Inc. (NOW) has received a 100% rating from Validea's P/B Growth Investor model, indicating strong interest based on its fundamentals and valuation as a large-cap growth stock in the Software & Programming industry.

Partha Mohanram's Research: Partha Mohanram, who developed the growth model used for evaluating NOW, is recognized for his academic contributions that challenge traditional views on value and growth investing, emphasizing criteria to identify sustainable growth stocks.

Podcast Overview: In Episode #440 of the Zacks Market Edge Podcast, host Tracey Ryniec discusses three popular technology stocks that are currently on sale following a market sell-off in March 2025, excluding the Magnificent 7 stocks.

Featured Tech Stocks: The episode highlights ServiceNow, Palantir Technologies, and Palo Alto Networks, analyzing their current stock performance, valuation metrics, and potential as investment opportunities amidst the recent downturn.

Nvidia's Market Position: Nvidia dominates the AI chip market with over 90% share in GPUs for AI workloads, generating significant revenue and free cash flow, and is expected to see substantial growth driven by its new Blackwell products.

ServiceNow's Growth Potential: ServiceNow, a leader in business automation software, is experiencing strong demand for its AI platform, with significant revenue growth and a promising outlook for future earnings, making it an attractive investment opportunity.