buy the dip or sell the rip? — TradingView News
The ServiceNow stock price continued its strong downward trend after publishing its financial results. NOW dropped by over 5% to $122, its lowest level since November 2023. This article explores whether it is safe to buy the dip.
ServiceNow issued a weak guidance
ServiceNow, a top software company in the workflow industry, reported its fourth quarter and full-year financial results.
These results came at a time when demand for software companies has dived amid fears of disruption by artificial intelligence tools.
The numbers were much better than expected, with the revenue coming in at $3.56 billion, up by 21% from the same period in 2024. This increase brought its annual revenue to $13 billion, up by 20% from what it made in 2024.
