ServiceNow (NOW) Falls: Stock Goes Down 6% - Tale of the Tape

ServiceNow, Inc. (NYSE: NOW) saw a big move last session, as the company's shares fell by about 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for NOW, as the stock is now down over 20% since April 1.

This slump shouldn't be too much of a surprise to investors, as this cloud based IT services provider has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

NOW currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the Computer & Technology sector include Ametek Inc. (NYSE: AME), Bazaarvoice, Inc. (NASDAQ: BV) and Applied Materials, Inc. (NASDAQ: AMAT). All these stocks Zacks Rank hold a Zacks Rank #2 (Buy).

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