ServiceNow (NOW) Shares Jump 10% on Strong Guidance by TechStockProspector


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									                                    Robert DeFrancesco’s
                            Tech-Stock Prospector
October 24, 2013

ServiceNow (NOW) Jumps 10% on Strong Guidance
ServiceNow (NOW, $58.37), a provider of cloud-based IT management solutions,
reported another strong quarter, sending the stock up more than 10% on heavy
volume to a new all-time high of $58.41.

ServiceNow is certainly living up to its name as one of our 8 TSP Tech Disruptors for
2013. Revenue in Q3 rose an impressive 73% to $111.3 million, well above the
consensus estimate of $105.5 million. Billings advanced 56% to a record $127
million. Deferred revenue rose 8% sequentially to $225.8 million.

So far this year, the stock has gained 94%. ServiceNow went public in June 2012 at
$18 a share and opened for trading at $23.75.

In Q3, ServiceNow added 122 net new customers, including 22 Global 2000
enterprises. The company now has an installed base of 1,900 accounts, with 357
Global 2000 customers.

Discover the companies expected to benefit from The Internet of Things. Download
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Trailing 12-month revenue per customer reached $219,000, up 21% from the year-
ago quarter and a gain of 5% sequentially. ServiceNow in Q3 closed three deals
worth more than $1 million each.

For Q4, the company expects revenue to come in at $119 million to $121 million,
above the consensus of $115.7 million.

For 2013, ServiceNow once again raised its revenue guidance range:

*NEW: $418.4 million to $420.4 million (growth of 72% to 73%)
*OLD: $406 million to $410 million

Read the October 2013 issue of Tech-Stock Prospector on your Amazon Kindle or
Kindle for iPad/iPhone reading app.
Here are some of the topics covered in the latest issue:

*Trend Watch: The Internet of Things
*Cisco Systems benefits from the smart grid build-out
*Machine-data analysis made easy with Splunk
*A chipmaker sees opportunity in embedded intelligence
*Can the big rebound in Yahoo shares continue?
*Why F5 Networks is attracting more Wall Street bulls
*Akamai Technologies ramps up its sales force for new growth
*How the latest WiFi standard helps Aruba Networks
*4 small-cap takeover ideas for Oracle
*Apple bulls get more optimistic about new product cycles
*Palo Alto Networks gains visibility into security demand
*Tableau Software brings data visualization to the masses
*Why some big investors like Ruckus Wireless
*Recent IPO Benefitfocus brings cloud disruption to health insurance
*Fidelity boosts its stake in beaten down Riverbed Technology
*Fortinet secures SDN environments in the cloud
*Deal Report: Fusion-IO takeover chatter surfaces again

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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street., launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

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