🔴 ServiceNow is trading 6.1% down today after a weaker-than-expected contract growth outlook

ServiceNow is trading at MXN 1,950.00, down 6.12%, as its fourth-quarter cRPO growth outlook fell short of expectations.

• The decline continued on October 30 after ServiceNow’s October 28 results and outlook disappointed investors.
• Adjusted EPS was $1.00, below the $1.02 estimate; fourth-quarter cRPO growth was forecast at 18.5%, below expectations.
• The forecast follows a sharp October 29 selloff. Software-sector weakness may add pressure, but the earnings outlook is the clearer company-specific catalyst.