ServiceNow $NOW just got absolutely hammered — down nearly 20% after earnings. Q3 numbers came in softer than the street expected.
This is the kind of move that reminds you earnings season isn't just about beating or missing by a few cents. It's about the forward guidance, the spending outlook, and whether enterprise software budgets are holding up.
When a high-multiple SaaS name drops this hard, it's usually telling you something about demand or margin pressure that caught people off guard. Worth watching if this is an isolated miss or part of a broader slowdown in corporate IT spend.
This is the kind of move that reminds you earnings season isn't just about beating or missing by a few cents. It's about the forward guidance, the spending outlook, and whether enterprise software budgets are holding up.
When a high-multiple SaaS name drops this hard, it's usually telling you something about demand or margin pressure that caught people off guard. Worth watching if this is an isolated miss or part of a broader slowdown in corporate IT spend.
