ServiceNow Inc

• ServiceNow reported third-quarter revenue beats alongside a slight earnings per share miss. • Fourth-quarter performance obligation guidance trailed analyst estimates and raised demand concerns. • Stock-based compensation costs and acquisition leverage weighed heavily on investor sentiment.

ServiceNow expanded its OpenAI partnership with integrations spanning ChatGPT, cybersecurity, AI Workflow Factory, and voice-driven governance and risk assessment.

HPE selected the ServiceNow AI Platform as the support-services foundation for its Cloud & AI business under a five-year agreement.

• ServiceNow faced volatility and de-risking prior to its third-quarter earnings release. • Technical overbought conditions and macroeconomic headwinds amplified the short-term stock pullback. • Analysts maintain an average price target of $160.85 with Buy ratings.

• ServiceNow shares declined due to sector pullback and profit-taking after recent gains. • Investors worry about software licensing disruptions and operational expenditure pressures from AI. • Analysts maintain an average price target of $155.19 with a Buy rating.

• Fortinet shares faced downward pressure from valuation-driven profit taking and pre-earnings repositioning. • AI developers entering vulnerability detection raised sector-wide concerns about competitive intensity. • Fortinet reports $6.80B annual revenue and holds a neutral technical RSI reading.