Pomerantz Law Firm Investigates ServiceNow Following Earnings Miss and Stock Price Decline
Pomerantz LLP has launched an investigation into ServiceNow, Inc. (NYSE: NOW) to determine if the company or its executives engaged in securities fraud or unlawful business practices. The probe follows a significant drop in share price after the company's third-quarter financial results were released. ServiceNow reported non-GAAP earnings per share of $1.00, missing consensus estimates of $1.02. Additionally, the company provided guidance for its remaining performance obligations growth rate at 18.5%, which was also below market expectations. The company attributed the lower guidance to strong early renewals in Q3 that shifted anticipated revenue out of Q4. Following the announcement on October 29, 2026, ServiceNow's stock price plummeted by $40.46, representing a 26.95% decline to close at $109.67.
Tickers: $NOW
Topics: class action lawsuit earnings miss securities fraud investigation stock price decline
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