
On CNBC's “Halftime Report Final Trades,” Malcolm Ethridge, managing partner at Capital Area Planning Group, said ServiceNow, Inc. (NYSE:NOW) is around 25% off its 52-week high. It has become a victim of its own success, so it’s probably creating an attractive entry point, he added.
On the earnings front, ServiceNow reported second-quarter revenue of approximately $3.22 billion on July 23, beating the consensus estimate of $3.12 billion, according to Benzinga Pro. The company reported second-quarter adjusted earnings of $4.09 per share, beating analyst estimates of $3.57 per share.