Top Research Reports for Merck, PayPal & Royal Dutch Shell
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Investors faith in the current stock market rally was truly tested this week for one of the first times since the start of the new market uptrend on April 2. From Tuesday's highs to Thursday's lows, the Nasdaq pulled back as much as 5.9%.
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider ServiceNow (NOW).
Firm's largest sales of the 1st quarter Continue reading...
(Bloomberg) -- SAP SE’s cloud division Chief Financial Officer Todd McElhatton will leave the German software giant to run finances at cloud-applications company Zuora Inc., the latest departure in a wave of executive exits.McElhatton will become CFO of San Mateo, California-based Zuora on June 22, a week after exiting SAP, he said in an interview. He will replace Tyler Sloat, who departed Zuora and joined Freshworks Inc. as CFO this month.McElhatton spent two years overseeing the finances of SAP’s $7 billion cloud division, which includes acquired companies such as Concur, SuccessFactors and Qualtrics. He’s one of several high-profile leaders who have departed Walldorf, Germany-based SAP within the past year. Bill McDermott, who served as chief executive officer for about a decade, stepped down from that role in October and is now CEO at ServiceNow Inc. Jennifer Morgan, one of McDermott’s two successors, departed in April after disagreements with co-CEO Christian Klein about SAP’s direction. Abdul Razack, SAP’s chief product officer, left earlier this month. With the exception of McDermott, SAP’s first American CEO, these executives have been some of the company’s highest-profile leaders based in the U.S.Zuora helps other organizations adopt and manage subscription-based business models, but it has struggled at times since its April 2018 initial public offering. The software company has posted slowing year-over-year sales growth in each quarter of the last fiscal year. The stock has declined about 19% this year and, at $11.66, is trading below its $14 IPO price.McElhatton “understands companies at our level of scale and how do we bridge from where we are to be a multibillion dollar company,” Zuora CEO Tien Tzuo said in an interview. “It’s a milestone for us in the next step of our journey.”McElhatton said Zuora is well-positioned as a company that helps businesses transform their operations.“It’s just something I couldn’t pass up and the subscription economy is even going to be a bit more relevant as we go through this post Covid-19 environment,” he said.McElhatton said it was a coincidence that several SAP leaders have left in recent months and expressed confidence in Klein and SAP’s CFO Luka Mucic.Zuora hasn’t yet reported results that reflect the effects of the coronavirus pandemic, but has pointed to how its customers are faring. In a recent analysis of clients, the company found that half saw no adverse effect on business in March and April. About 20% saw subscriptions accelerate. But notably, 17% are seeing slowing growth and 15% are contracting. Zuora is scheduled to issue results June 3.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Update on Coatue Management’s top 1st-quarter trades Continue reading...
As of late, it has definitely been a great time to be an investor in ServiceNow, Inc. (NOW).
Taiwan Semiconductor Manufacturing Co Ltd tops the list Continue reading...
Moody's Investors Service, ("Moody's") affirmed BOXER PARENT COMPANY INC. (BMC) B3 Corporate Family Rating ("CFR") and B3-PD Probability of Default Rating ("PDR") following plans to acquire Compuware Corp ("Compuware"). In addition, Moody's assigned a B2 rating to BMC's proposed 1st lien notes and affirmed the B2 rating on the upsized 1st lien senior secured debt facilities.
In this article we will check out the progression of hedge fund sentiment towards ServiceNow Inc (NYSE:NOW) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 […]
Dow Jones Recovers, Ralph Lauren advances on fourth-quarter results Continue reading...
Dow Jones futures fell on revived China tensions after Thursday's coronavirus stock market rally. Covid-19 test-maker Co-Diagnostics led earnings movers.
Some stocks within the broader tech industry have hit new highs on the back of impressive growth during the coronavirus pandemic. Let's dive into three of these growth-focused tech stocks that investors might want to buy right now...
AbbVie, Interactive, Inphi, Chegg and ServiceNow highlighted as Zacks Bull and Bear of the Day
ServiceNow (NOW) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Dow Jones futures rose and Nasdaq futures fell as coronavirus stock market rally sector rotation continues. China OK'd a national security law for Hong Kong.
ServiceNow to Present at Upcoming Investor Conference
ServiceNow (NOW) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
ServiceNow (NYSE: NOW), the leading digital workflow company that makes work, work better for people, today released ServiceNow Safe Workplace, a four-app suite and dashboard designed to help companies manage the essential steps for returning employees to the workplace and support everyone’s health and safety. Immediately available on servicenow.com/safeworkplace, the Safe Workplace app suite is powered by the Now Platform.