FMP
Jan 27, 2023 4:51 PM - Davit Kirakosyan
ServiceNow (NYSE:NOW) shares rose more than 3% on Thursday after the company reported its Q4 results, with EPS of $2.28 coming in better than the Street estimate of $2.02. Revenue was $2.03 billion, beating the Street estimate of $1.94 billion.
The company’s 2023 subscription revenue guidance of $8.44-$8.5 billion also came in above expectations.
According to the analysts at Deutsche Bank, the company overdelivered on its own internal Net New ACV (NNACV) expectations, which is the purest of leading metrics that very importantly drive future revenue.
Skeptics will focus on having to take the company at its word on a seldom disclosed metric that lacks context (i.e. trended compares) though the accompanying fact pattern remains supportive, including strong 125% net expansion, 30% year-over-year growth in new logo ACV, and consistent 85% of ACV coming from the installed base. This is in addition to solid guidance, which is in part driven by the quarter's strong NNACV.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...