ServiceNow shares drop 17% on slowing sales growth due to Iran conflict

ServiceNow reported a slowdown in sales growth due to the impact of the war in Iran. The company's shares fell 17% on the news. The uncertainty created by the conflict has negatively affected customer spending, weakening the company's growth expectations. Company officials stated that geopolitical tensions have particularly impacted operations and customer demand in the Middle East region. This has led ServiceNow to revise its third-quarter revenue forecasts downward. Analysts suggest that the effects of the war may persist in the short term, but the company's long-term growth potential remains intact. ServiceNow continues to maintain its strong position in cloud-based services. This is not investment advice.

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▼ down · 70%

The news headline highlights negative factors such as the Iran conflict and a slowdown in sales growth. Although the RSI stands at 46.27, indicating a neutral zone, the price trading well below the 50-day SMA (94.27) points to weakness. The MACD remains in negative territory but is approaching the signal line, which could signal a short-term recovery; however, the selling pressure from the news appears more dominant. The last close near the 20-day SMA (90.50) suggests that a break below this level could accelerate the decline. The short-term downtrend is expected to continue.

RSI 14

46.3

MACD

-0.48

24h Δ

6.53%

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