ServiceNow Shares Drop 17% on Iran Tensions

ServiceNow experienced a 17% decline in its shares as the conflict in Iran negatively impacted first-quarter sales growth. The company stated that geopolitical uncertainties have slowed customer spending, making it difficult to meet revenue expectations. Analysts note that Middle East conflicts are suppressing global technology demand, and enterprise software firms like ServiceNow may face short-term challenges. The company's first-quarter sales growth showed a significant slowdown compared to previous periods. ServiceNow management emphasized that they are developing flexible strategies to address geopolitical risks and that long-term growth targets remain unchanged. However, investors are adopting a cautious stance due to short-term uncertainties. The company's stock performance continues to be monitored alongside broader market fluctuations. Experts suggest that recovery signals may emerge once the situation in Iran becomes clearer. This is not investment advice.

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■ neutral · 60%

Despite a 3.65% recovery in the stock over the past 24 hours, the RSI at 38.5 remains near oversold territory, and the MACD is trading negatively below its signal line. Trading below the 20- and 50-day moving averages indicates continued short-term pressure. This limited rebound following the 17% decline highlighted in the news suggests the market continues to price in geopolitical risks. As technical indicators do not provide a clear directional signal, a sideways trend can be expected in the short term.

RSI 14

38.5

MACD

-0.82

24h Δ

3.65%

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