ServiceNow Stock Up 16.3% as AI Platform Expands with Moveworks, Armis and Veza
ServiceNow shares climbed 16.3% over the past month, outstripping the IT services industry’s 1.6% fall and the S&P 500’s 1.7% drop, while competitors fell up to 9.6%. ServiceNow is expanding its AI platform with Now Assist and acquisitions Moveworks, Armis and Veza, serving over 8,800 clients and raising 2026 earnings estimates.
1. Stock Performance
ServiceNow shares surged 16.3% over the last month, outpacing the IT services industry’s 1.6% drop and the S&P 500’s 1.7% decline. During the same period, rivals Stem, SoundHound AI and Accenture saw share losses of 2%, 6.6% and 9.6%, respectively.
2. AI Platform Expansion
The company is boosting its AI platform with offerings such as Now Assist, Workflow Data Fabric, RaptorDB Pro and CPQ solutions to automate workflows and decision-making. Strategic partnerships with Microsoft, OpenAI and Anthropic and acquisitions Moveworks, Armis and Veza reinforce its enterprise AI capabilities.
3. Enterprise Customer Growth
ServiceNow serves over 8,800 global customers, including more than 85% of Fortune 500 companies, driving deeper engagement and higher contract values. In the fourth quarter, the company closed 244 deals exceeding $1 million in new annual contract value, with over 600 clients generating more than $5 million each.
4. Outlook and Challenges
Consensus estimates for 2026 earnings have risen to $4.13 per share, reflecting about 17.7% growth year over year. Near‐term headwinds include subscription revenue pressure from deployment shifts, currency fluctuations and integration costs for recent acquisitions.