ServiceNow (NOW) shares fell more than 25% in midday trading after the company guided to fourth-quarter cRPO growth of approximately 18.5%, down from 21% in the third quarter. The stock opened down more than $29 per share. Third-quarter subscription revenue rose 20.5% in constant currency to $3.988 billion. Management raised its 2026 AI annual contract value target to "$1.7 billion plus by year-end." A securities litigation firm has opened an investigation into potential securities law violations.
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