Shares of software company ServiceNow are down over 8% since our research team added it as a short in January.
Hedgeye Software analyst Nick Balch and Communications analyst Andrew Freedman discussed ServiceNow’s (NOW) recent earnings report on The Call @ Hedgeye this morning with Hedgeye CEO Keith McCullough.
“There are growing headwinds to overall growth here,” explained Freedman. “This company will continue to slow in the fundamentals ahead of much tougher comps heading into the back half of the year,” added Balch.
“This thing is a massive short,” said McCullough. “It’s been a great call.”
Click above for more color on the company’s earnings and guidance.
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