{
  "id": 17152687,
  "title": "ServiceNow Stock Just Plunged More Than 20% in a Single Day. Here's What It Did After Its Other Biggest Drops.",
  "url": "https://urgent.news/2026/10/30/servicenow-stock-just-plunged-more-than-20-in-a-single-day-heres-what",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T00:52:01.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/29/servicenow-stock-just-plunged-more-than-20-in-a-single-day-here-s-what-it-did-after-its-other-biggest-drops/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "ServiceNow's (NOW) stock price took a significant plunge of more than 20% on a single day, with shares currently trading near $112, down approximately 25% from Wednesday's close of $150.13. This marks the company's worst day since its initial public offering in 2012, following the release of its third-quarter results. The company reported a strong 21% increase in subscription revenue to $3.99 billion, surpassing management's guidance. However, the concern lies in the outlook, as ServiceNow guided for a fourth-quarter growth of just 18.5% in current remaining performance obligations (cRPO), which is under the contract revenue already recognized within a year. Despite such sharp drops in the past, ServiceNow's stock has recovered from most of its worst days before. For instance, six months after the April 23 drop, shares closed at $158.96, up around 88% from the $84.78 closing price. Similarly, after a 16% loss on January 28, 2016, the stock gained around 20% in the next six months and about 42% in the following year. However, there are exceptions where a drop did not lead to a quick recovery, such as a 11% decline on January 30, 2025, which saw a 42% decrease a year later. The company's CFO, Gina Mastantuono, attributed part of the fourth-quarter slowdown to the early renewal of some contracts, which negatively impacted cRPO growth in Q4. Despite this, the company expects a 21.5% rise in constant currency subscription revenue for the fourth quarter, slightly higher than the third quarter's growth rate.",
  "summary": "Most of its past one-day plunges were followed by gains. Does a slower contract forecast change that?",
  "key_points": [
    "ServiceNow stock plunged 20% in a single day, trading near $112.",
    "Company reported 21% increase in subscription revenue to $3.99 billion.",
    "CFO cited early contract renewals as a factor in Q4 slowdown."
  ],
  "editors_take": "The discrepancy between strong subscription revenue and a decelerating growth outlook forces investors to weigh historical patterns of rapid recovery against the risk of prolonged downward trends.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "ServiceNow Stock Just Plunged More Than 20% in a Single Day. Here's What It Did After Its Other Biggest Drops.",
        "url": "https://urgent.news/2026/10/30/servicenow-stock-just-plunged-more-than-20-in-a-single-day-heres-what-17161077",
        "published": "2026-10-30T01:12:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}