New York, Feb 13, 2026, 14:36 EST — Regular session
ServiceNow, Inc. shares rose 3.7% to $107.15 in afternoon trading on Friday after the company said it had entered into an agreement to acquire Pyramid Analytics. The transaction is subject to customary closing conditions, including a regulatory process. (ServiceNow)
The deal matters because investors are parsing which enterprise software vendors can bolt analytics and automation directly into everyday work, instead of selling yet another dashboard. “Most analytics tools force business users to wait on data teams for answers,” the companies said in a joint statement, describing the push toward self-service analytics — tools that let non-technical staff run queries on their own. (CIO)
Friday’s move also landed on a day when U.S. stocks found support after consumer prices increased less than expected in January, easing pressure on rate-cut expectations and helping rate-sensitive growth names. Michael Metcalfe, head of market strategy at State Street Markets, said the data “suggests that the disinflation trend is still continuing.” (Reuters)
ServiceNow has swung sharply this week. The stock fell 5.5% on Wednesday and rose 2.7% on Thursday to close at $103.29, leaving it a little over 51% below its 52-week high, according to MarketWatch. (MarketWatch)
Other big software names were firmer on Friday. Salesforce was up about 2.6% and Oracle gained about 2.9%, while Atlassian edged down roughly 0.4%.
ServiceNow sells cloud software that helps companies run IT and other internal workflows on one platform. Much of its revenue comes from subscriptions — recurring fees customers pay to keep using the software.
But the bounce comes with a big asterisk: investors have been quick to dump software stocks on fears that fast-improving AI tools could erode pricing power for traditional subscription products. Barclays equity strategist Emmanuel Cau described markets as being in “sell first think later” mode during the recent pullback. (Reuters)
In late January, ServiceNow projected fiscal 2026 subscription revenue of $15.53 billion to $15.57 billion and said its board had authorized an additional $5 billion for share repurchases. Investors’ next checkpoints include management appearances at the Bernstein TMT Forum on Feb. 25 and the Morgan Stanley TMT Conference on March 4. (ServiceNow Newsroom)
