New York, Feb 22, 2026, 14:41 EST — Market closed
ServiceNow, Inc. shares are coming off a 2.9% drop, closing Friday at $104.27. Heading into Monday’s U.S. open, the stock remains without a clear catalyst, with investors continuing to reprice high-growth software names.
ServiceNow shares finished the day down, still sitting roughly 51% off their 52-week peak. Both the S&P 500 and Dow closed higher. Trading volume for the stock came in beneath its 50-day average — selling was evident, but there wasn’t panic in the air. ServiceNow trailed several major software names Friday. (MarketWatch)
Now, it’s all about the calendar. This week’s stretch of U.S. data — Conference Board consumer confidence lands Tuesday, then durable goods and the second GDP estimate are due Thursday — has the potential to jolt rate bets again. Tech names with longer durations usually feel those moves first. (Federal Reserve Bank of New York)
ServiceNow is in Charlotte, North Carolina, this week for its AI Summit, scheduled Feb. 23-24. The focus is typically on pipeline and product messaging rather than financials, though traders stay alert for any hint of shifting demand. (ServiceNow)
Another signal lands later in the week. According to a Feb. 13 filing, CEO William McDermott arranged to purchase $3 million worth of ServiceNow shares on Feb. 27. The same document shows several senior executives scrapped their 10b5-1 trading plans—those automated programs insiders use to offload stock. (SEC)
Other names in the group have earnings on deck as well, which tends to shift sentiment across the board. Salesforce lines up its quarterly call for Feb. 25—investors watch those numbers closely, often treating them as a signal for broader enterprise software demand and contract trends. (Salesforce Investor Relations)
Workday, seen as a key gauge for corporate apps, will post results after the bell on Feb. 24 and take investor questions at 4:30 p.m. ET. Any unexpected moves in bookings or outlook could quickly spill over to peers in workflow and SaaS. (Workday Investor Relations)
ServiceNow insists it’s doubling down on AI capabilities and notes that customer demand remains strong. The company’s been busy with acquisitions and stock buybacks, too. Back in late January, ServiceNow projected fiscal 2026 subscription revenue topping Wall Street’s expectations and announced a boost to its share repurchase program. Analyst Rebecca Wettemann at Valoir summed it up: ServiceNow is “growing both organically and by acquisition to expand its market opportunity.” (Reuters)
The setup isn’t one-sided. Stronger-than-expected economic stats, or guarded guidance out of major tech and software names, might weigh further on valuation multiples — and even a headline-grabbing insider buy won’t offer much protection if investors start sensing a slowdown in the sector’s growth.
Nvidia’s quarterly results call lands midweek, scheduled for Wednesday, Feb. 25 at 5 p.m. ET. The chipmaker’s numbers have become a key readout for risk sentiment across the “AI trade,” software names included. (Nvidia)
