Why ServiceNow’s stock is sinking toward its worst day in 11 months

Why ServiceNow’s stock is sinking toward its worst day in 11 monthsServiceNow’s stock is seeing a rare double-digit drop on Monday, and two factors seem to be driving the pressure. One is a report from Bloomberg from over the weekend, which said the software giant is in advanced talks to purchase Armis, a cybersecurity company. The report floated a potential acquisition price of up to $7 billion, which would be the steepest in ServiceNow’s NOW history. About the AuthorEmily Bary is MarketWatch's assistant managing editor, tech. She is based in New York.Copyright © 2025 MarketWatch, Inc. All rights reserved.