ServiceNow stock (NYSE: NOW) dropped 11% on Monday after the company announced its planned $7 billion acquisition of Armis. The development triggered an analyst downgrade and unsettled investors.
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On Dec. 15, 2025, trading screens focused on ServiceNow NYSE: NOW turned a deep shade of red. Shares of the enterprise software giant dropped by more than 11.5%, leading the S&P 500's list of daily decliners.
Shares of ServiceNow (NOW) sank Monday following a report the the AI-driven enterprise software provider was close to purchasing Internet of Things security startup Armis for as much as $7 billion.
The stock drop reflects concerns that ServiceNow could get more acquisitive in a bid to ignite growth.
ServiceNow Inc (NYSE:NOW, XETRA:4S0) is reportedly in advanced discussions to acquire cybersecurity firm Armis in a deal valued at approximately $7 billion, according to a Bloomberg report. Neither company has confirmed the talks.
Shares of ServiceNow Inc (NYSE:NOW) are sharply lower this morning, after reports that the software name is in talks to acquire cybersecurity startup Armis for $7 billion as early as this week.
ServiceNow stock was falling following a report that it could be about to make its largest ever acquisition.
Workflow automation platform ServiceNow is reportedly in advanced discussions to purchase cybersecurity startup Armis. The deal, which could be worth up to $7 billion, could be announced in the coming days and comes in the wake of Armis' preparations for an initial public offering (IPO), Bloomberg News reported Sunday (Dec.
Software company ServiceNow could announce plans to acquire startup Armis as soon as this week in a potential $7 billion deal, Bloomberg reported. Armis, a cybersecurity firm, was last valued at $6.1 billion during a November funding round.
ServiceNow stock struggles amid slowing growth, but AI traction and new partnerships may shape a stronger 2026.