ServiceNow Stock: Bank of America Raises Target to 150 Dollars - Börse Express
Article excerpt
ServiceNow on Thursday released comprehensive security updates for its AI platform to close four newly discovered vulnerabilities. Three of these security gaps received the highest possible score of 10.0 on the CVSS scale, underscoring their criticality. The flaws could theoretically have allowed attackers to execute arbitrary program code, escalate privileges, or interfere with databases via SQL injections. Despite the technical warnings, investors reacted positively to the operational transparency. The stock rose by 5.5% on Friday and closed at a price of 125.35 Euros. The company stated that it is currently not aware of any cases where these vulnerabilities have been exploited for malicious purposes. The rapid deployment of patches is considered an important step to secure confidence in the increasingly autonomous functions of the software suite, as more and more companies control their processes via artificial intelligence.Parallel to technical safeguarding, management is driving expansion in the field of artificial intelligence. On Monday, ServiceNow and Tech Mahindra announced an expansion of their multi-year partnership. The goal of this cooperation is to accelerate the deployment of AI solutions in companies from pilot projects to productive, large-scale rollouts. For this purpose, Tech Mahindra plans to establish a specialized competence center for ServiceNow...
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In the second quarter, subscription revenue rose by 25% to 3.88 billion US dollars compared to the previous year.
