ServiceNow (NOW) Stock: Armis Deal Rumors Trigger Sharp Selloff as Analysts Split Ahead of 5-for-1 Stock Split
Dec. 16, 2025 — ServiceNow, Inc. (NYSE: NOW) is having a very “2025 tech stock” moment: big strategic ambition, big market reaction, and Wall Street arguing in public. Shares of the enterprise workflow software leader closed at about $765.20 after sliding roughly 11.5% in the latest session, one of the stock’s steepest single-day drops in months. StockAnalysis+1 The immediate catalyst isn’t earnings. It’s M&A speculation: a report that ServiceNow is in advanced talks to buy cybersecurity firm Armis in a deal that could be valued at up to $7 billion—potentially ServiceNow’s biggest acquisition to date. Reuters+1 At the same time,