NEW YORK, December 28, 2025, 21:05 ET — Market closed
- ServiceNow shares last closed up 0.8% at $153.89 on Friday
- Investors remain focused on ServiceNow’s agreement to buy cybersecurity firm Armis for $7.75 billion in cash
- A holiday-thinned week ahead puts the spotlight on economic data and any fresh deal updates
ServiceNow, Inc. shares ended Friday’s session up 0.8% at $153.89, giving the workflow software maker a small lift into the final trading days of the year.
The move matters now because investors are weighing whether ServiceNow’s push into big-ticket dealmaking will strengthen growth without adding unwanted balance-sheet risk, at a time when year-end trading can be choppy and volumes thin.
A Bloomberg report on Friday highlighted that ServiceNow has committed at least $12 billion in 2025 to acquisitions or strategic investments, underscoring why the market is parsing each new transaction for its payoff and funding mix.
ServiceNow said on Dec. 23 it agreed to acquire Armis for about $7.75 billion in cash, calling the deal a way to expand its security workflow offerings and push further into “cyber exposure management.” investor.servicenow.com
Cyber exposure management is a category of tools designed to map devices and vulnerabilities across an organization and help prioritize what to fix first. ServiceNow said Armis manages cyber risk across IT systems, operational technology — the systems that run physical equipment such as factory and hospital devices — and medical devices.
“ServiceNow is building the security platform of tomorrow,” Amit Zavery, the company’s president and chief product officer, said in the announcement. investor.servicenow.com
ServiceNow said the transaction is expected to close in the second half of 2026 and would be funded with a mix of cash on hand and debt. The company said Armis has surpassed $340 million in annual recurring revenue — a subscription metric that reflects revenue expected to repeat each year — with year-over-year growth above 50%.
Separately, a regulatory filing showed ServiceNow amended CEO William R. McDermott’s employment agreement, effective Jan. 1, 2026, to keep him in service through at least Dec. 31, 2030, and updated its executive severance policy for the CEO.
ServiceNow’s stock move came as the iShares Expanded Tech-Software Sector ETF slipped 0.1% on Friday, while cybersecurity names such as Palo Alto Networks, CrowdStrike and Zscaler posted modest gains.
Before the next session on Monday, traders will be navigating a holiday-shortened week, with U.S. equity markets closed Thursday for New Year’s Day, according to the NYSE holiday calendar.
Key U.S. economic reports on the docket include pending home sales on Monday, minutes from the Federal Reserve’s December policy meeting on Tuesday, and the ISM manufacturing survey on Friday, which can sway rate expectations and high-multiple software stocks.
On the charts, ServiceNow’s shares traded between $152.02 and $154.45 in the last session, levels that short-term traders often watch for a break as liquidity returns after the weekend. Investors are also looking ahead to the company’s next earnings update; Nasdaq lists an estimated report date of Feb. 4, 2026, though the company has not confirmed a schedule.
