NOW is trading at $88.19 (-14.44%) as intensifying U.S.-Iran tensions in the Strait of Hormuz delay major business deals.
- Management confirmed that regional conflicts are stalling enterprise contracts, a trend also impacting other tech giants like IBM.
- Shares continue to slide as oil prices climb above $102 amid the maritime standoff and broader geopolitical pressure on the tech sector.
- The downward move follows a 13.1% pre-market decline, overshadowing solid Q1 earnings and the recent acquisition of Armis.