NOW is trading at $90.31 (-12.38%) in pre-market after executives warned that escalating Middle East conflicts, including Iranian ship seizures in the Strait of Hormuz, are delaying major business deals.
- Geopolitical risks and regional instability have overshadowed a solid Q1 earnings beat and the company's $7.75 billion acquisition of Armis.
- The stock's decline began with a 14% plunge in late trading on April 22 and has extended into the pre-market session amid ongoing tensions and lower market futures.