On Tuesday, Cohesity and ServiceNow (NYSE:NOW) announced a strategic partnership to improve resilience and recovery for enterprise artificial intelligence agents.
Partnership Targets Enterprise AI Resilience
The collaboration aims to help organizations build, operate, and safeguard autonomous AI agents while ensuring data and systems can be quickly restored if disruptions occur.
“Organizations deploying AI agents can’t afford to treat resilience as an afterthought,” said Sanjay Poonen, CEO and president of Cohesity. “Cohesity brings the same immutable, point-in-time recovery that enterprises rely on for critical data, now applied to the AI agents driving their operations. Together with ServiceNow, we’re making AI agents trustworthy by design.”
ServiceNow’s platform enables enterprises to build and orchestrate AI agents with governance and security, while Cohesity protects and restores the data that those agents access to a verified baseline during incidents.
“Trust is the ultimate human currency—in the era of AI it is built through governance across agentic workflows. I’m excited to team up with Cohesity to raise the bar for responsible AI at scale,” said Bill McDermott, chairman and CEO of ServiceNow.
Integrated capabilities between ServiceNow AI Agent Control Tower and the Cohesity Data Cloud are expected to be available later this year.
Technical Analysis
Currently, the stock is trading 8.6% above its 20-day simple moving average (SMA) but is 20% below its 100-day SMA, indicating a struggle to maintain longer-term strength. Over the past 12 months, shares have decreased by 24.69% and are positioned closer to their 52-week lows than highs.
The RSI stands at 58.62, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, the MACD is at -0.6490, with the signal line at -4.0654, indicating a bullish trend as the MACD is above the signal line.
The combination of neutral RSI and bullish MACD suggests mixed momentum, indicating that while there is some upward pressure, the stock is not yet in a strong bullish phase.
- Key Resistance: $136.50
- Key Support: $99.00
Earnings & Analyst Outlook
The company is expected to provide its next financial update on April 22, 2026.
- EPS Estimate: 80 cents (Down from 81 cents)
- Revenue Estimate: $3.75 billion (Up from $3.09 billion)
- Valuation: P/E of 73.0x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $199.21. Recent analyst moves include:
- Needham: Buy (Maintains Target to $155.00) (Feb. 9)
- Needham: Buy (Maintains Target to $155.00) (Feb. 5)
- Citigroup: Buy (Raises Target to $237.00) (Jan. 30)
NOW Price Action: ServiceNow shares were down 3.74% at $117.37 at the time of publication on Tuesday, according to Benzinga Pro data.
Photo by JHVEPhoto via Shutterstock
This article Cohesity, ServiceNow Team Up To Make Enterprise AI Agents Crash-Proof originally appeared on Benzinga.com
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