Shares of ServiceNow (NYSE: NOW) were sliding today in response to news that a partner firm, Carahsoft Technology, was raided by the FBI yesterday in Virginia.

While the raid on the IT distributor doesn't directly implicate ServiceNow, analysts seem to fear that the investigation could put a dent in ServiceNow's business.

As of 11:11 a.m. ET, the stock was down 2.9%.

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Source Fool.com