ServiceNow Stock Soars on AI Momentum. Is It Too Late to Buy?

Share prices of ServiceNow (NYSE: NOW) popped after the software company reported strong revenue growth to start the year and raised its guidance. While it's still trading down about 10% year to date, as of this writing, the stock is up about 27% over the past year. Meanwhile, it has been a huge winner over the past decade, up more than 1,150% during that span.The software-as-a-subscription (SaaS) company is best known for its information technology (IT) management platform, which is widely used by IT departments to manage networks and support tasks. And now, with its workflow automation and digital processing tools, it is expanding into other areas such as human resources and customer service.The core value of its platform lies in connecting siloed departments and helping organizations digitize and streamline their operations. It also made some acquisitions, including Moveworks and Logik.ai, to enhance its customer relationship management (CRM) offerings.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool