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Stock impact report

ServiceNow (NOW) in Focus as Bernstein Calls It the Cheapest Large-Cap Software Name [Yahoo! Finance]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Deeming NOW as the “cheapest large-cap software stock” after selloff, the firm sees the stock's valuation as overly discounted compared to fundamentals and peers. “The ‘cheapest' large cap software stock?!? This is a title we didn't think we'd ever write for a business we labeled as ‘the next Microsoft'. Yesterday we defended the potential Armis M&A that sent the stock down ~11%. Today we are reflecting on how cheap the stock is — ServiceNow's Price to 3-year-out FCF (minus SBC) vs. growth rate (our model) is now below the most bearish AI-narrative impacted large cap application software peers like Adobe.” Image by drobotdean on Freepik Bernstein believes that the stock is severely undervalued despite demonstrating no signs of growth issues. It now trades at a lower valuation than Adobe, who has been the most impacted by AI fears. The stock is even trading below Salesforce, which has a weaker reputation. “On this same basis, it is even trading below the reputation maligned-Sal Show less Read more
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