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Stock impact report

Jim Cramer on ServiceNow: “The Market's Changed, the Buyers Turned Into Sellers” [Yahoo! Finance]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Last night, we had Bill McDermott, CEO of ServiceNow, on the show. Reported a perfectly good quarter, one that passed the August rule of 50, revenue growth rate plus profit margin equals more than 50. Very good sign for a cloud software play. There were huge signups. Many clients embraced their AI controller model, letting them automate their workflows and more. But here's the problem: In an era where artificial intelligence can mimic very good software businesses, it's hard for ServiceNow's stock to get a decent valuation. Too many on Wall Street are terrified that this kind of company has no future. Hence, today's staggering 17% decline for this stock. ServiceNow, this stock is now down a ghastly 44% for the year, 44%. Plus, even though ServiceNow stock has already been pummeled, that doesn't necessarily mean it's gotten cheap. As Ben Reitzes at Melius tells us, lots of their employees get stock as compensation. If you were to treat that as real cash compensation, as you and I mi Show less Read more
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