Is ServiceNow Stock a Buy?
ServiceNow's (NYSE: NOW) stock rose 3% on Jan. 26 after the cloud-based digital workflow services provider posted its fourth-quarter earnings report. Its revenue rose 20% year over year to $1.94 billion, which matched analysts' expectations, while its adjusted earnings increased 56% to $2.28 per share and cleared analysts' estimates by $0.26. Let's review its growth rates, near-term challenges, and valuations to decide.