|Bid||485.00 x 1100|
|Ask||491.13 x 1200|
|Day's Range||480.22 - 490.46|
|52 Week Range||406.47 - 707.60|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||448.76|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
When it comes to software-as-a-service businesses (SaaS), few have been more successful than ServiceNow (NYSE: NOW). To expand on ServiceNow's offerings, it is all about making IT workflows more efficient. ServiceNow's product is widely used -- about 80% of the 500 largest U.S. companies utilize its product suite.
On a recent episode of Influencers with Yahoo Finance’s editor-in-chief, Andy Serwer, ServiceNow CEO Bill McDermott asserted that any coming recession would not pose a long-term threat to the country.
Some businesses are just bigger than any economic headwind and don't run the risk of obsolescence.