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Barchart
Barchart
Kritika Sarmah

Is ServiceNow Stock Underperforming the Nasdaq?

Headquartered in Santa Clara, California, ServiceNow, Inc. (NOW) is a leading enterprise software company that provides a cloud-based platform designed to automate and streamline workflows across IT, HR, customer service, security, and broader business operations. Founded in 2003, the company has evolved from an IT service-management tool into a comprehensive digital workflow platform used by global enterprises to modernize processes, reduce manual work, and improve efficiency. 

Companies valued at $10 billion or more are typically classified as “large-cap stocks,” and ServiceNow fits the label perfectly, with its market cap of $171.7 billion exceeding this threshold, underscoring its size, influence, and dominance within the software application industry. ServiceNow serves global enterprises across various industries and is recognized for its strong revenue growth and recurring subscription-based income.

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