5 Reasons to Buy ServiceNow Stock, and 1 Reason to Sell
ServiceNow's (NYSE: NOW) stock price jumped 13% on Oct. 27 in response to its third-quarter earnings report. The cloud-based digital workflow services provider's revenue rose 21% year over year (27.5% in constant currency terms) to $1.83 billion, which narrowly missed analysts' estimates by $20 million. Its adjusted net income grew 27% to $398 million, or $1.96 per share, which cleared the consensus forecast by 11 cents.
ServiceNow is still generating impressive growth, but is it the right stock to buy as rising rates rattle the tech sector? Let's weigh the five main reasons to buy ServiceNow against one reason to sell it.
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Source Fool.com
