Why Shares of ServiceNow Rose 43.5% in the First Half of 2020
Shares of cloud enterprise software company ServiceNow (NYSE: NOW) rose 43.5% in the first half of 2020, according to data from S&P Global Market Intelligence. The cloud IT company rose along with many enterprise software stocks, as investors piled into stocks of companies less likely to be interrupted by COVID-19. In fact, companies that help enterprises digitize their operations could even reap a benefit from the pandemic.
Combined with a solid first-quarter earnings report and better-than-feared guidance, ServiceNow shares logged a terrific first-half performance.
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Source Fool.com