As mentioned in prior post, one of the new tools my new company is using is ServiceNow. It is a very good helpdesk and change request tool. It is in the cloud, I can go to it and see all my tickets. It has a catalog for ordering standard things (e.g. phones) or onboarding a new employee where all the proper requests are sent to the right groups (phones, computers, timecard, 401k, etc).
The old company used to use Remedy and they also recently converted. Remedy is terrible! We tried to use it on our program once because it was free from the Gov and the gov gave up on it.
ServiceNow is VERY expensive, but seems to be worth it as everyone is adopting it. One of my colleagues came back from two recent proposal efforts and they are proposing it for Gov contracts we are chasing and he knows that several Gov agencies are already using it.
Investigate it, but I own it and it definitely has a 5-year hold potential for me
Extremely Stong growth rankings:
ChecklistRating
Composite Rating 99 Pass
EPS Rating 99 Pass
RS Rating 91 Pass
Group RS Rating A+ Pass
SMR Rating A Pass
Acc/Dis Rating C- Pass
3 Yr EPS Growth Rate 108%
Consecutive Yrs of Annual EPS Growth 3
EPS Est % Chg for Current Year 75%
Sales % Chg (Last Qtr) 41%
3 Yr Sales Growth Rate 39%
Annual Pre-Tax Margin 17.7%
Annual ROE 46.8%
Debt/Equity Ratio 108%
% Change In Funds Owning Stock 7%
Qtrs Of Increasing Fund Ownership 8
This is almost a perfect stock and a strong industry group
Industry Group Rank (1 to 197) 5
Group RS Rating A+
Big jump on Volume Friday. Buy point on the proper base is $193.56.
10 Likes
What do Broadcom (AVGO), General Electric (GE), Zillow (Z) and Yale University have in common? They all use cloud-based enterprise software from IBD 50 stock ServiceNow (NOW).
Founded in 2004 and headquartered in Silicon Valley, ServiceNow is among the best software stocks to buy and watch. It’s one of six enterprise software stocks with the highest-possible 99 Composite Rating. Paycom Software (PAYC), Ultimate Software (ULTI), Five9 (FIVN), Paylocity (PCTY) and Upland Software (UPLD) also earn that distinction.
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As cloud computing continues to revolutionize how people work, ServiceNow has delivered an impressive track record of growth through its cloud-based workflow automation and business administration software. Its three-year average annual EPS growth rate is 108%. Revenue has grown at a 39% annual pace over the same period.
ServiceNow has posted two straight quarters of accelerating earnings growth, including a jump from 81% to 123% in Q2. For the third quarter, analysts are looking for a 55% increase.
Boosted by an 18% annual pretax profit margin and 47% return on equity, the company earns an A SMR Rating, which measures a combination of sales growth, profit margins and ROE.
**I failed to mention NOW is much more than a helpdesk tool. It actually started as a work flow automation tool and the realized they could easily build on that to add helpdesk support tools that integrated into business workflow, from employee onboarding to full project integration.
10 Likes
ServiceNow broke out of a valid base today on strong volume. This combined with the super strong growth numbers makes it a buy up to 5% above the pivot of $194.91 (80% increase in volume). 5% ceiling would be $204.66
Pete
2 Likes