ServiceNow: High-quality premium

Recently, the stocks of the big winners of the new crown crisis have come under pressure. Given that prices have sometimes risen sharply since the spring of 2020, this adjustment is a healthy development. It can prevent the market from overheating and eventually provide a slightly cheaper entry opportunity for some already hot stocks. I have to give up successfully sharing ServiceNow these days.

Company portrait

This American group headquartered in Santa Clara, California provides its (corporate) customers with a unified Internet-based platform for controlling, monitoring and optimizing its IT infrastructure. This allows the company to automate most of its daily activities in the field, thereby increasing work efficiency.

With the help of a wide range of analysis tools, potential cost reductions can be discovered. In this area, the company even managed to gain market share in competition with significantly larger competitors such as IBM, HP, and SAP. Since the beginning of last year, ServiceNow has been led by former SAP boss Bill McDermott.

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